tag:blogger.com,1999:blog-1708908742323002823.post4103138597079131252..comments2024-02-10T02:18:27.240-08:00Comments on Trader Dan's Market Views: Gold Breaks Free From its Range TradeTrader Danhttp://www.blogger.com/profile/05484363461047659198noreply@blogger.comBlogger25125tag:blogger.com,1999:blog-1708908742323002823.post-70234939723504653952013-08-16T15:37:36.204-07:002013-08-16T15:37:36.204-07:00Hi white wolf...
I am all in at 1200, and silver ...Hi white wolf...<br /><br />I am all in at 1200, and silver at around 18.00 , my average at 1270 for gold and silver at 19.2...<br /><br />I will post total contract i have purchase and price sold once i close all position..<br /><br />CheerPreditor1976https://www.blogger.com/profile/13949210660675876231noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-22177416519022790602013-08-16T11:10:26.402-07:002013-08-16T11:10:26.402-07:00Don't worry Hubert, I may sound like a newbie...Don't worry Hubert, I may sound like a newbie but I have held gold for a long time. My decisions are my own. It is good to get a sense of traders, I am an investor so of course I have to think longer term.concordhttps://www.blogger.com/profile/04257549822960081454noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-82330195366395715992013-08-16T10:47:05.138-07:002013-08-16T10:47:05.138-07:00JPM long physical, Hedge funds will have a lot les...JPM long physical, Hedge funds will have a lot less firepower, tough spot for feds (do they buy long curve and try to cap the rates to keep market fed, or, let if fall and fall big?), gold demand increasing even when India, Pakistan and others trying to cap it, middle east is a timber box, etc..etc. <br /><br />I just bought some more longs w/o stop, can always sell in a day, with less fire power in hedgies, I do not think they can crash it like before, but who knows. Always a gamble this gold!!!White Wolfhttps://www.blogger.com/profile/13965194184809848345noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-44816138645514279902013-08-16T10:09:16.066-07:002013-08-16T10:09:16.066-07:00You're welcome concord.
Remember really : I m...You're welcome concord.<br /><br />Remember really : I may not be a newbie, but I'm not a veteran trader. I'm writing a lot, but please don't rely on me as a reliable advisor, it would make me uneasy. I'm trying to explain what I do so that you can compare with your own thoughts, so that we share what we do, but please make your own décisions and rely on Dan's advice for the rest ;)Anonymoushttps://www.blogger.com/profile/00335835171576180359noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-35515122157539617992013-08-16T10:04:02.971-07:002013-08-16T10:04:02.971-07:00P.S : also I consider that what I'm doing now ...P.S : also I consider that what I'm doing now is more risky than my long position at 1200 $.<br />Indeed at that time, we were totally outside the monthly bollinger bands. It gave me a strong feeling of oversold market and I thought it was likely we'd go back towards 1300 in july.<br />Also, if I was wrong, I could wait and reconvert this small position as a long term investment position, because we were already close to the production costs.<br /><br />So here at 1350+ I'm already gambling pretty much more than previously. But hey, no risk, no money. So I put my stop loss and I hope that 1366 will give way next week. If the market is capped, I can also quickly change my stop loss and raise it at 1340, reducing my potential loss to nearly nothing.Anonymoushttps://www.blogger.com/profile/00335835171576180359noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-55876992684415954242013-08-16T10:01:31.638-07:002013-08-16T10:01:31.638-07:00Thank you Hubert, buying before 1400 was what I th...Thank you Hubert, buying before 1400 was what I thought made some sense for the same reasons. Dan's just release report only encourages this thinking for me.<br /><br />Thanks againconcordhttps://www.blogger.com/profile/04257549822960081454noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-14044222197963869012013-08-16T09:57:18.847-07:002013-08-16T09:57:18.847-07:00hi Concord.
