tag:blogger.com,1999:blog-1708908742323002823.post2363772391789011333..comments2024-02-10T02:18:27.240-08:00Comments on Trader Dan's Market Views: Monthly Gold ViewTrader Danhttp://www.blogger.com/profile/05484363461047659198noreply@blogger.comBlogger61125tag:blogger.com,1999:blog-1708908742323002823.post-17983728845696511092014-06-09T23:40:18.720-07:002014-06-09T23:40:18.720-07:00The whole analysis you have done can help the trad...The whole analysis you have done can help the traders to choose appropriate <a href="http://www.goldtradingtips.in/" rel="nofollow">Gold Trading Calls</a>.Anonymoushttps://www.blogger.com/profile/02455776905537864361noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-33195679656405379472014-03-18T09:56:22.579-07:002014-03-18T09:56:22.579-07:00This is MK from Hong Kong, China. I have been a lo...This is MK from Hong Kong, China. I have been a long term reader of your blog and remain to be the silent majority. With such a great post that adds great value to the PM community, I have to click the post comment button and say a big THANK YOU.lmkhttps://www.blogger.com/profile/09217411575108913213noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-34083886305495632742014-03-17T21:36:32.388-07:002014-03-17T21:36:32.388-07:00another absolutely brilliant analysis, many thank...another absolutely brilliant analysis, many thanks27 tradeshttps://www.blogger.com/profile/09415872667469223175noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-30077851414734478912014-03-17T20:31:18.332-07:002014-03-17T20:31:18.332-07:00tom Wilson;
to be perfectly honest with you Tom, I...tom Wilson;<br />to be perfectly honest with you Tom, I would prefer to see a final washout occur which actually moves the hedge funds to an overall net short position and then, after that, get a good solid technical buy signal on the intermediate and longer term charts.<br /><br />Whether or not we get that is unclear however. Ever since the Dollar started losing its luster ( this year) gold has responded as expected. If the Dollar cannot kick away from support here, it is likely that gold is going to stay well supported. <br /><br />We need to see what the US economic data is going to look like here as the weather issues should soon be fading with the advent of more seasonable weather ( hopefully soon) and then perhaps we can get a true picture of what the economy is really like. <br /><br />If the focus shifts back to US interest rates, and if those begin to creep higher, I think gold is going to struggle. If interest rates stay soggy like they currently are, gold will garner buying support.<br /><br />It is anyone's guess right now... I am just watching the charts trying to read the events and reactions....Trader Danhttps://www.blogger.com/profile/05484363461047659198noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-69985823591344400502014-03-17T20:26:52.943-07:002014-03-17T20:26:52.943-07:00Silverlady;
I use 14 for the longer term charts b...Silverlady;<br /><br />I use 14 for the longer term charts but you can tweak it or "optimize" it and see if you can get a closer fit. ON the longer term charts, I tend not to do that very often however.<br /><br />Trader Danhttps://www.blogger.com/profile/05484363461047659198noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-68006879490084982492014-03-17T19:47:00.308-07:002014-03-17T19:47:00.308-07:00Wow, I noticed the complete destruction of MUX and...Wow, I noticed the complete destruction of MUX and TRX today. Hard to believe that TRX can barely hold $2.50 price, I remember it was $9.00 about 6 years ago when gold was around $700.<br /><br />On the other hand, check out Chipotle and Green Mountain Coffee, unreal runs the last 5 years.Markhttps://www.blogger.com/profile/13068811838777958318noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-79266609182242417862014-03-17T19:43:16.493-07:002014-03-17T19:43:16.493-07:00Exactly, take your profits now and wait for the ne...Exactly, take your profits now and wait for the next extreme low.<br /><br />I think DUST will be a great trade for a couple of monthsMarkhttps://www.blogger.com/profile/13068811838777958318noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-29901719945095288962014-03-17T19:23:54.805-07:002014-03-17T19:23:54.805-07:00Plus this rally is getting long in the tooth, Fed ...Plus this rally is getting long in the tooth, Fed is expected to continue tapering this week which won't bode well for a toppy bear rally.