tag:blogger.com,1999:blog-1708908742323002823.post1350114249074823755..comments2024-02-10T02:18:27.240-08:00Comments on Trader Dan's Market Views: Silver Chart ( by Request)Trader Danhttp://www.blogger.com/profile/05484363461047659198noreply@blogger.comBlogger53125tag:blogger.com,1999:blog-1708908742323002823.post-59640468073092095552014-09-18T19:46:44.218-07:002014-09-18T19:46:44.218-07:00Bob;
SLV, in my mind, is not in quite the same le...Bob;<br /><br />SLV, in my mind, is not in quite the same league when it comes to GLD for this reason - the supply of silver is increasing faster than the supply of gold. That means SLV holdings may even go higher as the price of silver goes lower because the increase in demand is still INSUFFICENT to absorb the larger increase in supply which silver is experiencing. <br /><br />It still comes down to supply and demand.<br /><br />I do not think silver is going to go higher until the market sentiment changes towards inflation replacing that of the current "slow growth, no inflation" sentiment.Trader Danhttps://www.blogger.com/profile/05484363461047659198noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-85824288875476897822014-09-18T12:49:44.859-07:002014-09-18T12:49:44.859-07:00Jasper, if it is true, then I completely support y...Jasper, if it is true, then I completely support your point of view.<br />Good night for now, time to go to bed for me as well :)Anonymoushttps://www.blogger.com/profile/00335835171576180359noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-24901851406026736742014-09-18T12:44:29.822-07:002014-09-18T12:44:29.822-07:00Dan, can you comment on the SLV ETF and the like? ...Dan, can you comment on the SLV ETF and the like? You usually post remarks on the GLD but I would like to hear you opine on the Silver ETFs as well if you get a chance. Do you see investors unloading or accumulating etf shares as prices on Silver continue to fall (if they do)? thanksBobhttps://www.blogger.com/profile/11549367655220089014noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-86565281112998809412014-09-18T12:38:19.622-07:002014-09-18T12:38:19.622-07:00http://www.goldcore.com/goldcore_blog/Silver_Buyer...http://www.goldcore.com/goldcore_blog/Silver_Buyers_Keep_Stacking_And_Demand_Higher_Despite_Falling_Prices<br /><br />A shakeout is needed on the Silver etfs. Too many folks still holding on...<br /><br />Bobhttps://www.blogger.com/profile/11549367655220089014noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-10903363367594966182014-09-18T12:06:23.996-07:002014-09-18T12:06:23.996-07:00Dark Purple;
No worries, it is completely accurat...Dark Purple;<br /><br />No worries, it is completely accurate in its description of what has been occurring without ceasing.<br /><br />The only thing you left out was the Backwardation Claptrap, Negative GOFO rates, and "the taper isn't really a taper" because Belgium is the back door being used by the Fed to keep QE going.<br /><br />also, don't forget the "smart money is moving into the metals in big way right now".<br /><br />Sigh....<br /><br />The problem is that these Johnnie one notes cannot ever admit that they are wrong. Maybe people would stop wasting their time reading what they have to say or listening to their interviews ( not that anything new is ever said except for pushing the latest "gold is getting ready to head to the moon anyday now theory").<br /><br />Uninformed and gullible people, swallow this swill and then sadly, ACT ON IT and end up losing huge sums of money in the process sometimes wrecking their own families, marriages and careers as a result. <br /><br />It is a GOLD CULT. pure and simple....<br /><br />Trader Danhttps://www.blogger.com/profile/05484363461047659198noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-68105299528007670512014-09-18T12:04:50.104-07:002014-09-18T12:04:50.104-07:00The problem with Jim, Hubert, is bigger then wrong...The problem with Jim, Hubert, is bigger then wrong predictions. The problem is that Jim isnt honest cannot be trusted and privately does the opposite of what he recommends. He spreads false and misleading information about his company and actually lies and profits of it.<br /><br />He was recommending people to sell their pensions and buy gold and gold shares while selling himself. Thats sickening irresponsible.<br /><br />Jasperhttps://www.blogger.com/profile/03831704112998990130noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-29994945456968765352014-09-18T11:57:17.123-07:002014-09-18T11:57:17.123-07:00TD...I wrote the above on Sinclair and other's...TD...I wrote the above on Sinclair and other's before seeing your comment above.<br />Didn't mean to piggyback off your thoughts on JS.