“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


To continue following Trader Dan, please sign up for Trader Dan's World at the link on the sidebar to receive a 1 month, no obligation, trial membership



Monday, November 19, 2012

Gold Chart



Gold has rebounded sharply this AM and run right back into a strong level of selling resistance noted on the price chart. If the bulls can push through this region, they stand a very good chance of taking the market to the $1780 level.

What more can you say that "RISK ON" is in vogue today. WAX ON; WAX OFF; RISK ON; RISK OFF.


Wanna know why Silver is so strong today? Look at the following chart of the CCI. Yep, Risk on.



Home Sales Data uptick has copper bulls giddy with delight.



Today is "BUY EVERYTHING IN SIGHT" Day.
Tomorrow, who knows?

3 comments:

  1. The best way to maximize a return trading the price of gold is by trading it with an online trading platform.

    day trading software

    ReplyDelete
  2. Witness the complete collapse in crude oil, with gold following, after some Fed Head last night started mentioning "containing inflation expectations".

    Never before in world history has Central Banking been so easy.

    Any whiff of commodity price inflation can be instantaneously "whipped" with mere words.

    Looks like bonds are still strong also, with munis leading the charge.

    Bernanke has created a "Nirvana" financial environment:

    - Stocks well bid.

    - Interest rates at record lows.

    - Commodity inflation stopped dead in its tracks.

    Any wonder why retail stocks have been outpeforming the last 3 years?

    ReplyDelete
  3. This could really good to see that your blog contain rich information...,

    ReplyDelete

Note: Only a member of this blog may post a comment.