tag:blogger.com,1999:blog-1708908742323002823.post1005118149831854073..comments2024-02-10T02:18:27.240-08:00Comments on Trader Dan's Market Views: World Gold Council Report Pressuring GoldTrader Danhttp://www.blogger.com/profile/05484363461047659198noreply@blogger.comBlogger43125tag:blogger.com,1999:blog-1708908742323002823.post-48249602894116902642014-04-15T20:45:19.985-07:002014-04-15T20:45:19.985-07:00Was it the blood moon/total eclipse that activated...Was it the blood moon/total eclipse that activated all the nutters?Gilhttps://www.blogger.com/profile/16780909602588070681noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-1375260705523725992014-04-15T20:36:59.370-07:002014-04-15T20:36:59.370-07:00HDH, I look forward to following your trades on th...HDH, I look forward to following your trades on this board. TD provides a unique market analysis for free, which I greatly appreciate. But your detailed accounting of actual trades provides a very nice complement for novice and non-traders and is also greatly appreciated. Gilhttps://www.blogger.com/profile/16780909602588070681noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-45878173709533778742014-04-15T20:36:43.584-07:002014-04-15T20:36:43.584-07:00Lots of vitriol tonight. Thanks Dan for all your p...Lots of vitriol tonight. Thanks Dan for all your posts. They keep me sane and solvent.MDLGTOhttps://www.blogger.com/profile/06636563285000423292noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-1000452465746759052014-04-15T19:47:32.073-07:002014-04-15T19:47:32.073-07:00@ Roger, Trader Dan is not a Goddess! He is not f...@ Roger, Trader Dan is not a Goddess! He is not female....But Angelo....well not sure what to say there....Anonymoushttps://www.blogger.com/profile/03261842059724838053noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-254317450030562402014-04-15T18:01:36.416-07:002014-04-15T18:01:36.416-07:00Dan I have no disagreement in what you say when a...Dan I have no disagreement in what you say when accepting things as they are because they are and thus that is what the market says it is. I have learnt many moons ago not to fight the market but accept it as it is no matter what the moral equation ends up being..You obviously have learnt many moons ago also and accepted this is as the way things are and judging the market does not make you money . You can certainly judge the market but still accept it and make money from it but to say that it is not rigged or perversely slanted is really not credible. Chart reading and tech analysis is a very sterile way of looking at it because who cares how those charts came to be as they are just a history of price movements during a specific period of time with a myriad of different studies developed by a myriad of .different people. In the end, there is no sense to make of it....it is what it is.Anonymoushttps://www.blogger.com/profile/03044411101465361515noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-68407655278087455982014-04-15T16:56:43.465-07:002014-04-15T16:56:43.465-07:00Sometimes an empty hat is just an empty hat. Glad...Sometimes an empty hat is just an empty hat. Glad you've come to realize that.Andyramahttps://www.blogger.com/profile/01546944838534963035noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-58801314267483538542014-04-15T16:52:36.674-07:002014-04-15T16:52:36.674-07:00The above ought to be required reading for all fir...The above ought to be required reading for all first time visitors to this blog.Andyramahttps://www.blogger.com/profile/01546944838534963035noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-78776828390384124462014-04-15T15:21:46.888-07:002014-04-15T15:21:46.888-07:00Jasper, it's amazing how the guys that buy the...Jasper, it's amazing how the guys that buy the highs listening to the armageddon crew want to take out their anger/losses on the only people who have better sense than them. The world isn't going to end and if it did what good would gold and gold mining shares do you anyways? Aren't the streets in heaven paved with gold and silver? I'm not ready to find out just yet.Anonymoushttps://www.blogger.com/profile/12649641347882802144noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-12232761379843712462014-04-15T15:14:33.075-07:002014-04-15T15:14:33.075-07:00Roger Dupont,