<br /><br />The Scottish results later and the effect on currencies should be interesting to witness later. <br />Should make for a very interesting market on Friday.DarkPurpleHazehttps://www.blogger.com/profile/06725074790604681185noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-7626416997344099612014-09-18T11:56:11.675-07:002014-09-18T11:56:11.675-07:00"How in the hell does he know that gold is go..."How in the hell does he know that gold is going to trade to over $2100 "when this experience is over"?"<br /><br />Absolutely Dan, and that's why I wrote :<br />"he is clearly not credible about any technical forecasts about Gold"<br />He completely lost his credibility about gold forecasts long ago, especially by promoting people like Bo Polny. So be it.<br /><br /><br /><br /><br /><br /><br />Anonymoushttps://www.blogger.com/profile/00335835171576180359noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-16559121968643509942014-09-18T11:35:54.864-07:002014-09-18T11:35:54.864-07:00Sinclair and all the other barkers out there can&#...Sinclair and all the other barkers out there can't stand the thought they were completely wrong and more or less ignorant how this might go.<br /><br />QE to infinity?<br />USD collapse imminent?<br />Stock market collapse?<br />Gold and silver shortage?<br />JPM "stuck" with a massive short position?<br />JPM with a massive long gold position?<br />They can't taper QE?<br />The taper isn't really a taper?<br /><br />All of the completely wrong (and continued!) ascertions by "the experts" are starting to resemble a pattern of behavior that is unbalanced to put it kindly.<br />Einstein had a famous quote about insanity and doing the same thing over and over expecting a different result.<br />I wouldn't call anyone insane for being short-sighted, thin-skinned or gullible because they're insecure and unable to acknowledge being wrong.<br /><br />It's always someone else's fault that the shills aren't right.<br />That's the re-ocurring theme over and over. Pretty sad.<br /><br />DarkPurpleHazehttps://www.blogger.com/profile/06725074790604681185noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-75651739367690695502014-09-18T11:25:44.956-07:002014-09-18T11:25:44.956-07:00Hubert;
I am not going to try to defend what Jim ...Hubert;<br /><br />I am not going to try to defend what Jim is doing but he needs to knock it off with his price and time predictions. He no more knows what gold is going to do next NOR where it is going to trade in price at some point in the future than the next guy. That he keeps doing that is simply wrong. <br /><br />How in the hell does he know that gold is going to trade to over $2100 "when this experience is over"?<br /><br />Define "experience". Is that a week, is it a month, is it a year or is it 5 years? There is no "experience" taking place' there is simply the view of the market that gold is not the place to park money due to current economic conditions ( no inflation, falling commodity prices, slowing global growth, strong Dollar. etc.).<br /><br />He makes it sound as it is just a matter of moments before the "experience" will be over. The "experience" has been going on ever since gold entered its current bear market when it broke below support at $1535. That is ALL THAT NEEDS TO BE SAID. Nothing about "experiences" "cycles", "manipulations" "short squeezes", etc.<br /><br />The more people refuse to look at what is front of their eyes when it comes to falling GLD inventories, falling TIPS spread, etc., the more they are susceptible to these sort of "based on nothing" prognostications about price and time.<br /><br />Gold is insurance. If you want to buy it for protection against monetary or geopolitical occurrences, that is just fine. Buy it and go about one's business knowing that they have it. But STOP with the damned, never ending price is "going to move higher" crap.<br /><br />He does not know nor does anyone else. And that is a simple fact.Trader Danhttps://www.blogger.com/profile/05484363461047659198noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-89778308253667666812014-09-18T11:11:28.913-07:002014-09-18T11:11:28.913-07:00Jasper,
Sorry but I don't interpret the mails...Jasper,<br /><br />Sorry but I don't interpret the mails as you do.<br /><br />" To abandon gold now to try and buy it cheaper in 60 to 90 days with the world of finance in the condition it is in, is in my mind MADNESS."<br /><br />I still concurr to that one.<br />Understand Jim is not talking to speculators or short term traders, but to eveyone so that they buy some gold, forget about it, in case of the worst. He is too pessimistic or worried or gloom, boom and doom, whatever you want to call it, because it didn't happen (Yet?), but on that point of view, he is only saying that gold is an insurance and that once you have it, you shouldn't resell it and jeopardize that insurance to try to buy it lower a few months later.