tag:blogger.com,1999:blog-1708908742323002823.post191671023969808586..comments2024-02-10T02:18:27.240-08:00Comments on Trader Dan's Market Views: Speculators Bearish Towards CopperTrader Danhttp://www.blogger.com/profile/05484363461047659198noreply@blogger.comBlogger37125tag:blogger.com,1999:blog-1708908742323002823.post-15358398687676746162014-09-13T14:14:22.523-07:002014-09-13T14:14:22.523-07:00No Dan, I don't own gold, physical or etf styl...No Dan, I don't own gold, physical or etf style, but I do like to maintain a core of miners and thus my interest in gold going up. There's not many sectors that can gallop to the upside like gold mining stocks when the conditions are right and there seems to always be at least one or two short lived rallies every year, so as long as I can discipline my self to cash out near the high, I will keep trading the miners. I keep a core of low cost producers for the insurance part.kjmhttps://www.blogger.com/profile/00302516280937449801noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-29164071517606861782014-09-13T11:59:04.272-07:002014-09-13T11:59:04.272-07:00Will do. I was living in AK for a while when work...Will do. I was living in AK for a while when working in the oil patch (the big oil patch) and enjoyed the seeing the Northern Lights.... The view is worth staying up for!Trinity traderhttps://www.blogger.com/profile/04724567191536534544noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-25868097290995699642014-09-13T11:52:34.328-07:002014-09-13T11:52:34.328-07:00Trinity;
Look for my post on this.... I have not ...Trinity;<br /><br />Look for my post on this.... I have not had a chance yet to get that up ( I was too busy trying to chase a view of the Northern Lights last evening ) but will soon...<br /><br />By the way, those weather forecast guys with their predictions of excellent viewing conditions in my area of the country for the northern lights should be hung, drawn and quartered. Every single person up this way that lost sleep staying up until 1:30 Am to see them, saw nothing! They were not even visible over here.Trader Danhttps://www.blogger.com/profile/05484363461047659198noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-220722577133902872014-09-13T11:17:44.102-07:002014-09-13T11:17:44.102-07:00Dan- looks like hedge funds are still long corn th...Dan- looks like hedge funds are still long corn this week. Is that what you are seeing in the COT?<br /><br />http://www.barchart.com/chart.php?sym=ZC*0&style=technical&template=&p=DN&d=X&sd=&ed=&size=M&log=0&t=BAR&v=0&g=1&evnt=1&late=1&o1=&o2=&o3=&x=44&y=11&indicators=COTLC(13369344%2C26112%2C153)%3BCOTDLC(13369344%2C26112%2C153%2C16750848)&chartindicator_1_code=COTLC&chartindicator_1_param_0=13369344&chartindicator_1_param_1=26112&chartindicator_1_param_2=153&chartindicator_2_code=COTDLC&chartindicator_2_param_0=13369344&chartindicator_2_param_1=26112&chartindicator_2_param_2=153&chartindicator_2_param_3=16750848&addindicator=&submitted=1&fpage=&txtDate&sh=150=#jumpTrinity traderhttps://www.blogger.com/profile/04724567191536534544noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-2746017541138934392014-09-13T08:54:31.805-07:002014-09-13T08:54:31.805-07:00M;
You are proof positive of someone who is delus...M;<br /><br />You are proof positive of someone who is delusional when it comes to understanding markets.<br /><br />Adios...<br /><br />I gave you a chance to show some humility and learn something.<br /><br />I am done with you at this site. all of your posts are to be subsequently deleted. One can not teach a fool wisdom.<br /><br />Trader Danhttps://www.blogger.com/profile/05484363461047659198noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-82029401381511374412014-09-13T04:34:16.844-07:002014-09-13T04:34:16.844-07:00"Not one iota of money is flowing out of phys..."Not one iota of money is flowing out of physical gold."<br /><br />That's a big assumption on your part that NO ONE has or is selling physical gold.<br /><br />How could you possibly know that as a fact?DarkPurpleHazehttps://www.blogger.com/profile/06725074790604681185noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-1263706503273608892014-09-13T04:33:22.216-07:002014-09-13T04:33:22.216-07:00This comment has been removed by the author.DarkPurpleHazehttps://www.blogger.com/profile/06725074790604681185noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-72679057274383007142014-09-12T22:38:28.978-07:002014-09-12T22:38:28.978-07:00If the markets knew anything, the Fed wouldn't...If the markets knew anything, the Fed wouldn't have had to bail Wall Street out. But they did. But now that they did that, a currency crisis is in the future. A currency crisis follows central bank balance sheet expansion like day follows night. This is a fact. There is no guess work here. <br /><br /> During that 10 year period of 1970-1980 the BoE increased it’s balance sheet (via the creation of money out of thin air) by some 300%. What effect did this have on the price of gold in the UK?