tag:blogger.com,1999:blog-1708908742323002823.post2997119458056325963..comments2024-02-10T02:18:27.240-08:00Comments on Trader Dan's Market Views: Return of the Status QuoTrader Danhttp://www.blogger.com/profile/05484363461047659198noreply@blogger.comBlogger43125tag:blogger.com,1999:blog-1708908742323002823.post-48552405566256355942013-09-21T12:55:58.605-07:002013-09-21T12:55:58.605-07:00These volumes were related to the index rebalancin...These volumes were related to the index rebalancing. Taking TRX for an example, funds that were short the share against the index covered when the stock got deleted from the index. Stocks that were added to the index were manipulated all over the place too before the index bought large volume at close. Jasperhttps://www.blogger.com/profile/03831704112998990130noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-23357231550185589202013-09-21T09:25:30.765-07:002013-09-21T09:25:30.765-07:00Hubert du Haut;
Very good analysis Hubert...did y...Hubert du Haut;<br /><br />Very good analysis Hubert...did you get the email I sent to you?<br /><br />Trader Danhttps://www.blogger.com/profile/05484363461047659198noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-51611096490156532102013-09-21T08:31:41.571-07:002013-09-21T08:31:41.571-07:00Endzeit;
When I say that the money is not moving ...Endzeit;<br /><br />When I say that the money is not moving into the system I mean the general economy. Most of it is either sitting in the "excess reserves" account at the Federal Reserve or is going into the equity markets. In other words, it is benefitting the big banks and Wall Street in general but not the populace at large which is watching its standard of living falling off the cliff while the equity markets make one new record high after another.<br /><br />I find it ironic that the Socialist in Chief, who prides himself on redistributionist policies and is the so-called "champion of the little guy", is presiding over a situation in which the Wall Street players are reaping enormous, once-in-a-lifetime profits while the little guys are becoming poorer and having their standard of living implode.Trader Danhttps://www.blogger.com/profile/05484363461047659198noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-10356476120534918132013-09-21T08:29:48.101-07:002013-09-21T08:29:48.101-07:00This bond buying plan is running perfectly. Even b...This bond buying plan is running perfectly. Even better than anticipated - from the globalists' point of view. They need to consolidate as much wealth as possible by the end of the decade when they get their thermonuclear war to wipe the slate clean.<br /><br />Why is it running so well? They have convinced us that they are stupid and do not know what they are doing. Dan is right in one sense, the only way inflation, velocity, and the economy can pick up, at least in nominal terms, is to give the people the money. But as long as the money stays in the financial shell, the globalists can pick up all the assets with this printed money and not be noticed. Like Bush, Sr. said, Trickle down theory, is trickle up reality - into ever righter, whiter, and tighter hands.<br /><br />The only way to make money is to buy and sell at a profit. Gold contracts are the best way. BTW - professionals trade gold from the short side 90% of the time - as I do. Price adjust more quickly on the down side, than from the long side. Plus the dumb money goes long and are easily scared. The dumb money doesn't know how to short. Jim Cramer talks about how to buy buy buy... Booyah!<br /><br />I waited Thursday evening for a spike to about 1370 to raise the basis on my short position to scalp from. it never even came close. First warning... It drifted to 1363, and flatlined all session and low volume - even for Hong Kong open at 9pm ET - second warning.<br /><br />I trade in New Mexico, which makes the time zones and my sleeping patterns even more of a pain (the mountains out here are beautiful from my window, where I trade for a living). <br /><br />The home run hitters trade futures, so they can trade 24 hours a day. The best action and setups take place while the average person sleeps. When I saw that for 4 hours Thurs-Friday overnight, gold could not regain 1360, despite watching it try time and time again, I knew it was going to be a bad day (good day for me). And rode 4 short dec contracts down, until I peeled off 2 when the fed mouthpieces started to talk at about 1335.<br /><br />I kept 1 into the weekend and bought the third back at 1328. Upshot - The official 1360 wall has now become the official 1325 floor. Look for a Sunday Night early lift, before any selling that may resume. If 1330 is taken out I may go long, depending on how early that number is taken out in the Sunday overnight session. If it takes hours and/or doesn't, look for the selling to resume. Gold and copper has actually held up the best post-FOMC announcement. Not only have I made money on this round trip, but have once again raised the cost basis on my physical - up to about 1800.<br /><br />If you want to make money in gold you need to trade like gold - 24 hours a day.Eph 6:7https://www.blogger.com/profile/12432153510281295793noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-51575032178595305532013-09-21T07:54:28.018-07:002013-09-21T07:54:28.018-07:00Hi end,
