tag:blogger.com,1999:blog-1708908742323002823.post1607339974148771425..comments2024-02-10T02:18:27.240-08:00Comments on Trader Dan's Market Views: Wild Volume in Overnight Gold TradeTrader Danhttp://www.blogger.com/profile/05484363461047659198noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-1708908742323002823.post-43989402783584222282014-11-07T10:01:34.792-08:002014-11-07T10:01:34.792-08:00I have argued markets are broken for years, mostly...I have argued markets are broken for years, mostly due to HFT algos and greedy exchanges providing volume incentives which are counter to the interests of the companies listed. But I also recognize and acknowledge the interventions in markets (not just the gold market) by NY Fed and others nudging things here and there, its like things go bump in the night. The very odd actions at illiquid times do serve a duo purpose for sure. It's all part of same picture making risk assessment very difficult and technical charts almost useless leading to mal-investment of very large proportions. This is the most risky market I have ever seen and profits tend to be very fleeting with even very large hedgies having a hard time making money and many old traders simply have folded their tent as trying to use fundamentals and technicals is almost impossible. One good signal that still holds some water is capital flows but you better be quick and nimble which few are. I know very few successful traders these days and most that suggest they are simply not telling the truth as traders tend to do.Anonymoushttps://www.blogger.com/profile/15410925689792057907noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-28853921253696897862014-11-07T06:51:19.729-08:002014-11-07T06:51:19.729-08:00Just out on Seeking Alpha.
Ana analysis of GG co...Just out on Seeking Alpha. <br />Ana analysis of GG cost to mine gold $1200 or so. <br /><br />What is interesting is the summation that the current price is too low. <br /><br />GG is likely near cash cost now and needs to cut back something or go BK. Mike Ehlerthttps://www.blogger.com/profile/03796788820435662856noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-31811270254573899362014-11-07T06:41:00.555-08:002014-11-07T06:41:00.555-08:00This comment has been removed by a blog administrator.Paper puppethttps://www.blogger.com/profile/07740584680156067394noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-32937398951096606912014-11-07T06:19:42.543-08:002014-11-07T06:19:42.543-08:00Thanks for the reply Dan. Why was silver halted th...Thanks for the reply Dan. Why was silver halted this morning? It jumped all the way to 16, then halted, then promptly fell back. I didn't think the pms traded with limit up like the grains.TheGilliomhttps://www.blogger.com/profile/15683076214137118915noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-62279502869704156902014-11-07T06:17:26.257-08:002014-11-07T06:17:26.257-08:00Gilliom;
tremendous amount of short covering taki...Gilliom;<br /><br />tremendous amount of short covering taking place on the heels of that payrolls report.. plus it is the weekend and gold bears have cleaned up this week. Profit taking by bears in gold, euro and some in the yen..<br /><br />I suspect this rally will be a short lived one but we will see...Trader Danhttps://www.blogger.com/profile/05484363461047659198noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-56777256241528653232014-11-07T06:12:47.924-08:002014-11-07T06:12:47.924-08:00Question is, how much was short covering vs new bu...Question is, how much was short covering vs new buyingTheGilliomhttps://www.blogger.com/profile/15683076214137118915noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-54816071846834641012014-11-07T05:38:28.744-08:002014-11-07T05:38:28.744-08:00Don't we just love the currency action > th...Don't we just love the currency action > these Friday numbers?Anonymoushttps://www.blogger.com/profile/15820220635483947518noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-57817967004184263702014-11-07T02:21:09.093-08:002014-11-07T02:21:09.093-08:00I would guess your pointing to GMO crops?
BUT - B...I would guess your pointing to GMO crops? <br />BUT - BT cotton has been a boon for India, making it the 2nd largest grower in the world + more than making up for its price in reduced pesticide costs. <br /><br />Fascinating, in my opinion aside. Genetic engineering's horizontal gene transfer mimics the natural process of endosymbiosis: <br />http://evolution.berkeley.edu/evolibrary/article/_0_0/endosymbiosis_04<br /><br />MDLGTOhttps://www.blogger.com/profile/15988611490410921827noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-78306526669853069942014-11-07T01:01:03.703-08:002014-11-07T01:01:03.703-08:00Computer versus Computer using those special progr...Computer versus Computer using those special programs to make fractions of profit with microsecond trading. After the dusts settles, the trend continues.<br /><br />The SEC allowed speculators to bet on foodstuffs. The Supreme Court allowed patents on foodstuffs. Congress stands idly by doing nothing so there is no rule of law to worry about. What do you expect to happen?<br /><br />Should be a good bounce soon in metals and miners as the bargain hunters never give up. Then back down within a 60 day time period.<br /><br />Watching Russia meltdown is a real hoot. In the background, I wonder if Poohin and China pegged their exchange rate agreement to the US$. You have to have a standard to measure against or you are going to be giving your products or your country's natural resources away.<br /><br />The US$ rising will slow overseas buyers of US products except maybe food. Ya gotta eat. Keeping warm may not be so costly this winter.anonymoushttps://www.blogger.com/profile/13458537409932488443noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-48038277557655104832014-11-06T23:44:55.735-08:002014-11-06T23:44:55.735-08:00FYI :
I'm out :
- 1/3 of my gold short positi...FYI :<br /><br />I'm out :<br />- 1/3 of my gold short position at 1134 (we reached 1131, for me we touched the support area I was mentioning yesterday, it's enough for me to take some profit as I won't have the opportunity to watch / monitor prices throughout the day)<br /><br />- 50% of my silver short position at 15.20. Not on a technical support I saw, but rather because we were at 18 so recently...this is practically a 20% drop. Huge. So I'm happy with the move and I prefer to secure some gain right now.<br /><br />- 50% on Eur Usd short. Because we bounced on the expected support area exactly, at 1.2375 and the MACD 1 hour crossed higher.<br /><br />I keep some short because the trend longer terms is still there.<br />As Dan mentioned, my idea is to wait for a rallye to add up to the short position. So of course, gotta make a profit and get rid of some short position at some time, and it seemed to me to be a good time for that.<br /><br />Have a nice day all,Anonymoushttps://www.blogger.com/profile/00335835171576180359noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-57657286988203197812014-11-06T23:25:59.480-08:002014-11-06T23:25:59.480-08:00Same in Silver. looks like a well executed trap tr...Same in Silver. looks like a well executed trap trapping the latest bunch of shorts at the lowsBullets Beans and Bullionhttps://www.blogger.com/profile/09446576325823160374noreply@blogger.com