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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Sun Tzu who wrote (44311)	11/22/2021 10:19:31 AM
From: Real Man	1 Recommendation Recommended By Sun Tzu Respond to of 96853

For gld the usual place, for options on futures you can eyeball oi on cme. Gld currently has max pain higher than the price, but it might not be the options that determine the price. cmegroup.com

To: Sun Tzu who wrote (44311)	11/23/2021 6:58:24 AM
From: Real Man	Respond to of 96853

FWIW, with gold you do not have to look at max pain. It is always a smackdown, so you just short the hell out of gold on opex day. The reason is WHO gets the Fed cash. Banks and primary Fed dealers do, nobody else. They are short gold contracts. Sorry to be the bearer of bad news but this ain’t a free market, nor such behavior is conductive to operation of US economy, or even legal. Gold is not the only manipulated market, everything is. In fact, so much banks operate with fast moving derivative contracts notional size far in excess several sizes of us economy and don’t have a single losing day in a year. Think about that for a moment. Non fed banks are prudently managing their risks because if they do not they go under. Fed banks don’t need to because since they have access to infinite liquidity, they can manipulate prices at expiration to where they need the prices to be. Needless to say, such is a crime under US federal law. Moreover, banks settled criminal and civil charges multiple times in many markets. The only way capitalism can re-establish itself is to let them blow up, save their non-bank customers, and jail those responsible. When did gold start a bear market? When the Fed started printing and giving the cash to gold shorts. A no brained really, but folks still don’t get why the money supply increases 10 fold, yet gold is in a bear. The answer is simple. It is manipulated, and when that breaks there will be an upside explosion. Even currency in circulation more than doubled since. Gold bear started. Do the Americans deserve, or want to bail out this criminal monstrosity when it blows itself up eventually?