tag:blogger.com,1999:blog-1708908742323002823.post4520701099048326925..comments2024-02-10T02:18:27.240-08:00Comments on Trader Dan's Market Views: FOMC Minutes DayTrader Danhttp://www.blogger.com/profile/05484363461047659198noreply@blogger.comBlogger17125tag:blogger.com,1999:blog-1708908742323002823.post-38677345440454656942014-05-22T07:25:55.581-07:002014-05-22T07:25:55.581-07:00BTW it looks like Russia bought 900,000 oz of that...BTW it looks like Russia bought <a href="http://dzswc0o8s13dx.cloudfront.net/goldcore_bloomberg_chart3_21-05-14.png" rel="nofollow">900,000 oz of that barbarous relic in April.</a>Anonymoushttps://www.blogger.com/profile/01370226402752071107noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-63554146563347281842014-05-22T06:12:37.597-07:002014-05-22T06:12:37.597-07:00I notice you keep pointing out the lower highs bei...I notice you keep pointing out the lower highs being made in gold but seem to notice the higher lows that are also being made on each sell off. The pattern has been one of a tightening wedge pattern and you are correct we will get a resolution shortly one way or the other. And of course the outflows from the GLD continue. Question again is where is this gold going? And if gold does garner favor where are they going to find the gold to replenish this fund. IMO opinion it has been one of few sources of physical to meet Eastern demand.Robovhttps://www.blogger.com/profile/16727446148526766083noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-53563913469741397512014-05-22T04:58:10.431-07:002014-05-22T04:58:10.431-07:00Yea Russia is one of those silly net producer coun...Yea Russia is one of those silly <a href="http://en.wikipedia.org/wiki/List_of_sovereign_states_by_current_account_balance" rel="nofollow">net producer</a> countries that has yet to discover the joys of unconstrained credit creation or the luxury of exorbitant privilege.Anonymoushttps://www.blogger.com/profile/01370226402752071107noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-72900597229611628852014-05-22T00:35:29.833-07:002014-05-22T00:35:29.833-07:00"Can you see the folly in this never-ending, ..."Can you see the folly in this never-ending, day in and day out dissecting of every move lower and higher in gold? It is such a waste of time, energy and talent. Just call it what it is - markets are confused - traders are unsure of much - data is conflicting and the Fed itself is uncertain."<br /><br />Hey Dan, if you are right, they'd have to fire all those guys working at Bloomberg, financial newletters, financial magazines...you don't want to see millions more unemployed people, do you? Anonymoushttps://www.blogger.com/profile/00335835171576180359noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-40428675343972074182014-05-21T20:34:51.081-07:002014-05-21T20:34:51.081-07:00Dan- Thank you for your ongoing insightful and int...Dan- Thank you for your ongoing insightful and interesting analysis. Your blog helps to keep these wild market movements in proper perspective. A gift to your followers...Trinity traderhttps://www.blogger.com/profile/04724567191536534544noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-82201170269201848942014-05-21T18:52:28.810-07:002014-05-21T18:52:28.810-07:00Ditto that. Thanks for the con continuing well tho...Ditto that. Thanks for the con continuing well thought analysis + objectivity, Dan.MDLGTOhttps://www.blogger.com/profile/06636563285000423292noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-61557703183269149742014-05-21T18:25:05.949-07:002014-05-21T18:25:05.949-07:00I read and reread this article several times. Bril...I read and reread this article several times. Brilliant! You don't get this level of commentary nowhere on the web. Thanks!Abraxashttps://www.blogger.com/profile/17197404330070459811noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-29098155030416130202014-05-21T17:29:02.335-07:002014-05-21T17:29:02.335-07:00Mad Max, Russia is very over-rated and has their h...Mad Max, Russia is very over-rated and has their hands full at the moment. Let 'em buy Greek, Spanish and Italian bonds if they want. Better yet, JGB's.Anonymoushttps://www.blogger.com/profile/15820220635483947518noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-31274726846656341522014-05-21T15:42:21.990-07:002014-05-21T15:42:21.990-07:00P.S. in the meantime, thank GOD for Belgium and it...P.S. in the meantime, thank GOD for Belgium and its financial ability to pick up the slack in Russian TREASURY purchases.Mad Maxhttps://www.blogger.com/profile/05139011194444674522noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-12771145706083037152014-05-21T15:35:20.426-07:002014-05-21T15:35:20.426-07:00I find it interesting today that the MSM and the m...I find it interesting today that the MSM and the markets barely noticed that in March alone, Russia sold a record $26 billion, or 20% of its U.S. TREASURY holdings and that China and Russia entered into a significant gas deal bypassing the petro dollar. I also wonder if events like these imply