I fully agreed with you... I thought I wa...Hi end,<br /><br />I fully agreed with you... I thought I was one of the few who figure this out....<br /><br />Sneaky as it is .. <br /><br />CheerPreditor1976https://www.blogger.com/profile/13949210660675876231noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-67900832039556627132013-09-21T07:17:50.972-07:002013-09-21T07:17:50.972-07:00The volumes in GDX (96 million) and other gold sha...The volumes in GDX (96 million) and other gold shares were enormous. TRX alone did 9million, many others did massive volumes. What does it mean going forward? Considering Bullard made a wishy washy statement what precipitated this even bigger movement down just two days later? Concordhttps://www.blogger.com/profile/05015491360293136821noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-42374454536711663222013-09-21T06:48:02.110-07:002013-09-21T06:48:02.110-07:00This comment has been removed by the author.Preditor1976https://www.blogger.com/profile/13949210660675876231noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-85659160600922323412013-09-21T06:46:43.783-07:002013-09-21T06:46:43.783-07:00Hi,
I think we can't draw any conclusion on t...Hi,<br /><br />I think we can't draw any conclusion on the price action on day we have option future expire...<br /><br />The price zoom from 1300 -1370... meaning there is more short ( small trader side) then short get cover or liquidated then new long established then got liqudated on Friday... <br /><br />in trading there is only 2 side , right or wrong.. there is no'if'<br /><br />the movement of the market is making market more difficult to time... and i think it is because people who is trading is put their stop loss further away from their cost... that is no good for trader... and betting that trader is getting more loss then gain.<br /><br />JP mogan need to pay fine for manipulation and i betting that they will trying to cover their loss by taking from the market...<br /><br />Sometime I try to warn by posting position in the open blog,it is not doing me any good cause it will make me loss opportunity...anyway... since it is dan policy of no posting position here...I respect that..<br /><br /><br /><br />Cheer and take care..<br /><br /><br /><br /><br />Preditor1976https://www.blogger.com/profile/13949210660675876231noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-54632287191133034872013-09-21T04:56:23.139-07:002013-09-21T04:56:23.139-07:00P.S : on the bright side, seems it was 3 witches d...P.S : on the bright side, seems it was 3 witches day this friday. So I'm watching the 1300 $ support zone with a lot of interest. That's where we were when Fed "surprised" people (lol) by not tapering. If we have a trend reversal to the upside, seems to me that the minimum is that this area holds!!Anonymoushttps://www.blogger.com/profile/00335835171576180359noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-43604445886740442452013-09-21T03:49:26.427-07:002013-09-21T03:49:26.427-07:00Seems that gold can't sustain any rallye. As w...Seems that gold can't sustain any rallye. As with Syria and now with NO TAPER, the only thing I saw was a short-term rallye due to short-covering. As Dan said, where are the bulls? I'm once more disappointed by the drop back to 1325.<br />WEEKLY CANDLE CHART.<br /><br />http://i41.tinypic.com/25p7bxf.jpg<br /><br />- we are in this simple red bearish pitchfork. I'd feel more confident if we break the mlh sup.<br />- the MACD 9 20 7 is getting close to its propagation axis, and starts to reverse near it...not good.<br />- another indicator a friend trader gave me the other day (I’ll keep its name, the CDUR) is starting its cycle going down. It's a cyclical indicator, but it means that usually when it goes down, the pressure on prices is down on that price unit. So now is not a great time for bulls in terms of cycles on this time unit. In short CDUR is an indicator to follow the strength of a trend, its « momentum ». If we are in a bull trend and then prices only correct laterally when CDUR goes down, it’s pretty good. Else, be careful.<br />The median of the red weekly pitchfork and the lower Bollinger Band still give a possible target of 1220 $ <br /><br />On the daily time unit, there is a support at 1300 $ (price) down to 1285 (squeeze of Bollinger Bands on the 2 day candle chart). So maybe that area will prove solid enough to hold.<br />Conclusion : I'm neutral. There is support on a daily time unit but the weekly time unit looks to me rather bad . Short term is a mess because of recent FOMC news and scissors. Otherwise, prices are fleeting between support (1285-1300) and résistances (1375), so I will wait outside to see what happens.<br /><br />Imho if you trade, it's better to wait for the real opportunity than to "play" too much. Most of the time, trading means waiting and watching for the opportunity, not gambling crazy at each new candle. Dan is monitoring several markets covering all commodities. Means monitoring numerous market and wait for the best opportunity on some of them. There won't be an opportunity to trade every day in the gold market. I’ve done nothing since my profit taking above 1400 and then sell stop just under 1350 most of my remaining position. Wait and see for me.<br />Anonymoushttps://www.blogger.com/profile/00335835171576180359noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-14239081960162601172013-09-21T03:42:23.179-07:002013-09-21T03:42:23.179-07:00Hi Dan,
