“Woe to the land whose king is a child and whose leaders are already drunk in the morning. Happy the land whose king is a nobleman, and whose leaders work hard before they feast and drink, and then only to strengthen themselves for the tasks ahead”. (Eccl 10: 16-17)


"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


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Saturday, April 21, 2012

Trader Dan on KWN 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.

3 comments:

  1. Hi Dan
    Thanks for your continued thoughts.
    When you read the COT Report is this the link you use? http://www.cftc.gov/dea/futures/other_sf.htm
    It reports Producers vs Managed Money vs Swap Dealers vs Others.
    I've read a lot about Commercials vs Non-Commercials vs Non-Reportables.
    Has the COT Report changed catagories recently?
    Thanks

    ReplyDelete
  2. Another Opinion;

    Yes, that is the exact link.

    The CFTC, after input from the trade, made the decision to offer a more complete breakdown of the various categories of traders afer complaints that the nature of the categories was not properly reflecting the changing nature of the futures markets players.

    Guys were being lumped into the commercial category who were actually not true commercials but were swap dealers. Additionally, some hedge funds were attempting to claim "hedger" classification due to the nature of their business in some circumstances and this was distoring the data also.

    I like the new classification and find it very helpful.

    ReplyDelete
  3. Thanks very much for answering that.

    ReplyDelete

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