tag:blogger.com,1999:blog-1708908742323002823.post4278972030528498010..comments2024-02-10T02:18:27.240-08:00Comments on Trader Dan's Market Views: Silver Chart AnalysisTrader Danhttp://www.blogger.com/profile/05484363461047659198noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-1708908742323002823.post-49699452287768557192012-03-01T02:17:27.426-08:002012-03-01T02:17:27.426-08:00Thanks for a marvelous posting Online share brokin...Thanks for a marvelous posting <a href="http://www.keynotecapitals.com" rel="nofollow">Online share broking</a>I quite enjoyed reading itKeynote Capitals Ltd.https://www.blogger.com/profile/17189885635757283984noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-63534224453214534272012-02-29T23:18:31.273-08:002012-02-29T23:18:31.273-08:00This is all so normal. Today's move is such a ...This is all so normal. Today's move is such a total non-issue. How many times have we played this game before???? Every liquidation cleans out the weak hands and makes the bull stronger, which is also why 2008 won't be repeated. Normal stuff, not a story.....Laurence Hunthttps://www.blogger.com/profile/16512608792667325309noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-77846574797339698442012-02-29T17:25:03.828-08:002012-02-29T17:25:03.828-08:00We'll get back to "normal" here shor...We'll get back to "normal" here shortly, and then rocket up to new highs. All new highs are always preceeded by a shakeout like this. Agree with Dan. Technically, silver held well. The cartel shot their load on the first day of the weekly COT report, so they still got six days to clean it up before the new COT is generated. <br /><br />Risk on, weak dollar. Cartel cleaned out all the weak hands, and they had to step on the gas HARD to do so. They are already starting to cover on globex and asia, and you know that by the time Tuesday rolls around, they will have that COT report looking much less manipulative for the prying eyes. Sprinnkle in a little DXY weakness, and a nice rally is in the cards - who knows how high and how fast.willydoghttps://www.blogger.com/profile/16716849781430555079noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-30893745561892672712012-02-29T16:17:40.667-08:002012-02-29T16:17:40.667-08:00Yes sir, I believe now is the time to buy miners. ...Yes sir, I believe now is the time to buy miners. Oil has held it's own. Ben can talk down the QE all he wants, he is ready to print, and if oil continues to rise, he cannot ignore inflation (dollar devaluation) Rushing in/out of the dollar due to iminent collapse of Greece will continue volatility. ECB's answer is printing. Once they print and money goes into a "rat hole", then Greece eventually defaults or quits the Euro due to chaos concerns. Euro strengthens temporarily in relation to dollar. China is printing, Ben has to print. We cannot afford the dollar to march higher against both Asian currencies and European currencies. Major shakedown. Time to buy miners.<br />No matter what US no longer in control of Oil prices. Sure a good PR shot by mass media saying we are going to drill, open up more natural gas would certainly ease pressure, but would this genius ever consider that with his base firmly in the other direction. Nope, Oil marches on. Temporary MOPE will not work.White Wolfhttps://www.blogger.com/profile/13965194184809848345noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-45617799033027854942012-02-29T14:26:42.797-08:002012-02-29T14:26:42.797-08:00Well said Brad. Look at these numbers from INO.com...Well said Brad. Look at these numbers from INO.com now in the same vein, oil, CRB, Natural gas, corn, soybeans and others up.<br />Market Last Change %<br />Crude Oil 106.86 +0.31 +0.29<br />Natural Gas 2.688 +0.061 +2.31<br />Corn 658.00 +0.75 +0.11<br />Soybeans 1320.0 +7.5 +0.57<br />30yr Bond 141.68750 -0.68750 -0.48<br />10yr Note 130.953125 -0.437500 -0.33<br />Reuters index of commodities aka CRB barely budged: http://quotes.ino.com/chart/?s=NYBOT_CRmichael3c2000https://www.blogger.com/profile/02603788929243707009noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-65688119762812780422012-02-29T14:05:37.229-08:002012-02-29T14:05:37.229-08:00Not to downplay the volatility, but I think it'...Not to downplay the volatility, but I think it's worthwhile to take note of the action in the more solid miners/royalties. <br /><br />During the insane 50 point 5 minute candle in the Gold futures, GG shot down only 60 cents. It only ended down 1.5 points today. Just a few months ago it would probably have been down over 10%. <br /><br />SLW is similar. During the 50 point move in gold SLW only went down 80 cents, and on the 2 point candle in silver just a few minutes later SLW went down just 50 cents, closing again just 1.5 points on the day.Bradleyhttps://www.blogger.com/profile/17121486214478741932noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-3319870516738030572012-02-29T12:54:23.846-08:002012-02-29T12:54:23.846-08:00Looking at the gold chart as it breaks 1700. Are t...Looking at the gold chart as it breaks 1700. Are these guys wreckless or what? Shorting Gold then the stock market slides - talk about a programmed trade! Shameful as Embry says. <br />Perhaps Gentle Ben will find his place in the American history books along with Colonel Custard.Tomhttps://www.blogger.com/profile/14701125794767347203noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-59801002754909869792012-02-29T12:49:31.145-08:002012-02-29T12:49:31.145-08:00Those scumbags just took out all the 1705 stops ri...Those scumbags just took out all the 1705 stops right through to 1690. Damn, they are going completely old school on us , raiding on comex, then globex.. hell probably even the rare Asia raid too. <br /><br />First day delivery notice should be a hoot tonight. I'll predict umm, zero.willydoghttps://www.blogger.com/profile/16716849781430555079noreply@blogger.com