<br />I'm sorry but I AGREE with this.<br /><br />"The price objective once this experience is over is $2100, and is where it will trade in time."<br />Once again, Jim is only trying to keep people who bought their gold not to sell it now at lower prices, and keep their insurance. He is not pushing people to buy more now, not pushing people to buy TRX stocks, and he says "once this experience is over", so he doesn't make a forecast about bottoms.<br /><br />I'm sorry, but I had the occasion to write a lot to the man, and he is not the evil incarnate you try to make of him. I don't know about TRX, he is clearly not credible about any technical forecasts about Gold, he advertised and promoted Bo Polny on his website, so for sure there are many things he did wrong and especially Bo Polny is a big bad one. But you don't need to try so hard to make the picture even darker. Sinclair is not Emperor Palpatine.<br />Anonymoushttps://www.blogger.com/profile/00335835171576180359noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-76483389046330098292014-09-18T10:45:55.215-07:002014-09-18T10:45:55.215-07:00I buy FOREVER STAMPS from the U.S. Post Office. T...I buy FOREVER STAMPS from the U.S. Post Office. They did well over the last decade. <br /><br />Are GOLD HOLDERS like Jim Sinclair even cancelling their insurance?<br /><br />I saw this coming when Ron Paul was needling Ben Bernanke in those hearings. The Federal Reserve has had the last laugh against precious metals now. They are forever a losing collection. <br /><br />Baseball cards may even be a better option.The News UNIThttps://www.blogger.com/profile/02597408419488351139noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-6289435229941554152014-09-18T07:21:46.251-07:002014-09-18T07:21:46.251-07:00Good stuff, PCB!
In other news, your "keep...Good stuff, PCB! <br /><br />In other news, your "keep frackin'" comment made me think of another developing meltdown, that of the DW drillers. The dividend addicts over on SA are frothing about "shares on sale!" "averaging down!" and all sorts of other nonsense to justify their continued holdings of these disasters-in-the-making. A LOT more money will be lost at sea before that sector turns around...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-5371431147520542792014-09-18T07:18:34.939-07:002014-09-18T07:18:34.939-07:00New lows for the move in GLD and GDXJ, new highs f...New lows for the move in GLD and GDXJ, new highs for the Dow.<br /><br />Poor Richard Russell.<br /><br />"Load up on GDXJ and walk away" - 2 years ago<br /><br />New highs in both Dow Transports and DJIA<br /><br />"It's all lies, propaganda, and manipulation!!!", LOL.....Markhttps://www.blogger.com/profile/13068811838777958318noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-3494352473481656432014-09-18T07:13:29.585-07:002014-09-18T07:13:29.585-07:00Understood. Thanks again for always responding.
C...Understood. Thanks again for always responding.<br /><br />Cheers!Anonymoushttps://www.blogger.com/profile/10366683894545649989noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-62161377919052105792014-09-18T07:04:17.159-07:002014-09-18T07:04:17.159-07:00thanks, Dan - so basically it sounds like you'...thanks, Dan - so basically it sounds like you're saying that you can't just buy the sugar and store it...<br /><br />that confuses me, but it's interesting nonethelessKid Dynamitehttps://www.blogger.com/profile/17475987512856310577noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-68134568313989759402014-09-18T07:04:04.753-07:002014-09-18T07:04:04.753-07:00Jim Silver;
I don't do much with silver Jim a...Jim Silver;<br /><br />I don't do much with silver Jim as it is too bulky. I do own some that I bought back in early 2002 but for insurance purposes I would rather own gold.<br /><br />If it looks as if inflation will become a serious problem down the road, I plan on obtaining some, in spite of the hassle of storing it, mainly because it will do well in an environment in which prices are soaring but for now, that is not in sight.<br /><br />As mentioned in some of my previous articles - while at some point the metals will forge long-term bottoms, that in and of itself does not mean that they will then immediately start soaring higher as so many of the gold and silver perma bulls wrongly assert. They could do exactly what they did for many years prior to 2001, they could essentially just meander sideways within a broad range.