<br />JMOThe Prophet Elijahhttps://www.blogger.com/profile/04786387211895954719noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-10081758947715409672014-03-17T19:20:38.522-07:002014-03-17T19:20:38.522-07:00When it comes to gold it's always a sell on th...When it comes to gold it's always a sell on the news. Once shots went of in Afghanistan and the Gulf Wars gold plunged and the dollar drew attention back. Buyer beware gold has a destiny with $950 first.The Prophet Elijahhttps://www.blogger.com/profile/04786387211895954719noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-40557650851834991602014-03-17T17:30:07.944-07:002014-03-17T17:30:07.944-07:00WOW!!! Every non Gold Bug is still very very beari...WOW!!! Every non Gold Bug is still very very bearish. Today made them salivate. Sadly they are still very, very early on any type of sustainable decline. <br /><br />Amazing how many can be stuck in the past. 2014 is NOT 2013 lol<br /><br />CheersAnonymoushttps://www.blogger.com/profile/16549097600085797489noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-57542792738179514542014-03-17T14:29:29.441-07:002014-03-17T14:29:29.441-07:00no problem man .. one has to be very careful with ...no problem man .. one has to be very careful with what one says these days ..! FOMC week plus triple witching on friday .. perfectly understandable time to see a correction .. thanks , lets see where this beast takes us the next couple of weeks . Best , etc Anonhttps://www.blogger.com/profile/01595034035769200702noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-33829023672183024142014-03-17T14:07:38.303-07:002014-03-17T14:07:38.303-07:00Right- sorry, shouldn't have said manipulation...Right- sorry, shouldn't have said manipulation and certainly didn't mean you. Glad you made a killing-it's been a good Q1, volatility has been on the juniors' side. Good luck. MDLGTOhttps://www.blogger.com/profile/15988611490410921827noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-31841832931144897122014-03-17T13:18:10.742-07:002014-03-17T13:18:10.742-07:00MDLGTO ,
Did I say manipulation ?? I am only sayi...MDLGTO ,<br /><br />Did I say manipulation ?? I am only saying that whomever decided to have a go , take profits off of gold today , you know buy the rumour sell the fact … whomever , the hedgfunds , the investors , etc , decided to make sure they put some shorts on the miners… I never said manipulation , I don't believe markets are always manipulated , only last April they were . Thats all , I have gone through it a while ago , no need to talk about it again . All I am saying is that we all muppets , thats all . I am glad MUX selling off , I am in cash and want to get back in , may get burned next time ! but not this time , this time I made a killing with MUX and with LSG , with LSG a pornographic amount of money … Now I am out , I am still in TRX , but that I am holding for my pension , and I am middle aged . Lets see where the market takes us . Good luck to you all , shorts are finally getting the sell off we were all waiting for … its been a while , I think we need to work the 1360 1375 range a little while to move higher , if not , well , we should go down 1340 1310 , and then below , 1280 etc … every one knows the numbers by now . Not manipulation today … profit taking and shorts having a go … haha and i am a gold bug and proud ! Anonhttps://www.blogger.com/profile/01595034035769200702noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-26309504209701695042014-03-17T12:56:09.939-07:002014-03-17T12:56:09.939-07:00Mark, did you notice that some KWN "experts&q...Mark, did you notice that some KWN "experts" have graduated from 40-year to 50-year "seasoned veterans"? This is like Gandolf the Gray becoming Gandolf the White. I guess in a few years there will be 60 plus-year senile experts who forgot they were mostly wrong.Abraxashttps://www.blogger.com/profile/17197404330070459811noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-47741366066458780892014-03-17T12:32:45.230-07:002014-03-17T12:32:45.230-07:00Anon - funny how no one cries manipulation when MU...Anon - funny how no one cries manipulation when MUX went up 25% in four trading days last week, right up to fall 2012 resistance levels. MDLGTOhttps://www.blogger.com/profile/15988611490410921827noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-17757957454462117632014-03-17T12:14:16.577-07:002014-03-17T12:14:16.577-07:00Hilarious.