"It seems as if these people simply ...Hi Dan,<br /><br />"It seems as if these people simply cannot restrain themselves from yakking away whenever a microphone is present."<br /><br />I do not agree. I believe this is all by intention. They have been playing this for almost five years and still the markets do not recognize the game:<br />Throw on the printing presses and simulatanously claim that they could be stopped very soon.<br />To me this game became obvious, when they announced QE4ever with 85 bn per month while claiming that it could be stopped very soon. Then I recognized that it's all about the management of inflation expectations.<br /><br />"Obviously I am being facetious here but I think my point is made - most of this new money being created by the Fed is not moving into the system."<br />With all respect I do not agree, Dan.<br />The FED is buying the treasuries and therefore giving the bondholders that sell the bonds, this new money. This money is not used to make loans and create more credit money, but it is used to buy "what goes up". Therefore it was so important for the FED, to manipulate gold down, because otherwise equities wouldn't have been the only game in town.<br /><br />It's really that simple. But once the markets begin to recognize the central bankers game, that the FED cannot stop QE, then a hell will brake loose. They better be successful for ever now!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-27678245988164219352013-09-21T02:53:05.110-07:002013-09-21T02:53:05.110-07:00Kris,
The controllers of the printing press '...Kris,<br /><br />The controllers of the printing press 'QE' CBs and TBTF banks are here to help us 'THEMSELVES' and will continue until they are thrown in jail. As Hubert mentioned above that Zero percent money will 'IS' finding it's way into hard assets, using shorting in commodities and no doubt short selling of stocks and the like. It will continue until they own a large slab of the worlds hard assets. The only spanner in the works is China and Russia who are buying hard assets around the world also, so the race is on China and Russia have hard currency and trade surpluses the west have to print 'QE' to stay in the race. Gold is enemy numero uno of QE backed FIAT that is why it gets whacked constantly by the QE peddlers, it is the canary int he coal mine.rlmhttps://www.blogger.com/profile/12918742376497409998noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-40703177229332976312013-09-21T01:30:09.340-07:002013-09-21T01:30:09.340-07:00"Most of this new money being created by the ..."Most of this new money being created by the Fed is not moving into the system."<br />Bernanke is not stupid he exactly must knows that too. <br />But if he knows that the QE is not helpful for the wider economy why is he doing it?<br />Maybe for the same reason why Buffet is praising Bernanke for QE the owners of the FED are just as happy to pocket huge amount of money in the process.<br />Sounds crazy I know but why is 85 billions dollar created each months if it has no benefit to the economy whatsoever?<br />Well actually what can be any crazier at all than the Federal Reserve Bank of the world largest economy is owned by private investors? <br />krishttps://www.blogger.com/profile/14708228251692501582noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-22622607959574857512013-09-21T00:57:50.293-07:002013-09-21T00:57:50.293-07:00I just read an article in which Buffet was praisin...I just read an article in which Buffet was praising Bernanke how such a wonderful job he did with the QE. In the same article it was also mentioned that the price of Berkshire Hathaway doubled since 2009 and Buffet's personal wealth increased by 50 %.<br />Now we already knew that the QE is very beneficial for him and his like-minds but does this means that Bernanke made a wonderful job for the economy and larger population?<br />Buffet might be confusing the personal benefit with the benefit of the whole system... krishttps://www.blogger.com/profile/14708228251692501582noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-80483060697290843872013-09-21T00:45:47.500-07:002013-09-21T00:45:47.500-07:00Thanks rlm, your "Moon festival" is illu...Thanks rlm, your "Moon festival" is illuminating!<br />Markets are full of lunar ticks.<br />They can go full moon speed ahead or be naked shorted. <br />All attempts at photo documentation result in overexposure. michael3c2000https://www.blogger.com/profile/02603788929243707009noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-31579174862848842822013-09-20T23:52:21.893-07:002013-09-20T23:52:21.893-07:00Like gold, what doesn't kill that Junior will ...Like gold, what doesn't kill that Junior will make it stronger.<br />It's a classic case of not knowing one's own strength. When it does it'll look like an awkward freak scarier than The Hulk. Think what that will do to those whose paper chain is no stronger than their weakest link.michael3c2000https://www.blogger.com/profile/02603788929243707009noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-10691508073766881332013-09-20T23:51:49.131-07:002013-09-20T23:51:49.131-07:00Hello everybody,
