Trading In A Police State

              How’s That Hopey Changey Crap Workin’ For Everyone?

Looking back from the future, I firmly believe 2012 will be looked at as “the transitional year” individual freedoms were lost by American citizens.

If Barry Soetero wins reelection, there is absolutely no hope the America you once knew will ever recover. What he would do in a second term is frightening to ponder. He already has shredded the constitution and now has the power to detain indefinitely, in jail without due process, any American citizen he sees fit. This is what you would expect from a dictator in a Police State like North Korea or Venezuela. Welcome to life in 21^st century Amerika. All for "your protection" don't-cha-know.

                                           Live Your Dream

I have long held true to the philosophy that “it is better to be 10 years too early than 1 day too late.” This may well be the last year you have a chance to put your affairs in order before Soetero and his thugs come after your money with a vengeance.

I present as evidence simple mathematics. Amerika has just crossed the threshold of 100% Debt to GDP ratio. NO COUNTRY IN THE HISTORY OF THE WORLD HAS EVER RECOVERED AND PROSPERED FROM THIS LEVEL.

NADA. ZIP. ZILCH. ZERO!!

What this means for you, dear trader, is that your money [in the not to distant future] isn’t going to be your money anymore. It is going to be confiscated through taxation and fairness. Right now, you can do something about it.

On this webpage are links to get you started. I have listed four very prestigious offshore law firms that can help you on your journey to not only safeguard your money against government theft, but also protect you and your family from those that seek to do you harm. There simply is no downside to doing this for your loved ones.

For those of you who sit on your hands and do nothing, I feel sorry for you. Your confidence that “it can’t happen here” is misguided. Already, right in front of your eyes, we have socialized medicine coming, and now the elimination of due process.

Please tell me anything more important in the constitution of The United States than the right of due process? 

Today’s Action & Weekly Wrap Up

Yesterday’s trading was strange in more ways than one. The algorithm came into the day in “buy mode” then went to “neutral mode” and then back to “buy mode” all within 24 hours. From the start of today’s session at Midnight [Chicago time] we were in “buy mode”.

Our first signal came at 2:10 AM [Chicago time] at 1622.00. Stop on this trade was placed at 1618.90, just a little above the recent immediate low of 1618.08. Hour after hour went by, and by 7:00 AM [Chicago time] absolutely nothing had happened in either volatility or price to get gold to move more than a buck or two from the algo entry point.

Today is NFP [Non Farm Payrolls] day, and that report comes out at 7:30 AM [Chicago time] on the first Friday of every month. Traditionally, this report always moves the markets in some direction, sometimes violently, sometimes with a whimper. It has always been, and always will be something I’m not willing to sit through a position with and get whipsawed by dealers looking for stops. I don’t trade in a casino environment.

Therefore, I emailed all algorithm traders and let them know that I was exiting my position and getting flat into the report. If they choose to stay in with a long position, then that is their personal decision and they can live with the potential consequences.

So, I liquidated the long position at a little above 1622 for basically a scratch trade. Nothing really gained here, so the gain on the trade was $ 0.00 / oz.

After the NFP report came out, dealers took out stops on both sides within minutes and the market basically started its Friday drift early in the US session. I emailed everyone and let them know that, as far as I was concerned, it’s Friday and I have no intention of getting stuck in dull, stop-hunting action with volatility subdued and little chance of a sustained gain to take advantage.

As I stated yesterday, this is not cherry-picking signals. Rather, it is a risk/reward decision that has nothing to do with the gold market. Gold [or any market for that matter] doesn't care about your risk/reward parameters.

So we ended the day with a gain of $ 0.00 / oz.

Weekly Wrap Up

Monday           $ 0.00 [Market closed New Years Holiday]

            Tuesday           $ 7.00 [Rounding Down from 7.50 to 7.00]

            Wednesday      $ 4.00

            Thursday          $ 0.00

            Friday              $ 0.00        

Total For Week            $ 11.00

Running Total Since November 1, 2011

November 1, 2011 – December 31, 2011        $ 306.00

1/01/2012 – 1/06/2012                                    $   11.00

                                                Total                $317.00

Not a particularly great week, but it was shortened by the Holiday and was profitable nonetheless.

