"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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Trader Dan Interviewed at King World News Markets and 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. This week we are deviating a bit from the usual format so that I can spend more time discussing some developments in the Commitment of Traders for gold. I think this will prove helpful to many of you in better understanding what has been occurring in the gold futures market.
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2013/6/22_KWN_Weekly_Metals_Wrap.html
Thanks Dan, that was one of the best interviews I've ever heard you give on KWN.
ReplyDeleteGreat interview, Dan!
ReplyDeletehttp://jessescrossroadscafe.blogspot.com/2013/06/the-last-time-feds-devalued-dollar-to.html
ReplyDeletehttp://news.goldseek.com/GoldSeek/1371841901.php
ReplyDeleteChen Lin expects metals to buck the trend
Paraphrasing: Chen Lin says the first half/second quarter fund redemptions may continue, silver demand may be inadequate in the short term, miners have had growing pains, PM's bull market is on track.
Egon Von Greyerz on the metals and sober warnings:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/6/23_The_World_Is_Now_On_The_Edge_Of_Total_Collapse.html
A written excerpt from Dan's Friday interview: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/6/23_Incredibly_Important_Developments_In_Gold_%26_Silver_Markets.html
I think we'll see an 11 handle before all is said and done. The bullion bank cartel wants more OI. I would like to see one more big push to the downside, and much more discussions about shut-ins as a catalyst to scare the shorts into a squeeze.
ReplyDeleteAll the gamblers are at the table, nobody wins but the bullion banks.
The selloffs in the Asian markets have been brutal. Looks like the wealth effect might be kicking in for China with the frozen banking markets.
ReplyDeleteWe'll really know if gold is a currency or not if the Asian markets are frozen. Do they run to cash or gold? I suspect the former, which could put a lot of downside pressure on physical. So we got China with a frozen banking sector. India with duties on gold. uggh. not good.
http://jessescrossroadscafe.blogspot.com/2013/06/gold-daily-and-silver-weekly-charts_24.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+JessesCafeAmericain+%28Jesse%27s+Caf%C3%A9+Am%C3%A9ricain%29
ReplyDeleteWasp dudes! Amazing stuff continues the good work. read more
ReplyDeletehttp://numismaster.com/ta/numis/Article.jsp?ad=article&ArticleId=26979
ReplyDeleteMakes some obvious but welcome admissions regarding desperation. Also the timing with the quarter end and daily events given are hints that the larger puzzle is unfolding.