Making such nasty comments towards D...Roger Dupont,<br />Making such nasty comments towards Dan's trading and religious beliefs shows your lack of taste and IQ. If you don't like what he thinks start your own blog or join the hucksters monkeys screaming the sky is falling everywhere else on the web. We deal in facts not fiction here.Anonymoushttps://www.blogger.com/profile/12649641347882802144noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-40264059052808208442014-04-15T13:41:14.218-07:002014-04-15T13:41:14.218-07:00Quite the cult of haters these gots / gold folks. ...Quite the cult of haters these gots / gold folks. Rooting for collapse that just wont happen quick enough. Jasperhttps://www.blogger.com/profile/03831704112998990130noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-62803866682390766472014-04-15T13:38:36.157-07:002014-04-15T13:38:36.157-07:00Roger Dupont;
How about I have my administrative ...Roger Dupont;<br /><br />How about I have my administrative person delete your posts instead? You must either be drunk/high or mentally unstable. Nothing you write makes the least bit of sense. It is like trying to follow the sayings of a mad man.Trader Danhttps://www.blogger.com/profile/05484363461047659198noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-34754217116975706982014-04-15T13:35:31.883-07:002014-04-15T13:35:31.883-07:00Angelo;
Let me try this one more time for you my ...Angelo;<br /><br />Let me try this one more time for you my friend - the market is running on what it perceives to be the fundamentals. Now, if its view of the fundamentals are different from yours, and if you do not respect the views of a larger majority than those that happen to share your view of those fundamentals, then you are going to lose money. It is just that simple. <br /><br />You think gold and silver should both be higher. The market disagrees with you. Why - because it perceives no threat of inflation at the current time and it also perceives slowing consumption of both copper and silver due to a slowdown in Chinese credit growth. That is not hard to understand.<br /><br />What is blocking your ability to accede to this is that you have somewhere along the line picked up a view that informs you that silver and gold MUST be higher in price because so and so says thus and thus. <br /><br />here is the question you must ask yourself; " Why should I care what so and so says about the price of gold or about the fundamentals when he or she is obviously grossly wrong?"<br /><br />Investing is about making money - it is not about arguing a point with the markets which do not care what you or I happen to think it should be doing. Learn THIS LESSON and you will succeed. Fail to learn it and you will always lose money.<br /><br />Lastly - Arguing that the HFT crowd skims money out of the markets and serve no other purpose but to enrich themselves because of their ability to front run orders is one thing - arguing that because they do so that the markets are not pricing in the current perceived fundamentals and are therefore rigged, is something completely different. AT the end of the day the market price is that which current market participants have agreed to as that which is a fair balance between buyers and sellers. <br />It happens like that every and will continue to do so regardless of what the HFT crowd does.<br /><br />As to crony capitalism - again you will have no disagreement from me on how corrupt our system has become but that in and of itself does not mean that the markets are rigged. <br /><br />Your problem should be with the Fed which has created the environment in which these hedge funds move enormous sums of money around the planet looking for yield in an interest rate environment in which it is not possible for an average investor to find a safe and conservative investment which throws off a decent yield.Trader Danhttps://www.blogger.com/profile/05484363461047659198noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-4417666973153369882014-04-15T13:34:16.928-07:002014-04-15T13:34:16.928-07:00My advice : leave the markets, a pure den of whore...My advice : leave the markets, a pure den of whores, you have here plenty of examples...Anonymoushttps://www.blogger.com/profile/07683490695322075792noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-12514497992109597912014-04-15T13:31:38.473-07:002014-04-15T13:31:38.473-07:00Angelo,
Goddess dan is telling you that the WGC t...Angelo,<br /><br />Goddess dan is telling you that the WGC told you bearish, so sell now as fast is possible : do not read what is inside : that is bearish : period. Why : because it is falling !Anonymoushttps://www.blogger.com/profile/07683490695322075792noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-25402022205402304452014-04-15T13:27:59.207-07:002014-04-15T13:27:59.207-07:00Hi Dan,