Have a greeeeeeaaaaaaaat weekend everyone!

-vegas

FEARLESS PREDICTIONS FOR 2012

                                            OK, Let’s Play

Instead of making predictions, I’m going to take a slightly different approach and tell you what happens if certain events take place in 2012. It’s more fun, and will allow me to say “I told you so” some time down the road.

The Main Event of The Year: Election 2012

                                           Kim Jong Un II

If B. Hussein Soetero gets reelected as US Prez, you will look back from the future and remember I told you it was the end of The Untied States as you knew it.

There is no way the United States can take 4 more years of this socialist asshat. If the people of Amerika are stupid enough to fall for “Hope & Change” the first time, then they are just dumb enough to do it again. And if that happens, just look to Greece to see the future Amerika.

The “Land of the Free and Home of the Brave” has been replaced with “The Land of the Indebted and Home of the Victims”. Amerika has become a fascist, socialist paradise; just be a victim of anybody that has made $1 more than you and apply for government benefits.

If he gets reelected, 2 things will happen.

First, the debt of Amerika will absolutely explode. Look for multiple trillions in debt, financed by forced participation of your 401K or IRA, and much higher tax rates. No dollar in Amerika will be safe from the clutches of “The One”.

Second, look for capital controls and the end of your personal freedom to invest your money the way you see fit. The goberment knows best don’t-cha-know. Welcome to the new reality. Look for people to go “John Galt” in increasing numbers.

                             Don’t Go Away Mad, Just Go Away

2^nd Main Event of the Year: End of the Euro

Sometime in 2012 the Euro will collapse, and with it the socialist dream of the apparatchiks in Brussels. There simply is no way this farce can continue.

The main thing I’m looking for is the reintroduction of the D-Mark for trading. The spread opportunities alone are making me giddy.

The political ramifications are enormous. What I’m hoping will happen is the introduction of capitalism into these various countries. I’m not holding my breath however.

Whatever happens, though, will not change the average Amerikan fascination with the dumbest stuff imaginable. If it has no value and repulses you, odds are it will be headline news for about a week.

Today’s Action & Wrap Up

We came into today in neutral mode and await a signal. From the looks of things, and the fact that there are only a few more hours in our trade initiation window, it doesn’t look like there will be any trades for the day. We missed a good down move today, but remember, it’s an opportunity cost not a real loss. Know and understand the difference.

The fact that gold is imploding into year end I find interesting. Sell gold [one of the few winner trades over the last year] to cover losses you have incurred everywhere else [i.e., equities] for probable tax reasons.

In the U.S. you can only deduct losses from something of like kind that is a winner. If you don’t sell the winners, you don’t get to carry over the losses into the New Year. Some system heh?

So, no trading today; $ 0.00 gain for the day.

Have a wonderful day everybody.

-vegas

ATTENTION EQUITY TRADERS, INVESTORS, & MUTUAL FUND INVESTORS

                                      The Vaunted NYSE

 Today’s post is directly aimed at those of you that 1) own mutual funds, and 2) own and/or trade stocks. It can be either in individual accounts, joint accounts, and/or the various retirement account government ponzi schemes. Whether based in U.S. equities or stocks traded in Europe or Asia, it doesn’t make any difference.

                      If You Have Any Money Invested, This Is You

If you have any money invested, you face a real three-pronged attack against your wealth. If you haven’t felt the wrath of one, some, or all of these 3 arrows, you someday will.

                                      Barry Soetero’s Amerika

The U. S. Government is the single biggest threat to your wealth. Whether the IRS or through various regulatory agencies, get ready for the biggest power grab against wealth the world has ever seen if Fearless Leader is re-elected in 2012.

Think I’m nuts or just a tad off-the-wall? Consider that in 2008-2009, when head Dem Witch Pelosi was in charge of the House of Representatives, one of her cohorts from California [George Miller] actually proposed legislation to force IRA and 401(k)’s to buy U.S. Treasury notes and bonds, and sell equities.

Now, it went nowhere, but the fact that it was even brought up should be enough of an incentive to say, “Screw you, my money is outta here!”

Still want a retirement account?

