“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, August 17, 2013

Trader Dan Interviewed at King World News Markets and Metals Wrap

Please click on the following link to listen in to my regular weekly audio interview with Eric King over at the KWN Markets and Metals Wrap.

http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2013/8/17_KWN_Weekly_Metals_Wrap.html

3 comments:

  1. Hi Dan,

    I'd like to know if you could comment about the now above 50:1 ratio between OI and registered stocks at the Comex.
    It is unprecedented.
    As a Futures Trader, did you think about what may happen if Comex is headed towards some kind of cash settlement?
    My take is as long as confidence in the dollar is there, cash settlements will prevail, but every and each of these "events" (MF Global, Comex cash settlement for delivery?) is an additional nail in the coffin of current confidence in the fiat currency system...
    so maybe such a "default" of the Comex would be one more time a "non event" for the time being regarding gold's prices.
    But I'm interested in knowing what you think about it :)
    Thanks a lot and wish you good trades :)

    ReplyDelete
  2. Hubert du Haut;

    I have been monitoring the delivery process this month quite closely Hubert and thus far there does not seem to be anything disorderly about it. The volume of deliveries does not seem excessive and we really have only had ONE STRONG STOPPER which has been JP Morgan for their HOUSE account.

    I would think that if there was a genuine panic over the deliveries, we would see it FIRST during this process with a large number of entities standing for delivery and demanding the gold. As of now, and I want to emphasize that NOW, I am not concerned. But I do want to keep an eye on it for the reason that you state - the supply is shrinking in the warehouses.

    Thanks for your comments - I know that I and many others enjoy them.
    Dan

    ReplyDelete
  3. Thanks Dan,

    It's a pleasure to interact with you on this blog, as you give us the chance to do so and to learn a bit more every week.

    ReplyDelete

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