tag:blogger.com,1999:blog-1708908742323002823.post1088486610025436725..comments2024-02-10T02:18:27.240-08:00Comments on Trader Dan's Market Views: Copper Bounces but will it Hold?Trader Danhttp://www.blogger.com/profile/05484363461047659198noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-1708908742323002823.post-21724530955588138872013-08-08T02:25:24.672-07:002013-08-08T02:25:24.672-07:00In other words, a sort of uneasy truce between bul...In other words, a sort of uneasy truce between bulls and bears with bears banking on deflationary pressures to prevent sharp rises in price and bulls banking on lots of funny money to grease the tracks of the global<a href="http://www.eloboostlol.com/" rel="nofollow">buy elo boost</a><br /><a href="http://www.eloboostlol.com/" rel="nofollow">lol elo booster</a>wow9gamerhttps://www.blogger.com/profile/09731513959246327963noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-22621213425334180052013-04-27T19:59:24.242-07:002013-04-27T19:59:24.242-07:00Most barometers are broken.
Is copper still one?
T...Most barometers are broken.<br />Is copper still one?<br />The boys could decide to strike at the obvious support level of 300-310, just as they did with gold, for a short-term profit and no matter what happens next.<br />Didn't GS enjoy its 10% profit short on gold in a few days?<br />There must be a lot of stop losses waiting below 300 $ just as well...<br />What real significance would that have?Anonymoushttps://www.blogger.com/profile/00335835171576180359noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-81943655842426966432013-04-26T17:23:41.643-07:002013-04-26T17:23:41.643-07:00And parked in excess reserves at the Fed earning i...And parked in excess reserves at the Fed earning interest.Adamhttps://www.blogger.com/profile/13168631764851984431noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-4578928211307994342013-04-26T14:54:58.411-07:002013-04-26T14:54:58.411-07:00Arius;
Not necessarily Arius. We already have $85...Arius;<br /><br />Not necessarily Arius. We already have $85 billion a month from the Fed's QE and $74- $76 billion a month from the Bank of Japan's QE and the precious metals are not performing particularly well.<br /><br />If the Central Banks however were to do as you suggest and as I also think they might do, it might finally be the straw to destroy CONFIDENCE in the currencies that they preside over. That is the thing that will get the gold market moving higher. <br /><br />EVen with all this liquidity, people and businesses still must increase borrowing to get this money circulating through the economy and then turning over quickly enough to increase the VELOCITY of MONEY. That is what is needed to bring about inflation. Right now it is all ending up in the stock markets around the globe instead of doing anything especially productive.<br /><br />DanTrader Danhttps://www.blogger.com/profile/05484363461047659198noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-16878687872588205032013-04-26T14:46:00.886-07:002013-04-26T14:46:00.886-07:00If copper drops and if the central banks think tha...If copper drops and if the central banks think that their reflationary policies are failing then watch for renewed QE on steroids. This will be good for precious metals.Ariushttps://www.blogger.com/profile/11925730650755037497noreply@blogger.com