                  Ministry of Truth: We Know What’s Best For You

State and local Municipalities also pose a significant threat to your wealth through an almost infinite web of regulatory agencies and tax departments. Mess with any of these and you can kiss your equity account and/or retirement account goodbye.

Consider that California residents who pick up and leave the state permanently, to retire anywhere else, still have to pay California state taxes on their retirement income, even though they no longer live in the socialist paradise of California!

Come back soon, we need the money!

Hi, You’ve Just Been Served By The Law Firm of Wei, Cheatum & Howe

Our litigious society makes filing a lawsuit against you very simple. Makes no difference if there is a legitimate reason to do so; you got money or the perception of money and you are the deep pocket. Now, fork over that trading account!

I’m sure you and the spouse can come to a peaceful and amicable agreement in the event of divorce. After all, there isn’t any emotion or enmity involved. What could possibly go wrong?

Get “Offshore” NOW Before It’s Too Late

Moving funds “offshore” [meaning outside the U.S. or your domicile if you are a citizen of some other country] is legal and a simple process.

If you think the U.S. is the paradigm of virtue when it comes to honesty, openness, and transparency for investors, please think again. Do the bankrupt firms MF Global and REFCO mean anything to you?

The fact is, your funds are safer and better protected somewhere else, all the while being out-of-the-grasp of those pesky arrows. HotForex is domiciled in Mauritius and is regulated by FSA [Europe]. All customer monies are segregated from the firms capital.

Anybody that has money in the United States is asking for their hard-earned money to either be stolen from them by crooked exchanges and trading firms, or confiscated by government in some way, shape, or form.

It’s better to be 10 years too early than 1 day late.

                                       Why, What’s The Point?

I’m assuming you buy mutual funds or stocks to make money. OK, I’ve got a much better way to accumulate wealth. One that is safer, cheaper, and more profitable for you, and you are still in stocks.

Most, if not all offshore banks and/or brokerage houses allow clients to trade the various world stock indices as CFD’s [Contracts For Difference]. Not in the U.S. though because they know what's best for all of us. What’s a CFD? In simple terms, it’s a bet you make with the bank and/or brokerage house on the direction of the Stock Index you want to trade. There are currently 12 stock indices that can be traded through HotForex.

“But I’m more of a longer term trader, not looking to trade it every day.”

No problem, as “The Vegas BFSG Algorithm” has a longer term component to it that allows you to do this. I have calibrated ALL the stock indices that are currently offered on the MT4 trading platform. So, whether you want to invest in the Dow 30, S&P 500, Nasdaq 100, FTSE 100 (UK), DAX 30 (Germany), or any of the other countries, the algorithm has got you covered.

The key advantages here, which you DO NOT HAVE IN THE U.S., are as follows:

1)                  Sell and be short as easily as buy and be long (stock accounts),

2)                  No commissions,

3)                  Trade macro themes, not particular company specific news, and last but not least,

4)                  Leverage of 1:1 to as much as 20:1. That’s right, 5% margin if you want it.

                Who Is That Handsome Guy Trading S&P 500 Futures?

As many of you know, I have traded the Dow 30 and S&P 500 since their respective births onto the trading scene almost 30 years ago. I have argued repeatedly over the years, that it simply makes no sense to trade or own individual shares.

“The Vegas BFSG Algorithm” works extremely well in the stock indices [all of them]. Whether you are a short-term day-trader or a longer term investor, the algorithm can do sooooooooo much better [$$$$$] than what you are currently making from your stocks.

Whether you want to maintain cash levels [1:1 leverage] or get more aggressive [up to 20:1 leverage or 5% margin] is up to you. All the while, the algorithm is guiding you towards the profits you are seeking.

“How’s that buy-and-hold strategy in SPDR’s workin’ out for ya over the last 10 years?”

“The Vegas BFSG Algorithm” is free, what are you waiting for?

Today’s Action & Weekly Wrap Up

No trading today due to the shortened trading hours over the Thanksgiving Holiday. Gains for the week were approximately $ 11 / oz. For more detailed info, take a look at Wednesday’s post [11/23/2011].

Have a great day everybody.

-vegas

Gold Is Truth: Everything Else Is A Lie

                                   The Truth Hurts Doesn’t It?