First, my trading décisions depend on ...hi Concord.<br />First, my trading décisions depend on a lot of personal factors, like the size of my position and cash in my account, when I sold before, etc...I always prefer to remind that entering the market is always a personal and specific decision.<br /><br />This being said, I think that there is a chance that we see over leveraged hedge funds being overrun and running for the doors if the upwards pressure continues. Upwards rallyes exist as well, see silver this week. So if gold keeps showing some strength, I prefer to buy now, and even a little more above say 1370, targetting 1460, and probably with a stop loss at 1340 for a part of my position.<br />It's late and I'm very tired, I'll try to be more specific this weekend.<br />Suffice it to say that, as you saw at 1345, I decided to buy stop (but being uncomfortable with it) rather that risking to miss a rallye which may, because of short covering, not correct and go directly to 1450.<br /><br />I don't want to add to my long positions above 1400. I want to build it now, at lower prices.<br />And pay a small price with a stop loss should the trend brutally reverse down. <br />Anonymoushttps://www.blogger.com/profile/00335835171576180359noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-59634724135226513682013-08-16T09:15:43.436-07:002013-08-16T09:15:43.436-07:00Hubert I am also looking to build back my long gol...Hubert I am also looking to build back my long gold position I sold half of it before the collapse but am now waiting to see if this is a good time to add. You say you would add some at 1366, but I interpret you to mean you would add more if we go back toward 1315 or so.<br /><br />Basically if we rise into the fourteen hundreds on a spike would you be less likely to add or would you take the ride to 1450 or so and get off? A Summers appointment could knock gold back strongly I think. Armstrong seems to think January is when things will turn in a big way for gold.concordhttps://www.blogger.com/profile/04257549822960081454noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-8240187931801861022013-08-15T23:43:18.494-07:002013-08-15T23:43:18.494-07:00"The days of being able to rely on an endless..."The days of being able to rely on an endless stream of foreign fools to supply something for nothing may be numbered."<br />Agreed.<br />I don't always agree with Clive, but this article is Worth reading imho.<br /><br />http://www.clivemaund.com/article.php?art_id=68<br /><br />I'm not as desperately optimistic as he is, but my strategy is to reinforce my long bull positions EARLY, so that I can sell later on in short-term tops, buy more on the dips, and also maybe buy a bit more above if 1366 is broken, with an acceptable average cost for my buying, under gold prices, and a solid long position to make a profit on the way up.<br /><br />BUT I'm not yet leveraging crazy at the moment.<br />Usual suspects are powerful enough to make you regret the day you forget to be careful.Anonymoushttps://www.blogger.com/profile/00335835171576180359noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-37191773098484114852013-08-15T23:15:08.867-07:002013-08-15T23:15:08.867-07:00OK, so if the trend is reversing up and propagatin...OK, so if the trend is reversing up and propagating to the longer-term time units (weekly soon?), what are the figures that would validate / invalidate the scenario?<br /><br />On a daily chart, I guess the important support to hold during next few days is around 1315. ma20, median of long-term red pitchfork and also mlh inf of the new upwards pitchfork. To me it is critical that 1315 holds so that I don't eat my hat. It is friday, the raid day, so I'll keep my fingers crossed. It would be magic if the mln inf of upwards pitchfork held for a few weeks and led us towards 1450.<br />On a weekly basis, we were capped during the last 3 weeks by the mlh inf of the red fork once more, which is now at 1310. Once again, 1310 more or less seems to be a support zone.<br /><br />I'm nervous because every time gold seems to set free, you know what happens the day after...let's see.<br /><br /><br />Anonymoushttps://www.blogger.com/profile/00335835171576180359noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-7348805776897723802013-08-15T19:59:19.680-07:002013-08-15T19:59:19.680-07:00Gold's sudden positive action is proof positiv...Gold's sudden positive action is proof positive that the FOMC will "do whatever it takes" to keep rates low, which means QE is about to get stepped up.<br /><br />Look no further than the resilience in DBC and the shocking moves off the lows of many homebuilder stocks.Markhttps://www.blogger.com/profile/13068811838777958318noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-17693370185226381382013-08-15T18:24:54.880-07:002013-08-15T18:24:54.880-07:00Dan,
Hilliary sure should have been teaching cat...Dan, <br /><br />Hilliary sure should have been teaching cattle futures trading as good as she was. Straddle Trades. Man, I bet she went from Law school straight into the pit and just hit it out of the park day one. To think that lady must be a genius I tell you. White Wolfhttps://www.blogger.com/profile/13965194184809848345noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-77800816632313573382013-08-15T18:15:50.782-07:002013-08-15T18:15:50.782-07:00Think the debate moderator will ask her about her ...Think the debate moderator will ask her about her trading skills? HaahahahahWhite Wolfhttps://www.blogger.com/profile/13965194184809848345noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-50990561917977881432013-08-15T18:14:56.935-07:002013-08-15T18:14:56.935-07:00Hey Steve,
What do you think of this trade recor...Hey Steve, <br /><br />What do you think of this trade record. Rookie Hilliary made a few trades early in her career. They estimated the odds of her making this money at 1 in 31 Trillion. She must have had one heck of a hunch...Think? <br /><br />http://en.wikipedia.org/wiki/Hillary_Rodham_cattle_futures_controversyWhite Wolfhttps://www.blogger.com/profile/13965194184809848345noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-61678095579832143172013-08-15T17:53:43.429-07:002013-08-15T17:53:43.429-07:00Hubert Du haut,