Dan, about your question "w...Hello everybody,<br /><br />Dan, about your question "why the Fed communicates like this", my feeling is : <br /><br />1) They know for sure they can't taper.<br /><br />2) All the fuss about taper has one goal : help the dollar and symetrically of course, hit alternative safe havens such as gold. The end game is : help the dollar be strong, help the interest rates stay low, manage the huge US debt and deficit as long as possible.<br /><br />So, they do it over and over and over again...until one day it doesn't work anymore.<br /><br />3) They also know that this one day will come. And they are preparing themselves for it. They'll be mostly out of the system when it happens. They'll have a lot of physical gold stored outside the western banking system. Mere people will pay through inflation, confiscation, defaults. Gold prices will go up when they have enough of it. They'll get even much richer than now. Then we'll create a new monetary system, where the dollar will not be the only world reserve anymore, and they'll invest in something else. As you said : Wash, Rince, Repeat. No need to explain who is "they".Anonymoushttps://www.blogger.com/profile/00335835171576180359noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-46209108282470413642013-09-20T23:40:38.201-07:002013-09-20T23:40:38.201-07:00only short term unexperienced traders will get wip...only short term unexperienced traders will get wiped out, running after prices, like buying above 1365 two days ago.<br />Solution : <br />- trade on longer time units, where these "taper on" "taper off" news are just noise.<br />- on short-term time units, don't stay in position when the FOMC is coming :) Get out, wait and come back later.Anonymoushttps://www.blogger.com/profile/00335835171576180359noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-74012356965581164622013-09-20T23:38:55.612-07:002013-09-20T23:38:55.612-07:00This comment has been removed by the author.Anonymoushttps://www.blogger.com/profile/00335835171576180359noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-43934801060547055002013-09-20T23:12:26.498-07:002013-09-20T23:12:26.498-07:00Golds typical Friday move down again in the after ...Golds typical Friday move down again in the after real market, London PM fix at 1349.25 that's the price Gold actually settled at. TBTF again plumbing for shorts and going further long Gold in the thin paper markets, also Asia absent this past 2 days with the moon festival.rlmhttps://www.blogger.com/profile/12918742376497409998noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-82733718084530324742013-09-20T22:06:44.606-07:002013-09-20T22:06:44.606-07:00A note on the Gold / GDX since June bottom it'...A note on the Gold / GDX since June bottom it's up 16.0% versus DOW June low up 6.25% and there's plenty of QE pumping up the DOW. Also GDX 50DMA is below and moving up to cross the 200DMA, with the DOW the opposite 50DMA closing in to move below the 200DMA for what it's worth. Better to take the dive from the first floor than the top floor! rlmhttps://www.blogger.com/profile/12918742376497409998noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-69010041191658858782013-09-20T21:08:23.841-07:002013-09-20T21:08:23.841-07:00Hi Cedric,
Wow.. that will be great but rest a su...Hi Cedric,<br /><br />Wow.. that will be great but rest a sure the inflation will shoot through the roof..<br /><br />Good one but very dangerous...<br /><br />CheerPreditor1976https://www.blogger.com/profile/13949210660675876231noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-39412033259342505622013-09-20T20:59:34.163-07:002013-09-20T20:59:34.163-07:00Mark is a very smart guy who seems to have a real ...Mark is a very smart guy who seems to have a real axe to grind with gold but more directly its leaders or promoters as he calls them. <br /><br />I have to agree that the gold community with its knee jerk enthusiasm and full speed ahead everytime we get a good day or two seems delusional, which Mark spends way too much time sniping at with his sarcasm. As much as I don't like what he says he has been right and how much better would we have been off with being in the general stock market and out of gold. But ten years of being bailed out by a strong gold market every correction, we got complacent and believed what happened could not happen. And it did.<br /><br />Mark is still a gloater and shows little grace with his very carefully composed posts designed to irritate. I would never do it. But the guy is right and is just telling the facts. He has to know more people here are in gold than not yet he revels in miserable days like this. I listen to what he has to say and have to say the FED has outsmarted us to this point. When this turns is my concern as two more years of this will drive me batty and push me to sell and be out of when gold finally makes it move. That would be hard to take. Concordhttps://www.blogger.com/profile/05015491360293136821noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-45266344122755949672013-09-20T19:45:06.942-07:002013-09-20T19:45:06.942-07:00I suppose there are 2 sides to every issue, only I...I suppose there are 2 sides to every issue, only I just dont get the bearish case for gold other then that it is trading below some resistance levels. Thats the case. I think those that are long gold or those who bought on this last rally, and sold out today, will regret it for the rest of their lives.arniehttps://www.blogger.com/profile/17597016551120682781noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-32991230568935827382013-09-20T19:40:43.839-07:002013-09-20T19:40:43.839-07:00http://www.lewrockwell.com/2013/09/greg-hunter/war...http://www.lewrockwell.com/2013/09/greg-hunter/war-could-implode-the-financial-system/ Ex-GS banker lady not saying Keep calm and carry trade on...michael3c2000https://www.blogger.com/profile/02603788929243707009noreply@blogger.com