The utter hubris of the political elite around the world knows no bounds. I must admit, I chuckle every time Barry Soetero or Merkozy get in front of a camera and stumble about like a drunk. Where do you find the words today that are different from yesterday, that say the same thing: you’re screwed? 

                                     Your Future Without Gold

Fiat money is created at the push of the monetary button, thus insuring another group of special interests get bailed out with the corresponding return of a vote at election time.

“Let’s see if you can do that with gold?” [I didn’t think so either.]

                        Animal Trader Anthem

Why do different traders, trading the same thing, have such disparate results? Well, some traders are more equal than others. Why?

                              Don’t Come to Wrong Conclusions

In the trading realm, A = B therefore B = A, isn’t necessarily so. This is why it is so important to think about trading away from the action, and why your algorithm will make all the difference in whether you are a pig or a mule.

Today’s Action & Wrap Up

                                 Just Another Day At The Office

About the time I retired for the evening last night, the algorithm turned into sell mode, thus requiring me to initiate short positions. After I got up this morning, and checked the overnight action, the algorithm was still in sell mode. “OK, let’s do some selling”.

The opportunity came at about 7:10 AM [Chicago time] when the algorithm flashed the sell signal. I don’t see how you could have gotten filled any worse than 1772, so we will go with that price for a new short position.

Some time later, we got confirmation of a bottom in prices around 1760. This confirmation I specifically cover in the manual. It was plain as day. In actuality, you should have gotten better pricing, upon exit, than the 1760, but again I want to be totally realistic with my prices.

So, for the day we netted about a $ 12 / oz gain. Ka-Ching.

                      Life Is good: “Honey, peel me a grape will ya?”

So, now your sitting there, and it’s still early in the day, and you figure “hey, I can make a zillion more before the day is out”.

Err, no.

One of the strengths of the algorithm is that it gives you the main move for the day, and then expects you to go live a life.

What are you waiting for?

                       I Am What I Am & Make No Excuses For It

Don’t just sit there and be Skeptic Cat, wondering if it can be for real. See for yourself and download the algorithm. Study it, learn it, and then implement it to trade and make the kind of money you want.

IT’S FREE, WHAT DO YOU WANT FROM ME? With the way your life is going, what have you got to lose? Seriously.

Have a nice day everyone,

 -vegas

MEET THE TRADING VALKYRIE

                                         No, Not This Valkyrie

For those of you who live in the U.S and are currently registered in Barry Soetero’s indoctrination camps public university system, “Valkyrie” is not about Tom Cruise in the movie.

Please, A) resume your gay/lesbian/transgender studies, B) listen again to Ketchup’s interview about OWS on NPR for the umpteenth time so you can get your daily dose of why you exist, and C) don’t be late for your conflict resolution and anger management class at 2:45 P.M. today. As a reminder, don’t get angry when your teacher is late for class because he is at a fundraising event for “The One” and is in charge of beating protestors who have the “wrong attitude”.

                                               The Real Deal

In Norse legend, “Valkyrie” were messengers of the Gods, who hovered over the battlefield; silent and invisible to the mortals who were engaged in life and death battle below. These angels of war protected those who exhibited bravery, honor, courage, and skill when engaged in hand-to-hand combat. If you were so chosen, you lived to see another day.

For those who were cowards, showed no honor, and displayed a hesitant attitude when fighting it was simple: you died.

Today, this is known as “karma”.

                                         The Daily Commute

  

Back in the day when I commuted daily into Chicago from Geneva, catching the 5:55 A.M. express into the heart of the financial district, I would spend my time preparing for the trading day. I would look at charts, do some calculations, and get ready to do battle

                                The Trading Valkyrie Find vegas

About 5 months into my trading career, on a Friday in October of 1980, late in the gold trading day I lost about 70% of my account in 45 minutes. At the 46^th minute I was somewhat indisposed.

For the next 6 months, I spent every waking minute off the trading floor doing research and putting my honor, courage, and trading skill back together.

“Valkyrie, I accept my humbling defeat. Let’s get on with it. What defeats me only makes me stronger or it kills me. I honor those who have come before me seeking truth and market knowledge. I will have the courage to follow my algorithm. Most importantly, my trading skill is my courage to follow the algorithm, NOT THE MARKET.”

For the rest of my floor career, I carried this message on an index card stuffed inside my trading jacket.