Only hours after various "end of ...Hilarious.<br /><br />Only hours after various "end of the world" calls for a market crash and soaring gold prices, gold and GDX is once again suffering from the risk of a "terrifying collapse".<br /><br />Time and time again the gloom and doomers get the rug pulled. Yet they still have a huge following and make millions dispensing advice and forecasts which are constantly wrong.<br /><br />Hey, I wanna become an "acclaimed expert" so I can hawk some doom and gloom as well and sell newsletters at $10/mo. to over 250,000 subscribers.<br /><br />And I'd also love to run a fund whereby I fleece the frightened lambs by screeching about a market crash and exploding gold prices, only to take the exact opposite trade in my own account.<br /><br />Wow, never believed that being a permagloomer was do easy and so profitable.Markhttps://www.blogger.com/profile/13068811838777958318noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-23061696409612350752014-03-17T12:12:15.056-07:002014-03-17T12:12:15.056-07:00This comment has been removed by the author.Markhttps://www.blogger.com/profile/13068811838777958318noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-29844391779438466412014-03-17T11:02:40.173-07:002014-03-17T11:02:40.173-07:00i will start getting involved again at 1340 1310 …...i will start getting involved again at 1340 1310 … i am trading equities , will put some bids just below the gaps , tight stop losses , see what happens Anonhttps://www.blogger.com/profile/01595034035769200702noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-3820901035661569172014-03-17T10:45:36.051-07:002014-03-17T10:45:36.051-07:00Anon,
It does not make any sense, does it? Goldfis...Anon,<br />It does not make any sense, does it? Goldfish are said to have 2 second short term memory and ours seem to be getting there in a hurry.Abraxashttps://www.blogger.com/profile/17197404330070459811noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-4576102254421500262014-03-17T10:43:16.716-07:002014-03-17T10:43:16.716-07:00Anon, I meant what lies below $1180 should the gol...Anon, I meant what lies below $1180 should the gold fall through that level.<br />Thanks man,<br /><br />AAbraxashttps://www.blogger.com/profile/17197404330070459811noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-19001832673997233282014-03-17T10:40:46.990-07:002014-03-17T10:40:46.990-07:00i love it though .. mux opens down 10% on 4 millio...i love it though .. mux opens down 10% on 4 million shares , just to see half an hour later a sell off in gold … we really are muppets … well , more mux for the buck ! like Dan says play along !Anonhttps://www.blogger.com/profile/01595034035769200702noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-28057170489361734412014-03-17T10:36:15.547-07:002014-03-17T10:36:15.547-07:001340 13101340 1310Anonhttps://www.blogger.com/profile/01595034035769200702noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-23028242756116150972014-03-17T09:24:52.876-07:002014-03-17T09:24:52.876-07:00Bob, you are exposing yourself to wrath of "G...Bob, you are exposing yourself to wrath of "Gold can only go up unless manipulated" sect. You might get insulted for your ignorance, gullibility, and outright collusion with the devil.<br />Seriously, thanks for your post. $890 seems crazy to me at this point, but so did $1190 when gold was above $1900. <br />Could someone let me know where is the next downward resistance point if the gold goes below $1180? ThxAbraxashttps://www.blogger.com/profile/17197404330070459811noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-34194191541141546562014-03-17T07:58:23.675-07:002014-03-17T07:58:23.675-07:00So very true Hubert - and unfortunately in the wor...So very true Hubert - and unfortunately in the world of trading the tuition for beginners is paid as lessons learned the hard way. Many traders, as Dan emphasizes, get blinded by their point of view, when the market is saying something else entirely. The charts don't lie - some just refuse to see that and stay stagnant as beginners indefinitely by failing to read changes in market sentiment. Lets hope we all get better and keep open minds in this game!Syncubatehttps://www.blogger.com/profile/01971209693089750050noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-42179263076726500442014-03-17T07:48:01.601-07:002014-03-17T07:48:01.601-07:00I would encourage all to focus on the .618 fib ret...I would encourage all to focus on the .618 fib retracement level (Not shown in Dan's chart) for Gold. That number is about $890 the ounce. I concur with Dan this is a bull move in a big bear downtrend for Au. We need a major washout to occur (ala April 2013) but bigger to expel the remaining bulls. Only then can we move higher as I doubt major geopolitical or economic events will be a factor in the resumption in the bull market for Gold. It will be purely sentiment driven.Bobhttps://www.blogger.com/profile/11549367655220089014noreply@blogger.com