<br /><br />I do think one should own some however ( mainly gold) because it is insurance. Silver needs that inflationary scare however.Trader Danhttps://www.blogger.com/profile/05484363461047659198noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-81851869285182239032014-09-18T07:03:41.293-07:002014-09-18T07:03:41.293-07:00The only reason to own gold is for keeping assets ...The only reason to own gold is for keeping assets away from a SSN search. Owning gold as insurance is the most costly insurance policy one can possess. Having a currency outside the system is great. We will see gold bottom when we finally see gold holders en masse cancel their "insurance" policies.<br /><br />Hedge your gold. Simple....Eph 6:7https://www.blogger.com/profile/12432153510281295793noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-28275238500419772352014-09-18T07:03:15.746-07:002014-09-18T07:03:15.746-07:00You may want to pay attention to Trader Garret too...You may want to pay attention to Trader Garret too. He writes the "Market Pendulum" blog that is listed in Trader Dans blog list.<br /><br />http://marketpendulum.blogspot.nl/Jasperhttps://www.blogger.com/profile/03831704112998990130noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-21694205162859265322014-09-18T06:57:20.436-07:002014-09-18T06:57:20.436-07:00Mark,
All the names you've listed, I have to ...Mark,<br /><br />All the names you've listed, I have to admit, that I once looked up to...but I've concluded that Dan is the most reliable and trustworthy source for trading advice and Jim Rogers is the most reliable for long term views and perspectives on where the market is headed.<br /><br />Anyways, good job at exposing those guys for who they are, albeit it does seem repetitive. But perhaps, those that are still not convinced may still need to here it over and over again.<br /><br /><br />Anonymoushttps://www.blogger.com/profile/10366683894545649989noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-33255173121870038442014-09-18T06:46:24.815-07:002014-09-18T06:46:24.815-07:00Kid Dynamite:
I trade sugar only occasionally but...Kid Dynamite:<br /><br />I trade sugar only occasionally but what I can tell you is that October is the end of one marketing year and the March contract is the first one available for the next marketing year. In other words, they are two different year crops, a lot like August soybeans and November soybeans. The former is the old crop; the latter is the new crop.<br /><br />Both crops can have different sets of fundamentals.<br /><br />current year sugar has an oversupply compared to demand. That might have forced small planted areas leading to less supply down the road and thus the reason for the big spread in price.<br /><br />If I have some time I will get more details for you.<br /><br />Dan<br />Trader Danhttps://www.blogger.com/profile/05484363461047659198noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-39972306504599641882014-09-18T06:41:38.574-07:002014-09-18T06:41:38.574-07:00Hi Dan,
Just curious,...i recall that you've m...Hi Dan,<br />Just curious,...i recall that you've mentioned before that you own physical gold as an insurance policy. Do you buy or accumulate any physical silver at all? <br />Cheers and thanks for your posts and updates. Very helpful indeed! Anonymoushttps://www.blogger.com/profile/10366683894545649989noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-80496437380123848422014-09-18T06:41:33.139-07:002014-09-18T06:41:33.139-07:00A little morning humor...
https://www.youtube.com...A little morning humor...<br /><br />https://www.youtube.com/watch?v=wPvIrM7_2BUBobhttps://www.blogger.com/profile/11549367655220089014noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-7348640574668956602014-09-18T06:24:51.978-07:002014-09-18T06:24:51.978-07:00Period around the Fall Equinox has not been kind t...Period around the Fall Equinox has not been kind to Silver over the past 3 years...Sep 20-24.<br /><br />2013 (5.72%)<br />2012 (1.52%)<br />2011 (16.03%)Bobhttps://www.blogger.com/profile/11549367655220089014noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-8887713714043272672014-09-18T06:17:00.007-07:002014-09-18T06:17:00.007-07:00New lows for the move in gold and silver.
Golf Cl...New lows for the move in gold and silver.<br /><br />Golf Clap for 17 "acclaimed experts" who got it dead wrong for 3+ years now:<br /><br />Eric "Crybaby" King<br /><br />James "Belvedere" Dines<br /><br />"General" Jim Sinclair<br /><br />James "Bond" Rickards<br /><br />Bill "Wild Turkey" Murphy<br /><br />Rick "I'd Love To!" Rule<br /><br />Paul Craig "Moonshiner" Roberts<br /><br />Richard "Godfather" Russell<br /><br />Eric "The Billionaire" Sprott<br /><br />Stephen "Squeaky" Leeb<br /><br />David "Blue Hair" Stockman<br /><br />Egon "Egghead" Von Greyerz<br /><br />James "Month In, Month Out" Turk<br /><br />Michael "Screaming" Pento<br /><br />Peter "Smug Face" Schiff<br /><br />John "Squealer" Embry<br /><br />John "The Monk" Hathaway<br /><br />Ben "Prep School" Davies<br /><br />Markhttps://www.blogger.com/profile/13068811838777958318noreply@blogger.com