"When misguided public opinion honors what is despicable and despises what is honorable, punishes virtue and rewards vice, encourages what is harmful and discourages what is useful, applauds falsehood and smothers truth under indifference or insult, a nation turns its back on progress and can be restored only by the terrible lessons of catastrophe." … Frederic Bastiat

Evil talks about tolerance only when it’s weak. When it gains the upper hand, its vanity always requires the destruction of the good and the innocent, because the example of good and innocent lives is an ongoing witness against it. So it always has been. So it always will be. And America has no special immunity to becoming an enemy of its own founding beliefs about human freedom, human dignity, the limited power of the state, and the sovereignty of God. – Archbishop Chaput


Saturday, January 14, 2012

Trader Dan on King World News Weekly Metals Wrap

Please click on the following link to listen in to my regular weekly radio interview with Eric King on the KWN Weekly Metals Wrap.



  1. Hi, I came across your site and wasn’t able to get an email address to contact you. Would you please consider adding a link to my website on your page. Please email me back.



  2. Dear Dan,

    Sorry if the answer was already asked by others, I just hope you'll find a few seconds to answer my question here :

    after MF Global scandal, I have one big worry, as half of my gold I bought through 2 companies, namely BullionVault and James Turk's Gold Money.

    They also claim that accounts are segregated, with physical 100% allocation of gold, and on the latter, possibility of physical delivery.

    But wasn't it the same for MF Global?

    Is there a huge risk as well to see my account vanish from these companies and should I really be 100% physical without any intermediate?

    Thanks a lot for your answer and for your work,

  3. To previous poster. If you are asking that question then you already know the anwser. You do not want any counter party risk from anyone including GoldMoney and Bullionvault.

  4. Dan,
    I listened to your interview straight after listening to Jim Rickards', and what occurred to me was that the bond market is not pricing in an economic catastrophe, but a war with Iran.
    If you look at it that way, it would make sense that once war breaks out, the bond market should break out, gold would go up, USD would go up, and eventually the stock markets would go up too (much like after the start of the Iraq war).
    I would really appreciate reading/hearing your thoughts on this.

  5. I think what we're seeing here is the cartel firmly in control of the action. In a rising equity market, they "allow" gold and silver to go up a little bit. In a market selloff, they hammer it down.

    I haven't looked at the COT volume reports in a while, is it possible the MF Global fiasco still has a lot of the spec money on the sidelines? The line in the sand seems to be 1660 and 30.50 as of now. Will we have to see the S&P go up another 3% to 5% to get to 1700/31? Just horrible price action given the general markets. Let's hope it picks up soon.


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