tag:blogger.com,1999:blog-1708908742323002823.post2205161244933790677..comments2024-02-10T02:18:27.240-08:00Comments on Trader Dan's Market Views: Gold Drifting towards Bottom of its RangeTrader Danhttp://www.blogger.com/profile/05484363461047659198noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-1708908742323002823.post-17158887927150641722013-02-13T09:58:03.182-08:002013-02-13T09:58:03.182-08:00WhiteWolf;
As requested buddy....
Dan
WhiteWolf;<br /><br />As requested buddy....<br /><br />Dan<br />Trader Danhttps://www.blogger.com/profile/05484363461047659198noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-22442898072789222762013-02-12T23:39:12.409-08:002013-02-12T23:39:12.409-08:00Yes, you are right. Commodity is the highly growin...Yes, you are right. Commodity is the highly growing market in India. The most traded commodity is Gold in India & is growing day by day at very fast pace. Apart from this, peoples are also investing more money in NCDEX Market. Every day new peoples are joining stock & commodity market. The one who trade wisely always earn money from trading. So always consult with <a href="http://www.tips.biz/" title="Commodity Tips Provider" rel="nofollow">Commodity Tips Provider</a> so that you can get experts advice for trading & can trade efficiently.Rakesh Kumarhttps://www.blogger.com/profile/16781390444774992864noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-57188455892038044022013-02-12T13:29:37.855-08:002013-02-12T13:29:37.855-08:00Dan,
I have limited charting capabilities on the...Dan, <br /><br />I have limited charting capabilities on the hui/gold beyond 3 years. It is absolutely amazing. Raio is sitting just above the 3 year low, with the RSI at 36. Do you have a chart of this ratio back to June 2008? I just want to gaze at it. I cannot believe how dead these unhedged miners are. The RSI has only briefly gotten over the 50 range once in late dec 2012 and early Jan 2013. It is like they (??) sucked all the air out of the miners. Is it the stall before the over heated stocks are nearing a waterfall, therefore the miners collapse further? or, since their is no more room to short miners and accumulate gold, therefore, just no buyers at all and no hedge fund interest? Could you please print a long term hui/gold (5 year chart) for me? I would be greatly indebted. If you dont get time, I still thank you for your light and all the work you provide for free. Monetary base continues to move north and the sheeple sleep. <br />2013-02-06: 2,820.133 Billions of Dollars St. Louis Adjusted Monetary Base (Basens)http://research.stlouisfed.org/fred2/series/BASENS?rid=79&soid=4 <br />Last 5 Observations <br />2013-01-23: 2,762.489 <br />2013-01-09: 2,710.809 <br />2012-12-26: 2,691.010 <br />2012-12-12: 2,696.904 <br />White Wolfhttps://www.blogger.com/profile/13965194184809848345noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-53505845462550509622013-02-12T11:00:11.687-08:002013-02-12T11:00:11.687-08:00Cannot help but feel that this dip is like the tid...Cannot help but feel that this dip is like the tide rolling out before the Tsunami. Earthquakes of Venezuela's currency reset, Argentina's price freezes/assault on newspapers, G-7 currency war summit, Putin's steely eyed purchase of Au, China's heaping, QE...and yet the gentle tide recedes. Baywatch guards Ben, Jamie, and Blythe say, "Water's Fine!"MDLGTOhttps://www.blogger.com/profile/15988611490410921827noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-41478451533322724062013-02-12T06:22:27.604-08:002013-02-12T06:22:27.604-08:00Mark - I can't get my head around this one. It...Mark - I can't get my head around this one. It made sense, in the Orwellian world we live in, when the Chairman of the Fed 1. chided Ron Paul and emphatically reminded rep. Paul that Gold is not Money 2. said "No More QE" (2 QEs ago!) and sent gold tanking. <br /><br />That the G-x has admitted to a currency war, has way of enforcing a truce, sent Gold tanking--that is Kafka-esque. MDLGTOhttps://www.blogger.com/profile/06636563285000423292noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-50231982194904893882013-02-11T13:13:49.078-08:002013-02-11T13:13:49.078-08:00Mark;
Absolutely agree with ya! No consequences,...Mark;<br /><br />Absolutely agree with ya! No consequences, no fallout, no repercussions whatsoever from unlimited "prosperity in a bottle". Everything we ever learned about the laws of supply and demand have gone out the window. The Austrian school and even the Chicago school of economics have been vanquished by the Keynesian money printers.<br /><br />Might as well enjoy the "prosperity" while it lasts....<br /><br />Trader Danhttps://www.blogger.com/profile/05484363461047659198noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-5324702269675008252013-02-11T13:02:20.568-08:002013-02-11T13:02:20.568-08:00Today is more "proof positive" that Cent...Today is more "proof positive" that Central Banking has gotten so easy, all that is needed is some "Pie-Holing".<br /><br />Heh, look at Yellen's comments which crashed gold. Or was it the G-7 Communique about competitive devaluations?<br /><br />It really doesn't matter, the hubris at the Fed and ECB must be over the top, those guys now know that inflation is whipped and they can print to infinity with no consequences whatsoever.<br /><br />If things get out of hand, all they need to do is "jawbone" their way out of the problem.Markhttps://www.blogger.com/profile/13068811838777958318noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-72174687327682730472013-02-11T09:55:39.732-08:002013-02-11T09:55:39.732-08:00How about that volume spike of 4800 contracts on t...How about that volume spike of 4800 contracts on the GC April Nymex Contract? Sounds like a someone is in a hurry to sell and doesn't care about the price... probably the same entity that has been bashing Gold for the last several weeks : http://cl.ly/MpijAGhttps://www.blogger.com/profile/02094544618090446119noreply@blogger.com