In March 1981, I was ready to trade my algorithm. It took me 3 months to actually trade the signals every day! Why? Because as it was giving a buy/sell signal I wouldn’t believe it. My guts were telling me to be on the other side.

It got so bad, on the 89^th day [a Fibonacci number by the way] on the train coming in I said to myself if I didn’t trade the signals today I would go work for McDonald’s slinging burgers; at least there you could get something to eat.

“Valkyrie, strike me down if I am not worthy!!”

Living Rent-Free In Your Head

                       Dilbert Q. Public. This Is No Way to Trade

Without even knowing you personally, I can metaphorically see you sitting at your computer attempting to trade. Hint: this ain’t gonna get it done.

I have been where most of you are at right now. You’re confused, hesitant, skeptical, and afraid. Fear not, Valkyrie is busy with other traders not trading “The Vegas BFSG Algorithm”.

What Have You Done For Me Lately?

At the start of trading today, in the Asian session last night, the Algorithm entered “sell mode”; meaning we sell rallies instead of buying the break. The algorithm trades for the day NETTED OVER $ 36 / OZ.  on the sell signals. We almost bought the low of the day on exhaustion to cover short positions. As a percentage of the daily range, the algorithm predicted the low within 3%.

Have a good day everybody,

 -vegas

OPPORTUNITY KNOCKS

                       Money For Nothing and the Chicks Are Free

So, you’re driving down the road minding your own beeswax, and out of the blue, you spot these guys picking up all kinds of cash off the road. Question is, do you stop and partake?

Ok, maybe you’re too school for cool, so you wait a few minutes to see if this is legit. A couple minutes passes, no cops or SWAT teams, and these guys just keep picking up money and throwing it in their cars. How long Dilbert, you gonna sit there before you open the door and get some for yourself?

                                             Livin' The Dream

I dunno, maybe your livin’ the dream in your mansion above. New shingles and the place triples in price. Hard to tell what goes through your head, but free cash sitting there?

Once again, the BFSG Algorithm turns in a stellar day, with gains over $30 per oz. How long you going to sit there and torture yourself before you download it and get trading the right way? Do I have to pick it up and then go over to your car and hand you some?

The news out of Europe this morning is hardly anything to cheer about. You think the U.S. has problems? I’m going out on a limb and make a prediction. Greece and Italy will reintroduce the Drachma and Lira, respectively, within 6 to 12 months. The Euro is finished and cannot be saved. Too much debt to deal with that has to be devalued. Expect gold price declines to be brief in time and shallow in price.

Today had a weird feel to it. It felt like accumulation by big money all night and into the A.M in New York. From there it just continued. Bids jumped quickly after short price corrections. If you waited too long, you paid up to get into the market. It just kept marching higher and, except for one $6 break, never came back.

As we go forward into 2012, if Barry Soetero looks like he is headed for reelection, there will be no stopping gold from heading into the ozone layer. His policies have practically destroyed the American way of life, and a second term would only see him be more liberal and destructive.

                                             Hope & Change

 

Start making money NOW and then getting it someplace safe where government can’t get its greedy hands on it. Trusting anything the U.S. government says is dangerous to your financial future. Think about it – then act and do something about it before you get screwed. You know, like opening an account with HotForex and trading the “Vegas BFSG Algorithm”.

Have a nice day everyone,

 -vegas

Weekend Special: Traders Attempt To Save Fools From Themselves

                                  OCCUPY CHICAGO DREAM

At first, I am sure they thought it was going to be free money. After all, what else could it be? I mean, with all the people who actually work for a living, what else could it be besides money falling from the sky?

As OCCUPY CHICAGO dysfunctional societal crybabies protesters found out, it was traders from The Chicago Board of Trade showering them with employment applications from McDonald’s. That they found time between bagged trades and stealing ticks from customer fills is amazing. You can count on traders for anything that promotes real social change.

                                          IT'S CALLED WORK !

Alas, Ketchup and her crew weren’t amused. What happens when white, ivy-league educated preppies who have never worked a day in their collective lives, who each probably have $200,000 in student loans, and majored in such heavy things as gender studies and/or puppetry, get a McDonald’s app thrown in their screaming faces?

