"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

Trader Dan's Work is NOW AVAILABLE AT WWW.TRADERDAN.NET



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. doninJuly 12, 2012 at 10:55 AM

    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. swanpointJuly 12, 2012 at 11:44 AM

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

    ReplyDelete
  3. RichJuly 12, 2012 at 8:03 PM

    Thank you Dan.

    ReplyDelete

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