Would love to see that 100 silver...Hubert Du haut,<br /><br />Would love to see that 100 silver sooner than later~~ im dreaming that same dream ;-)Anonymoushttps://www.blogger.com/profile/10366683894545649989noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-24388373156577132013-08-15T17:20:35.882-07:002013-08-15T17:20:35.882-07:00nothing more bullish than a scared bear; I do not ...nothing more bullish than a scared bear; I do not know if my comments are going thru or not, so again, I will say that nothing has changed fundamentally and economically, so that is why the copper and energies remain range-bound; watch this week to see what the fed whores do to shore up the stks and bonds, as everyone can see that the bond chart is getting itself in trouble; grains and beans are a gift short covering rally and that is all; steve in sparks<br />cAnonymoushttps://www.blogger.com/profile/15820220635483947518noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-36683249513046446442013-08-15T15:31:10.108-07:002013-08-15T15:31:10.108-07:00Played NUGT for the bounce, bought in last week mi...Played NUGT for the bounce, bought in last week mid 5's, today sold all mid 9' s on mass volume or enough profit for me. Then started buying DUST for any correction and set a sell price. Set NUGT to re-buy maybe catch a correction before continuing a run.<br /><br />These are 'Direxion' 3X bull/bear EFTs so the action is fast and volatile, the only way to make a quick buck if you can get it right.<br /><br />Will be interesting to see if this short term move keeps running up without resting or a pullback.anonymoushttps://www.blogger.com/profile/13458537409932488443noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-73760644948384446542013-08-15T14:37:17.309-07:002013-08-15T14:37:17.309-07:00P.P.S : to be honest, I don't like having boug...P.P.S : to be honest, I don't like having bought stop here. Creates a big gap with closest stop loss.<br />I had a buy order at 1305, should have seen that last days support was around 1320 indeed.<br />So I'm in the train, but not quite comfortable yet as long as 1366 is above prices. Good night all,Anonymoushttps://www.blogger.com/profile/00335835171576180359noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-26320790130798146502013-08-15T14:33:54.655-07:002013-08-15T14:33:54.655-07:00Thanks for your always insightful comments Hubert!...Thanks for your always insightful comments Hubert!Opzeelandhttps://www.blogger.com/profile/16299060722448705062noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-82112693593351860542013-08-15T14:16:24.968-07:002013-08-15T14:16:24.968-07:00last but not least, I think a stop loss is still m...last but not least, I think a stop loss is still mandatory.<br />I bought when we broke above the top of the day around 1345 when I saw the plunge reversing up.<br />But 1366 on a weekly basis is still here.<br />I think a stop loss somewhere under the last lows of the recent days could do it, say around 1310 $.<br />It joins the mlh inf of the most recent upwards pitchfork I traced.<br />So I keep my fingers crossed so that this area around 1315 $ holds.<br />As a reminder, I'm only sharing my "strategy" here, I'm not recommending anyone to do the same, nor am I convinced that it is a very good one. I'm simply trying and sharing.Anonymoushttps://www.blogger.com/profile/00335835171576180359noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-6571793505863397732013-08-15T14:08:22.235-07:002013-08-15T14:08:22.235-07:00ok, so we still have a big obstacle on the way, it...ok, so we still have a big obstacle on the way, it's the ma20 on a weekly basis, at 1366.<br />If we can overcome it, I'd like to meet at 1460 $ in just a few weeks.<br />http://s21.postimg.org/l0krkhqrr/gld.jpg<br />Anonymoushttps://www.blogger.com/profile/00335835171576180359noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-64096129585450304702013-08-15T13:54:18.945-07:002013-08-15T13:54:18.945-07:00Great day for the tired long-term bull investors :...Great day for the tired long-term bull investors :)<br />I don't have the chart but long-term, silver shot up from 5 to 22 $ and then corrected to 9 $...before rallying to 50 $.<br /><br />If the lows are in at around 18 $, silver could rallye towards 100 $ on the next move up on the same basis. It's good to dream a bit sometimes and see the bottle half full instead of half empty :) <br />Anonymoushttps://www.blogger.com/profile/00335835171576180359noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-87189251544891638682013-08-15T13:51:48.911-07:002013-08-15T13:51:48.911-07:00I was fully loaded in the GDX two weeks ago and go...I was fully loaded in the GDX two weeks ago and got scared out when my losses reached almost 15%. The next day, GDX was up over 8%. Since then, my 15% loss would have been a 10% gain -- in just two weeks! I can't justify going back in at 30 when I sold recently at 24. Does anyone have an opinion on when to buy GDX? It looks too overbought short-term to take a risk. marklenehttps://www.blogger.com/profile/15688444788733538297noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-79158996386588498322013-08-15T13:37:04.905-07:002013-08-15T13:37:04.905-07:00Thanks Dan,
Great charting and commentary SOP fro...Thanks Dan, <br />Great charting and commentary SOP from you. <br />Thanks again for all you do.<br /><br />I hear the Indians already have devised several plans for a black market entrance. White Wolfhttps://www.blogger.com/profile/13965194184809848345noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-44688333652744716722013-08-15T12:55:08.650-07:002013-08-15T12:55:08.650-07:00A pleasure to stop by for your cool calm commentry...A pleasure to stop by for your cool calm commentry.<br />I wonder how the Indian buying season will go now that<br />Gold imports are being denied to the citizens.UK turdwatcherhttps://www.blogger.com/profile/14382472825089266836noreply@blogger.com