You are truly a genius for me : I want to...Hi Dan,<br /><br />You are truly a genius for me : I want to trade human organs, please give me some advice to make money in trading, I would be please to have another sentence coming from Archbishop Chaput, that is useful to try to look at a "good person" !!!<br /><br />All the best trade : my money my friend more and more trading money ! Anonymoushttps://www.blogger.com/profile/07683490695322075792noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-84156304458009913542014-04-15T13:22:13.830-07:002014-04-15T13:22:13.830-07:00Yes, Dan, there are fundamentals as there always i...Yes, Dan, there are fundamentals as there always is in any product or commodity, but in this environment, what were fundamentals then no longer are defined as fundamentals now..I am saying that supply and demand which is the pillar of the capitalistic system takes a "way-back" seat now especially when it comes to precious metals. You can join all the systems and play ball as you please as many are saying here, but in the end, the essence of what makes capitalism (supply and demand with regards to this sector) is pretty well non existent and can be described very simply as crony capitalism. Just as Lewis wrote that the "markets are rigged" but more so in this sector than any other. and yes, you are right, you can make money in a rigged market and I would be the first to propose it, but that doesn't change the facts and those that do so are a product of this market. Anonymoushttps://www.blogger.com/profile/03044411101465361515noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-49729450199584116842014-04-15T13:22:09.703-07:002014-04-15T13:22:09.703-07:00You are not in the right place here : if you find ...You are not in the right place here : if you find a child with a usable kidney and if the TA is good (trader dan will help you for that), try to make some money, after all, that's the life purpose isn't it ?<br /><br />PS : to be forgiven you just have to put a Archbishop Chaput quote in front and everything will be OK !!!Anonymoushttps://www.blogger.com/profile/07683490695322075792noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-42747011893205096762014-04-15T13:17:11.420-07:002014-04-15T13:17:11.420-07:00Buy IBB with leverage my friend, and short silver ...Buy IBB with leverage my friend, and short silver with a 10 leverage, you will be able to upgrade tour chick, all good to support western and especially western oligarchy : but what I am sure that you are not one of them because you do not lose your time 10 times a day posting your famous I agree Stay in te system !Anonymoushttps://www.blogger.com/profile/07683490695322075792noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-51316640796979256212014-04-15T12:59:31.142-07:002014-04-15T12:59:31.142-07:00Darkpurplehaze : Always and always the same crap.....Darkpurplehaze : Always and always the same crap...<br /><br />No more backwardation for months you do know nothing, you have to love permabulls because it is a so sweet jackass/ennemy.<br /><br />As mark says a a daily basis : stay in the system sheeple stay in the system<br /><br />Anonymoushttps://www.blogger.com/profile/07683490695322075792noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-4133356039536422532014-04-15T09:38:55.163-07:002014-04-15T09:38:55.163-07:00Dark Purple;
If I had that "insider informat...Dark Purple;<br /><br />If I had that "insider information" that I could not share because of fear of losing my life, I guarantee you I would not be cackling like a hen about it but would be quietly using it to secure my own fortune instead of peddling some overpriced, useless newsletter to unsuspecting dupes. <br /><br />There are far too many people out there who take advantage of others. While those who follow their one-sided, never changing advice end up losing their hard-earned wealth, these hucksters enrich themselves in the process. They have no skin in the game like many who are merely trying to make informed decisions to protect their wealth and thus their families. <br /><br />This is the reason why I try to teach others how to read the charts and thus the markets. Hopefully, they can learn to depend on their own judgments and make informed decisions based on what the markets are saying. They may not always get it right - indeed who among us can lay claim to such things - but at the very least they will be able to recognize when they have gotten something wrong and hopefully be able to minimize any harm to themselves financially. <br />He who learns to run away lives to play another day is the motto of all successful traders.Trader Danhttps://www.blogger.com/profile/05484363461047659198noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-56794138604981208152014-04-15T09:31:31.043-07:002014-04-15T09:31:31.043-07:00Angelo;
