tag:blogger.com,1999:blog-1708908742323002823.post3179783312278924936..comments2024-02-10T02:18:27.240-08:00Comments on Trader Dan's Market Views: Another Eureka Moment for the Gold BugsTrader Danhttp://www.blogger.com/profile/05484363461047659198noreply@blogger.comBlogger60125tag:blogger.com,1999:blog-1708908742323002823.post-30878291970497320622014-11-11T12:26:21.899-08:002014-11-11T12:26:21.899-08:00I like to check out Kinross once in awhile since i...I like to check out Kinross once in awhile since it's such a pig. It might give a clue as to when the shorts give up. Since the 5th of November when it bottomed at 2.00, it's gone up by 25% on impressive volume.Grumps LaBastardhttps://www.blogger.com/profile/14516927214877780910noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-71493666693800085032014-11-11T11:24:46.070-08:002014-11-11T11:24:46.070-08:00Guys still sure about shorting this sector? Boy oh...Guys still sure about shorting this sector? Boy oh boy, when these miners wanna move...look out. And this is just nervous nelly algos unwinding a position. Wait until the world's managed funds, the trillions upon trillions, realizes "You know, maybe we should allocate a smidgen towards the gold sector."Grumps LaBastardhttps://www.blogger.com/profile/14516927214877780910noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-5938566867147135552014-11-11T07:44:48.535-08:002014-11-11T07:44:48.535-08:00Mexico oil production is dropping off , are they ...Mexico oil production is dropping off , are they going to frack with what water?johnhttps://www.blogger.com/profile/15083020021449337506noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-22402880929268584012014-11-11T07:11:30.317-08:002014-11-11T07:11:30.317-08:00I agree on your Yen comment.
There's so much o...I agree on your Yen comment.<br />There's so much of it out there that a collapse of it, and the Japanese economy, would effect everyone else greatly.<br /><br />If Japan is allowed to have a GDP to debt ratio of over 200% then just imagine how high the US or other countries might be able to get away with.<br />The Fed realizes this of course and probably (imho) has helped backstop the BOJ on whatever way necessary.<br />DarkPurpleHazehttps://www.blogger.com/profile/06725074790604681185noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-20482406912233798372014-11-11T05:32:56.933-08:002014-11-11T05:32:56.933-08:00Here's a crackpot over at Silver Doctors using...Here's a crackpot over at Silver Doctors using biblical analogies for predicting when gold/silver will have their day of reckoning.<br /><br />Who would affiliate themselves with a site that espouses such mindless drivel? It's blatant B.S.<br /><br /><br />http://www.silverdoctors.com/marshall-swing-gold-silvers-day-of-reckoning-to-begin-92315/<br />DarkPurpleHazehttps://www.blogger.com/profile/06725074790604681185noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-87159652828526261622014-11-11T04:25:44.459-08:002014-11-11T04:25:44.459-08:00Everyone is looking at the USD today rather than l...Everyone is looking at the USD today rather than looking at the yen. <br />The yen will bring down the house of cards. The day of reckoninghttps://www.blogger.com/profile/10224674476741304489noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-40891267563951808852014-11-10T20:35:03.269-08:002014-11-10T20:35:03.269-08:00Hi Dan, I have been reading your posts ever since ...Hi Dan, I have been reading your posts ever since you started to post over at jsmineset. You have written many times about the Yen carry trade and you are my source of understanding it. So if I have understood you correctly deep pocket speculators can borrow Yen at very low interest rates then go out sell those Yen for other currency investment providing better yields. This all works as long as the Yen is either falling or maintaining its value against the other currency being used to gain better yield. If the Yen rises then those carry trades must be unwound. Could one make the comparison to the Yen carry in relation to the gold market. That is as long as gold is falling in price or going sideways this whole central bank leasing works and provides the incentive to keep gold in a bear market. This is a win win for the fed as it supports the dollar. So my question is this a correct assumption?silverwoodhttps://www.blogger.com/profile/06356548144251479901noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-14222294859692060292014-11-10T13:25:13.436-08:002014-11-10T13:25:13.436-08:00Here's some shameless, misleading huckstering ...Here's some shameless, misleading huckstering from Bill Holter.<br /><br />No silver available to buyers at $15???<br /><br />http://blog.milesfranklin.com/15-silver-you-cant-have-any<br />DarkPurpleHazehttps://www.blogger.com/profile/06725074790604681185noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-24778126472673752022014-11-10T11:51:31.076-08:002014-11-10T11:51:31.076-08:00I think this week forex , gold and crude markets t...I think this week forex , gold and crude markets to be sideway. Better offAnonymoushttps://www.blogger.com/profile/13633775531662488818noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-62352168931896068762014-11-10T10:49:47.831-08:002014-11-10T10:49:47.831-08:00Dear Dan,