<br /><br /> Gold went from £15 in 1980 to £371. This is a rise of 2500%.Now look at the Feds balance sheet. Tick tock tick tockMhttps://www.blogger.com/profile/14298632737279907377noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-36680553609034568172014-09-12T22:21:43.536-07:002014-09-12T22:21:43.536-07:00Not one iota of money is flowing out of physical g...Not one iota of money is flowing out of physical gold. <br /><br />Money is flowing out of wagers that the future of the price of gold will rise. And more people are wagering the price is falling. How much physical is changing hands ? Very little.Mhttps://www.blogger.com/profile/14298632737279907377noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-11629225165735925482014-09-12T20:08:40.573-07:002014-09-12T20:08:40.573-07:00M;
Why is it that you seem to love to argue with ...M;<br /><br />Why is it that you seem to love to argue with the markets...?<br /><br />It is about interest rate differentials.I have written about this so many times I have lost count. Money flows to where it obtains the best yield. The Eurozone is moving rates lower; The dollar zone is being prepared for higher rates. Whether we actually get those is an entirely different matter but it is sentiment which moves markets.<br /><br />None of that stuff you mentioned means anything when it comes to trading currencies.<br /><br />Why can you simply not just come here and learn something instead of arguing and being so bullheadedly wrong?<br /><br />As far as gold going up when interest rates rise, that too is incorrect. Gold goes up when REAL INTEREST rates are falling. If the rate of inflation exceeds the return on risk free government Treasuries, then gold will rise. If not, gold will move lower when interest rates rise because the metal is a dead asset that pays no dividend. <br /><br />That is not a difficult concept to grasp.<br /><br />Trader Danhttps://www.blogger.com/profile/05484363461047659198noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-39744614898566423042014-09-12T20:03:51.089-07:002014-09-12T20:03:51.089-07:00kjm;
it is about money flows... money is flowing ...kjm;<br /><br />it is about money flows... money is flowing out of gold and the precious metals in general. Look at what is happening with copper and with palladium as well.<br /><br />It sounds like you are still long gold? Why? The chart is not telling you to be long.<br /><br />Owning the physical metal is one thing but I hope you are not long at the Comex or in GLD.<br /><br />Trader Danhttps://www.blogger.com/profile/05484363461047659198noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-52931222691009728792014-09-12T19:20:22.748-07:002014-09-12T19:20:22.748-07:00Who are we trying to kid here guys, deflation look...Who are we trying to kid here guys, deflation looks to have taken hold again around the world as QE ends as Dan's charts show, so the choices look to be quite obvious don't they?<br /><br />Its Print more money or deflate. Is this incorrect?<br /><br />Right now the US Fed is tapering as other countries are printing or easier, so US dollar is stronger.<br /><br />Its just musical chairs between what country can print the most to devalue their currency it would seem.<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-21299549556918305012014-09-12T19:09:15.453-07:002014-09-12T19:09:15.453-07:00Professionals DO NOT MAKE PREDICTIONS; they read t...Professionals DO NOT MAKE PREDICTIONS; they read the market and attempt to discern what it is saying.<br /><br />How to do this????????????shyamhttps://www.blogger.com/profile/01130308162425586068noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-21899051101030997582014-09-12T18:41:11.442-07:002014-09-12T18:41:11.442-07:00Dan, I am not bullish. The short-term picture look...Dan, I am not bullish. The short-term picture looks bad and the medium term I simply don't know. I am merely cautioning that the markets can be highly unpredictable, and just when you think you are on a cert, it comes round violently and slaps you in the face. I just sense (call it a hunch if you will and probably quite meaningless) that something rather nasty is about to happen.Anonymoushttps://www.blogger.com/profile/14350770008155145049noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-66919882249640868602014-09-12T18:39:59.735-07:002014-09-12T18:39:59.735-07:00Just about everyday you can read about gold droppi...Just about everyday you can read about gold dropping because of rising interest rate fears. But wouldn't this be factored in by now..........why do they keep using this same reason every friggin' day???kjmhttps://www.blogger.com/profile/00302516280937449801noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-38402990803060081642014-09-12T18:35:59.940-07:002014-09-12T18:35:59.940-07:00Lots of copper coming onstream from smaller mines ...Lots of copper coming onstream from smaller mines and the big one in Indonesia is back in play after tax negotiations with the gov't.