I second what Hubert wrote in his respons...Angelo;<br /><br />I second what Hubert wrote in his response to you. Believe it or not, there are fundamentals at work in gold. I cited them in my newest post. <br /><br />Any slowdown in Chinese demand is a fundamental driver. If the market thinks that the Chinese economy is slowing and that means less money available with which Chinese citizens can purchase gold, then it is a fundamental in the negative sense.<br /><br />You are only going to get ONE SIDE in reading the pro-gold web sites. That is not a recipe for profits. They are stuck on bullish and cannot get off of it no matter what happens. Markets change because perceptions change. If one fails to recognize that, they are never going to profit, NEVER.Trader Danhttps://www.blogger.com/profile/05484363461047659198noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-42095282279712901242014-04-15T08:51:03.599-07:002014-04-15T08:51:03.599-07:00The market is always right. Don't fight the ma...The market is always right. Don't fight the market.<br />If silver goes under 19 $, so be it, and trade accordingly, don't try to reason the market.<br />The time horizon you trade in is very important.<br />Practically noone understands you must watch several timescales and know which time scale you trade before you made a trading decision.<br />Gold's trend can be UP on the monthly scale, DOWN on the weekly scale, UP on the daily scale.<br />Traders can make money up or down in every market, depending what is their trading horizon.<br />Fundamentals tend to have an influence on prices on the very long term.<br />Not on the short term.<br />Especially not since most traders are technically driven hedge funds and algos following price momentum.<br />Dan explained this several times before.Anonymoushttps://www.blogger.com/profile/00335835171576180359noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-62580366588853942862014-04-15T08:45:42.614-07:002014-04-15T08:45:42.614-07:00It's not strongly bearish as long as 2day pitc...It's not strongly bearish as long as 2day pitchfork is not broken at the close (1287) or daily pitchfork at the close as well (around 1300), but the bad signs are gathering, especially impossible for bulls to reach the median of the pitchfork.<br />Another missed target...sign of weakness.<br />Still, the Bollinger Bands on the 2-day timescale could give us a range much smaller than the wide 1200-1400 we can witness on the longer time units.<br />The mlh inf of the Bollinger Bands on th 2day timescale is 1270.<br /><br />Conclusion (on the 2day time scale).<br />As long as mlh inf going upwards at 1287 holds, trend is up, but big warning signal as we couldn't make it to the median of the fork.<br />As long as 1270 bol inf holds, trend is neutral.<br />Below 1270, trend becomes bear once more.<br /><br />I'm opting for the 2day timescale now in some of my trading decisions.Anonymoushttps://www.blogger.com/profile/00335835171576180359noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-89287390464284393112014-04-15T08:37:40.114-07:002014-04-15T08:37:40.114-07:00Got it Right,
It is an art to show proudly to ev...Got it Right, <br /><br />It is an art to show proudly to everyone that you know nothing about how to trade.<br />I'm making the effort to post my trades LIVE from beginning to the end to try and show you how it's done, and why it works on the long run and helps generate profits, regardless where the market goes (because noone knows that indeed), but I think I'll give up if this is the kind of comments we get from it.<br />Pure waste of time.<br />I'm out another 1/3 of my long position at 1302 $, short-term.<br />Won't even bother to explain why anymore, as T.A is clearly useless for you.<br />Anonymoushttps://www.blogger.com/profile/00335835171576180359noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-28058240841907541662014-04-15T08:21:51.284-07:002014-04-15T08:21:51.284-07:00Dan You have to like how they predict the fall o...Dan You have to like how they predict the fall of gold by selling the equities the day before even though gold rises. it is sad but true, these markets are contrary to any logic. I trade equity stocks and have been duped on many occasions just like yesterday as the Gold was rising. More often then none, the plunge in share prices with no apparent reason very often predict a dump in the gold price following. I have seen it much too often to make it a sole coincidence. There are no fundamentals anymore in the precious metal sector whether it be physical or equities, strictly black boxes and chart reading...fundamentals are out the window no matter what Sinclair states. It is strictly treated as a trading vehicle and moneys are made, as you say, only by those that treated as such.Anonymoushttps://www.blogger.com/profile/03044411101465361515noreply@blogger.com