As each and every day passes, we learn new things from the crowd who won't can’t work. And who can blame them really? Clinton taught them oral sex really isn’t sex; Barry Soetero has been griping endlessly about class warfare; and their parents [if they are around] taught them weed, alcohol and free love were groovy.

                                               OWS HERO

Attention Ketchup: You are a fleeced fool. Not only did the liberal establishment fill your head with worthless mush, they charged you 200k to boot, thus insuring they can control you just about forever.

Since my message probably isn’t resonating with you and your crowd, maybe something closer to home will help. See the guy above? Do you know what he would call you?

                                              “useful idiot’

Even a blind squirrel finds a nut now and then. Lenin was surely right on this one.

So, in the interest of public service, let me explain as succinctly as I can what the traders were trying to tell you:  

SHUT THE HELL UP AND GET A *&?%& JOB!

Let’s trade some gold this week and make some money. Be the 1% !!

 -vegas

Last Person Leaving Turn Out The Lights

Zzzzzzzzzzzz.

Sums up pretty well today’s trade in gold. Sellers tried a few times to take it lower but couldn’t get any traction. With NFP [Non Farm Payrolls] from the lying BLS [Bureau of labor Statistics] showing little surprise, most traders shrugged their shoulders and said, “What am I doing here”. With Barry Soetero hiding out in Cannes, trying to export to Europe his magic touch to solving the Euro crisis, there weren’t many other headlines that mattered enough to move the market.

Without further ado, today's candlestick chart explains everything.

OK, maybe not, but it certainly felt like it.

Being the investigative trader/blogger that I am, I left the office early to have lunch with former Treasurer and Chief Accountant of MF Global, Inc. I am of course referring to Jethro Bodine. I caught up with him at his favorite restaurant and what follows is my in depth coverage of the MF [appropriately named I think] bankruptcy.

Vegas: “Jethro, nice to see you. Please tell my readers what you know about this mess. Can you tell us what happened?

Jethro: “Sure vegas, we stole the money. Can I get some fries too?”

Well, there you have it.

[Note: Regulators from the SEC, CFTC, as well as uber-exchange CME were invited to this lunch, but all expressed regret that an official investigation is currently under way and commenting would be inappropriate.  That and the fact I wouldn’t buy lunch for them, kinda sealed the deal.]

Today was the kind of day a new, or undisciplined, trader easily could have gotten into trouble. Not the way you think though. It’s price action like today that make it easy to trade by-the-seat-of-your-pants and make money. A dangerous, false sense of security that this is what trading is about. I can assure you it isn’t.

The BSFG algo didn’t produce anything of significance today. About a wash really, depending on how and where you got filled. Might have made or lost a few pennies either way. No matter, days like this are to be survived. They happen, and we deal with them.

Have a great weekend everybody..

 -vegas

Politicians Speak, Gold Moves

Posting a little early today, as the algo made us a wad of moola early on in the day. Why risk giving it back?

 WTF people, what do you want me to say? BSFG Algo played the gold market today like a conductor with the symphony orchestra. Gains were over $25/oz. What the hell are you waiting for? Download and start taking advantage of one of the few genuine offers on trading you will ever get in your life.

Why trade gold?

It is one of the only markets where greed and fear are the main fundamentals. Ok, you can make a case that gold has an industrial and jewelry use, but it is small and doesn’t account for the rapid ups and downs in the marketplace on a daily basis. It is ingrained in most people to be the ultimate store of value. And that my dear amigos is why we trade it.

Asia continues to trade mucho standard deviations of volatility compared to normal. I’m not complaining, but I wish they would save some of this firepower for late Europe and US sessions. Politicians continue to be clowns in the marketplace, with their every action, sending prices all over the place. If you think Barry Soetero is a moron, his counterparts in Europe and Asia duel daily to see if they can outdo “The One”.

As long as gold maintains daily ranges over $30/oz. we will most likely clean up almost every day. So, let them run their collective mouths: it’s good for business.

As a reminder, we don’t buy high and then sell the break, or vice versa. Patience is a virtue when it comes to gold. Somebody, at every given moment when the market is open, is getting their nuts squeezed. A painful reminder of why prices move as they do.

Have a good day everyone,

-vegas