<br />Also zinc, which the analysts have been very bullish on is going to lose the galvanized metal market in the auto ind. as trucks and suv's go to aluminum bodies.kjmhttps://www.blogger.com/profile/00302516280937449801noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-29734123632680358212014-09-12T18:30:34.179-07:002014-09-12T18:30:34.179-07:00The Eurozone is a net creditor with no trade defic...The Eurozone is a net creditor with no trade deficit. The ECB has expanded it's balance sheet by 11% since 2008. Fed is 70%. The EZ has 10,000 tons of gold. <br /><br />The Dollar is not the cleanest dirty shirt clearly. But we have to let this play out like usual Mhttps://www.blogger.com/profile/14298632737279907377noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-20538783022679929082014-09-12T17:47:36.380-07:002014-09-12T17:47:36.380-07:00Mark;
US Dollar strength has confounded the gold ...Mark;<br /><br />US Dollar strength has confounded the gold perma bulls for some time now. They keep forgetting that the Dollar looks good when you compare it to the Euro, or the Yen, or for that matter, the Pound, if for some strange reason the Scots vote to secede.<br /><br />The US is still the best place for money flows right now.Trader Danhttps://www.blogger.com/profile/05484363461047659198noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-43871082511045817342014-09-12T17:45:54.793-07:002014-09-12T17:45:54.793-07:00Elijah;
They are still way too many would be bulls...Elijah;<br />They are still way too many would be bulls in gold....<br /><br />Trader Danhttps://www.blogger.com/profile/05484363461047659198noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-9423536532975837652014-09-12T17:44:41.796-07:002014-09-12T17:44:41.796-07:00Peter Dykes;
I am at a loss to explain why you ar...Peter Dykes;<br /><br />I am at a loss to explain why you are you bullish on the precious metals? They are grinding lower in a sideways to lower market. As far as a mature trend, neither one is in what I would call a sharp downtrend at the moment but rather a grinding move lower.<br /><br />Make the case for a much weaker Dollar and the immediate concern shifting to fears of inflation and see if you can convince me.<br /><br />For now, the charts point lower. There is no reason to buy either gold or silver based solely on the charts or on the fundamentals. <br /><br />If things change, perhaps we can be astute enough to pick up on that.<br /><br />Trader Danhttps://www.blogger.com/profile/05484363461047659198noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-76786053044428268492014-09-12T17:40:46.903-07:002014-09-12T17:40:46.903-07:00If USDX can stay capped at 85 then I'd say we ...If USDX can stay capped at 85 then I'd say we have a 65% chance of a vicious rally in PM's along with copper.<br /><br />How far it goes I have no clue. What triggers it I have no clue.<br /><br />But I'm putting my money with Dan and will proclaim "This is It! and It is Now for copper!", LOL.....Buy SCCO and FCX early next week.<br /><br /><br />If USDX gaps up and blows past 85 and gold goes even lower, then all bets are off.Markhttps://www.blogger.com/profile/13068811838777958318noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-53583947050875250922014-09-12T17:39:42.306-07:002014-09-12T17:39:42.306-07:00Trillions and trillions of dollars printed to try ...Trillions and trillions of dollars printed to try and create inflation and what does the Fed get as they taper it down but deflation again.<br /><br />Either the Fed gives up and lets deflation win or the Fed is going to print more money then Bernanke ever did to try and create lasting inflation.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-36137212500779798972014-09-12T17:34:00.017-07:002014-09-12T17:34:00.017-07:00Gold chart and trading action is eerie of 1976 whe...Gold chart and trading action is eerie of 1976 when gold made it's bottom:<br /><br />http://goldbugreport.wordpress.com/2014/04/10/is-history-repeating-today-like-1977/The Prophet Elijahhttps://www.blogger.com/profile/04786387211895954719noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-28395904701911528402014-09-12T17:28:57.619-07:002014-09-12T17:28:57.619-07:00M, the crash came post WW1 and into the 20's f...M, the crash came post WW1 and into the 20's for commods; actually the horrible Dust Bowl contributed to rallying prices for the grains and so forth, along with stks which bottomed in '32Anonymoushttps://www.blogger.com/profile/15820220635483947518noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-72120065897571344342014-09-12T17:26:23.824-07:002014-09-12T17:26:23.824-07:00Mike, http://www.investmenttools.com/futures/bdi_b...Mike, http://www.investmenttools.com/futures/bdi_baltic_dry_index.htm<br /><br />Ldn shipping ratesAnonymoushttps://www.blogger.com/profile/15820220635483947518noreply@blogger.com