“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


In every stage of these Oppressions We have Petitioned for Redress in the most humble terms: Our repeated Petitions have been answered only by repeated injury. A Prince whose character is thus marked by every act which may define a Tyrant, is unfit to be the ruler of a free people. Source – The Declaration of Independence

Thursday, July 12, 2012

Trader Dan on King World News

Please take a bit of time to check out my recent  written interview with Eric King of KIng World News as we discuss the technical price chart of the US Dollar and some general concepts about price action.

It should be kept in mind that a rallying Dollar tends to bring pressure across most of the commodity complex as a sector. There are exceptions however and we note those.

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/7/12_Crucial_Chart_%26_What_to_Expect_From_US_Dollar,_Euro_%26_Gold.html

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3 comments:

  1. Dan the chart at KWN is hard to read . . . would you mind posting it here so it will enlarge when clicked like your other charts?

    ReplyDelete

  2. Silver started the day down about 60 cents and not it's up 13 cents, strange..

    ReplyDelete

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