You are correct. Fed is unable to achie...Dear Dan,<br /><br />You are correct. Fed is unable to achieve inflation and velocity. It is unable to restart borrowing and lending to the masses. <br /><br />Despite trillions and trillions of dollars it printed since Lehman it Has failed miserably. <br /><br />The federal reserve and the world's central bank has failed. So has the bank of Japan. Deflatio is just terminal and cannot be cured like cancer or aids. <br /><br />It's just that challenging central banks need time to organise a backup system before the U.S. Empire and it Dollar are dethroned. <br /><br />Birth Pangs of a Gold Standard are painful. Anonymoushttps://www.blogger.com/profile/13412568867837304382noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-45655318010550063762014-11-10T09:17:37.560-08:002014-11-10T09:17:37.560-08:00Then you will recognize the pattern of SP500. Mond...Then you will recognize the pattern of SP500. Monday and Thursday are the turns. If Monday bullish, it likely be bullish for the whole week. However Sp must be down to march with bond. Seasonally, Sp should correct a bit in order to rally EOY. So it is the last week for SP up.Meanwhile, EUR and NZD will likely go into a bullish phase from this Wednesday. For 10 years, if you long EUR/USD and NZD/USD from Nov 12 to Jan 12 you get significant returns. Why complain about manipulation ? I do not.I worry about the patterns might not work anymore and I must find hard new pattern emergedAnonymoushttps://www.blogger.com/profile/13633775531662488818noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-33330605089389661692014-11-10T09:12:24.498-08:002014-11-10T09:12:24.498-08:00
Hard red winter stocks rise 20 mln to 212 mln; HR...<br />Hard red winter stocks rise 20 mln to 212 mln; HRS drop 30 mln to 217 mln bu; SRW unchanged at 162 mln bu <br /><br />doubt corn can get thru 381 double top on this report. wheat technicals still bearish. soybeans selling on the 450 14/15 ending stocks!<br /><br />gold bears trumpeting how the 6/28/13 high volume down week stopped gold that low was 1179.40.. Dan showed those 4 lows on his charts as resistance as well.<br />77https://www.blogger.com/profile/05390025091154704970noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-32707572394439120032014-11-10T09:08:23.661-08:002014-11-10T09:08:23.661-08:00Thanks.My jaws drop but in a happy way lol. Like t...Thanks.My jaws drop but in a happy way lol. Like today, it is Monday again, and after full moon and gold going up for a whileAnonymoushttps://www.blogger.com/profile/13633775531662488818noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-66944711125635038712014-11-10T09:05:08.149-08:002014-11-10T09:05:08.149-08:00Ags still green 5 mins after usda hits.
USDA cut...Ags still green 5 mins after usda hits.<br /><br /> USDA cuts corn yield to 173.4 bushels per acre; 174.2 last month .<br /><br />The soybean yield is projected at a record 47.5 bushels per acre, up 0.4 bushels77https://www.blogger.com/profile/05390025091154704970noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-70185984602600682282014-11-10T08:33:04.195-08:002014-11-10T08:33:04.195-08:00New world record highs in both the Dow and Transpo...New world record highs in both the Dow and Transports.<br /><br />Richard Russell "The Godfather" must be gurgling....Markhttps://www.blogger.com/profile/13068811838777958318noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-51387919791713091702014-11-10T08:10:37.434-08:002014-11-10T08:10:37.434-08:00say hey to the inside day in XAU HUI GC SI...gold ...say hey to the inside day in XAU HUI GC SI...gold stock bulls shouldn't give up too quickly, as it could break north tomorrow.<br />looks like gap ups were ready to be hit on tax loss selling, which will be a problem all the way since as Dan said HUI was into 2008 prices.<br /><br />Putin: Ruble Is The Victim Of ‘Speculative Attacks,’ Policy Moves Will ‘Punish Speculators’<br /><br />livestock and ags seem to be squeezing shorts ahead of usda wasde which is at 11amCT. <br /><br />Intensive ag ops will be only way to feed future pop. of 9 billion; many in new middle class will want meat protein.<br /><br />ES new all time high. TF was leading early, gettn out of it's rut.<br /><br />cheers!77https://www.blogger.com/profile/05390025091154704970noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-39874321481835040422014-11-10T07:44:05.916-08:002014-11-10T07:44:05.916-08:00Another horrific, catastrophic collapse in the min...Another horrific, catastrophic collapse in the mining shares today, just as KWN predicted.<br /><br />New world record low in GDX/GLD ratio on the way.Markhttps://www.blogger.com/profile/13068811838777958318noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-43615143643027896202014-11-10T07:20:27.768-08:002014-11-10T07:20:27.768-08:00My main point Eric was the bank of Japan is inflat...My main point Eric was the bank of Japan is inflating their currency and gold is acting like a commodity against it not a currency.<br /><br />The bank of Japan is buying those bonds from the pension funds and the fresh cash created is being used to buy foreign stocks in their stock markets.