the start of things to come for our precious USD. Things are really starting to smell. During the financial crisis between 2008 and 2010, the FED loaned out 16 TRILLION to banks and corporations around the world to keep the system afloat based on the GAO audit under Dodd Frank. Is the FED funding the back door purchase of US. TREASURIES through these type of loans? Only a new audit would prove it but the congress, the president and the FED won't allow it...so much for transparency. Mad Maxhttps://www.blogger.com/profile/05139011194444674522noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-82545368583176797702014-05-21T15:21:49.675-07:002014-05-21T15:21:49.675-07:00The "Harrowing Decline" in GDX continues...The "Harrowing Decline" in GDX continues unabated.<br /><br />The only hope for the Gold Bugs is to see GDX pull a 28% boner move like Trina Solar (TSL) did today on 10x normal volume. However, those are usually long shot plays, happens only once in a blue moon.Markhttps://www.blogger.com/profile/13068811838777958318noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-16179040989969169562014-05-21T14:45:26.241-07:002014-05-21T14:45:26.241-07:00Gene; Impossible to answer here, but, depending on...Gene; Impossible to answer here, but, depending on whether you are trading indexes, individual stks, I would only say that we are not going to go SIDEWAYS here. Ultimately, the huge $ from here on out and that may still be 6 months out or so, but it will be on the downside. swbAnonymoushttps://www.blogger.com/profile/15820220635483947518noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-43881919726314845412014-05-21T14:43:09.291-07:002014-05-21T14:43:09.291-07:00Thanks for your effort Dan and another solid, well...Thanks for your effort Dan and another solid, well-rounded market analysis.<br /><br />The Hollywood/TV industry is culturally toxic for the most part and it's extreme/abstract subject matter is about as far from everyday reality as could be. <br />Anyone whose glanced at the menu of "reality" based shows (past or present)probably knows what I'm getting at.<br /><br />DarkPurpleHazehttps://www.blogger.com/profile/06725074790604681185noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-79643723352915630232014-05-21T14:16:23.820-07:002014-05-21T14:16:23.820-07:00To wit: Smugglers are taking advantage between sp...To wit: Smugglers are taking advantage between spot price and import duty price, and now best to sell their inventory pipeline before 10% import duty reduced. My estimate is smuggled gold comprises more than 50% of total India gold supply over the past 6 months.Markshttps://www.blogger.com/profile/01425481362223826832noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-7098933869540615632014-05-21T14:09:42.988-07:002014-05-21T14:09:42.988-07:00Hi Steve,
Do you see the opportunity in stocks mo...Hi Steve,<br /><br />Do you see the opportunity in stocks mostly on the long side or do you think there are good opportunities both long and short because of volatility?Anonymoushttps://www.blogger.com/profile/01370226402752071107noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-65318791388510584582014-05-21T14:00:43.479-07:002014-05-21T14:00:43.479-07:00Believe this is smuggled gold being timely sold be...Believe this is smuggled gold being timely sold before import duties are reduced. <br /><br />"However, thus far it seems it is having the opposite effect. According to that same story from Dow Jones, premiums have come down and more gold is actually being sold for the time being. The reason? - Indian dealers are reporting that many fear the relaxation of the taxes will result in more gold coming into the country. That will have the effect of causing prices to actually fall as supply increases. Some are selling out ahead of this. They quote a large dealer in recycled gold in "the western Indian city of Mumbai's Zaveri Bazaar, the country's largest gold market as saying: ' We are getting more sellers than buyers these day. Most of these sellers are coming to offload their bars and coins, which they purchased a few months back".Markshttps://www.blogger.com/profile/01425481362223826832noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-57325756532375275902014-05-21T13:23:12.632-07:002014-05-21T13:23:12.632-07:00Damn good letter again Dan. PM's are beginning...Damn good letter again Dan. PM's are beginning to be both bulls and bears worst nightmare. Volume drying up big moves looking unlikely. We could be range-bound for a long, long time. I just for the life of me do not know what the next major black swan catalyst could be. All the bullshit from the FED is so tired for all players concerned. And as for geopolitical events, well, there is no shortage, but then again, that is all baked into the cake it would seem also. Seems to me that the best action for the next 90 days lies in the beans and grains, and of course, stks. Yes Mark, you are still right here. Take care all, swbAnonymoushttps://www.blogger.com/profile/15820220635483947518noreply@blogger.com