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-36250322197936204772014-11-10T07:09:12.397-08:002014-11-10T07:09:12.397-08:00EURUSD just starting to drop a bit and head toward...EURUSD just starting to drop a bit and head towards 1.23 again. <br />1.24 has provided some resistance lately.DarkPurpleHazehttps://www.blogger.com/profile/06725074790604681185noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-66651426608278298922014-11-10T06:57:38.410-08:002014-11-10T06:57:38.410-08:00Yes, I agree with you Linh, then Manipulation beco...Yes, I agree with you Linh, then Manipulation becomes a fundamental in any investment strategy. You could say, the fundamental of the fundamentals. So, one invests against gold, or with the S&P with its Yellen Put or guaranteed jawboning.Anonymoushttps://www.blogger.com/profile/14350770008155145049noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-84834099113285081612014-11-10T06:47:07.594-08:002014-11-10T06:47:07.594-08:0070 years ago, George Douglass Taylor who wrote his...70 years ago, George Douglass Taylor who wrote his masterpiece The TayLor Trading Technique mentioned about manipulation of market makers and showed how to follow MM footprints in order to get profit in a pattern of 3 days up and 2 days down. So I love the manipulated market, the more it manipulated the more I get profit. All manipulators are humans and humans have got patterns. So you need to pay attention and spot their moves then go with them. It better than to argue the gold market is manipulated or not. It waste of time. At the end you got exhausted and it makes you hesitated when trading. There is the same pattern when gold at peaks then you can short it nicely. Easily recognizable. It is Monday, it is 8 days after a full moon while gold is running up for awhile then gold is falling like a rockAnonymoushttps://www.blogger.com/profile/13633775531662488818noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-8419227788421336702014-11-10T06:45:12.413-08:002014-11-10T06:45:12.413-08:00They've already been historically wrong, and i...They've already been historically wrong, and it's about to get worse.Eric Originalhttps://www.blogger.com/profile/09663512536878956249noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-81918028862315195372014-11-10T06:44:24.801-08:002014-11-10T06:44:24.801-08:00Balance sheet expansion is money printing. It show...Balance sheet expansion is money printing. It shows up as devaluation and price inflation when it floods the forex market in the form of a bond bear market.<br /><br />But I know, bond prices never fall. Mhttps://www.blogger.com/profile/14298632737279907377noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-16477635904824675592014-11-10T06:29:09.394-08:002014-11-10T06:29:09.394-08:00Dan, thank you for your interesting article. Const...Dan, thank you for your interesting article. Construing your English, you seem to be saying that you once thought that the Fed manipulated the gold market through the banks, because it was necessary to defend the dollar, but now it is no longer necessary and there are many other cogent reasons to force gold down. What is not clear is whether you believe the Fed would still manipulate the market if it became necessary again ( possibly upwards if they thought the dollar was getting too strong). I think this is the case because of recent comments you made to that effect.<br /><br />If this is the case then Roberts' statements are not so egregious. After all, you only disagree on one point: that the markets are being manipulated NOW. That these actions are completely illegal is evident, whether done before or now, and this is one of his salient points.<br /><br />As for the banks manipulating markets for their own gain, in view of their past record in manipulating other markets, this would be easy to understand, especially as they are allowed to do it with relative impunity with only token slap on the wrist fines, and never with personal accountability by senior executives. Why wouldn't they do it if it is profitable, whether the manipulation is up or down?<br /><br />Supposing the banks manipulated the market with the blessing of the Fed in 2013, causing the gold market to crash in one mass concerted wave of selling, they would thereby create a strongly negative feeling towards gold, which then generated its own momentum. Then it would also be no longer necessary to manipulate gold. I know you don't agree with this because you made a reply to me to that effect.<br /><br />To summarize, you seem to be saying, that yes, you do agree with Roberts that the gold market is manipulated, but is not being manipulated at the present time, which puts the two of you not so far apart. Is that correct?<br /><br /><br />Anonymoushttps://www.blogger.com/profile/14350770008155145049noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-42379742026568861652014-11-10T05:39:29.973-08:002014-11-10T05:39:29.973-08:00The pain continues in the gold miners. New Gold ...The pain continues in the gold miners. New Gold bought out Bayfield Ventures today, for stock valued at a 50% premium to Friday's close. Good news right? Not for the long suffering bugs, content in the knowledge that their lottery tickets will someday pay off. Bayfield used to be over a buck. It spent about a year over 50 cents. And it was just taken out for 21 cents. This has been the pattern in the miners for 3 years, and looks to continue as far as the eye can see. Junior miners are NOT a long term investment.Eric Originalhttps://www.blogger.com/profile/09663512536878956249noreply@blogger.com