tag:blogger.com,1999:blog-1708908742323002823.post4628944221707260295..comments2024-02-10T02:18:27.240-08:00Comments on Trader Dan's Market Views: Ukraine Events Supporting Gold, but for How Long?Trader Danhttp://www.blogger.com/profile/05484363461047659198noreply@blogger.comBlogger115125tag:blogger.com,1999:blog-1708908742323002823.post-31420003015444140812014-08-11T20:37:07.893-07:002014-08-11T20:37:07.893-07:00Steve,
Everything that USA has achieved is via de...Steve,<br /><br />Everything that USA has achieved is via debt. Which can only be repaid thru debasement. <br /><br />Anonymoushttps://www.blogger.com/profile/13412568867837304382noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-34326413926555690542014-08-11T20:32:11.524-07:002014-08-11T20:32:11.524-07:00Personal attacks are not appropriate. Personal attacks are not appropriate. Mike Ehlerthttps://www.blogger.com/profile/03796788820435662856noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-45991954403971722692014-08-11T16:34:07.334-07:002014-08-11T16:34:07.334-07:00You know Shark, the Chinese own all the world'...You know Shark, the Chinese own all the world's cotton at $2, all the copper at $4.40, and $17 beans, so maybe since they are underwater on all these wrongheaded buys that they just do not have any money left to buy bonds over here. On the other hand, maybe they have decided to build more malls that nobody wants to go to, or railroads to nowhere, or bridges , but hey, they did build the greatest dam in the world, right? And guaranteed that it will do its best to wreck things as they relentlessly ruin their environment until the cows come home. Still basically a command and control oligarchic nightmare unfolding. Last but not least and I do not know if you understand the concepts of contrarian thinking or consensus, but you have a lot of company in your thinking that the East is going to trample the West. Myself, I will fade that thought.Anonymoushttps://www.blogger.com/profile/15820220635483947518noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-47937786627744240822014-08-11T15:17:24.342-07:002014-08-11T15:17:24.342-07:00Shark, you are like all the rest. You know everyth...Shark, you are like all the rest. You know everything that is wrong with America, yet you never seem to tell us about how smart and ethical the Russkis, Indians, and Chinese are. Why is that I wonder?Anonymoushttps://www.blogger.com/profile/15820220635483947518noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-71255601599892079262014-08-11T12:43:25.337-07:002014-08-11T12:43:25.337-07:00Michael;
I will never understand what some people...Michael;<br /><br />I will never understand what some people in this world hope to prove by continuing to argue with those who are not going to listen to them. I have already informed you and others about my view of GLD as a proxy for Western-oriented investment for gold. Now you can either accept that or you cannot. Frankly I don't care either way. But one thing you are not going to accomplish is to change my mind about how I see it. So my suggestion is for you to stop wasting my time and go your merry way.<br /><br />This discussion is over.<br /><br />Trader Danhttps://www.blogger.com/profile/05484363461047659198noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-26333012373427300142014-08-11T12:36:34.428-07:002014-08-11T12:36:34.428-07:00First: Assumptions are the mother of all f*ckups. ...First: Assumptions are the mother of all f*ckups. I have traded gold and silver futures in the past. It was an expensive lesson for me to say the least. <br />Second: Not all derivatives are futures. <br />A derivative like the GLD share is NOT a future contract and can not be redeemed back to the real underlying asset (at least the buyer of it cannot claim it). There is actually a possibility the underlying asset even not exist anymore.Michaelhttps://www.blogger.com/profile/11525059626237741529noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-18522172311483154782014-08-11T10:45:54.479-07:002014-08-11T10:45:54.479-07:00Steve,
Even the chinese have been pouring into USA...Steve,<br />Even the chinese have been pouring into USA. <br /><br />Hubert,<br />China was the largest buyer of US bonds pre 2009. Since then its bond buying has trickled down to 5% of previous yearly purchases. Same with many other large countries. If so, guess who might be buying those bonds? Anonymoushttps://www.blogger.com/profile/13412568867837304382noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-20737601053632230942014-08-11T09:12:14.905-07:002014-08-11T09:12:14.905-07:00Shark, why do more Indians move to America every y...Shark, why do more Indians move to America every year than Americans move to India?Anonymoushttps://www.blogger.com/profile/15820220635483947518noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-63264238708405519062014-08-11T08:32:18.788-07:002014-08-11T08:32:18.788-07:00Hi Nate. Yes, saw the news but don't like the ...Hi Nate. Yes, saw the news but don't like the deal. MNKD only 35% of the profits going forward...seems low to me even though SNY will be doing the heavy lifting. I immediately bought short term puts on the open and cashed out already with a nice quick profit. It will be interesting to see how this plays out in the future. MNKD still looks intriguing long term because of their Technosphere technology. That is their best bet going forward to me personally. Bobhttps://www.blogger.com/profile/11549367655220089014noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-69107659149147940462014-08-11T08:04:34.920-07:002014-08-11T08:04:34.920-07:00"Russia & China do not want to trade in d..."Russia & China do not want to trade in dollars."<br />But then how do they store it? I'm no specialist, but Armstrong said that trade in dollars is irrelevant, because only the dollar is deep enough now to store big wealth. So, want it or not, countries must store in dollars. Bullshit? No idea. But sure enough dollar and T-Bonds is one of the deepest markets in the world.<br /><br />"Germany will soon EXIT EUROZONE as its economy fails as Putin Bans Gas to EU. " Hmm...you are really ahead of your time, or you have a great cristal ball.<br />"Soon, reality self-survival will surface, and EU nations will learn to just say No! " You just don't know that, unfortunately. <br /><br />"An inexplicable Why?". Maybe you don't see all the puzzle behind the scenes. Maybe she has no choice. I have no idea.<br /><br />"As such no country is ready to buy US bonds to finance the Huge Deficits of the USGovt. Its only the FED who prints and finances USG."<br />Really?? Please send me the link to the chart proving this very statement.<br /><br />Difficult to see. Always in motion the future is. - Yoda.<br /><br /><br /><br /><br /><br /><br /><br /><br />Anonymoushttps://www.blogger.com/profile/00335835171576180359noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-81114025002134066532014-08-11T08:04:21.406-07:002014-08-11T08:04:21.406-07:00This comment has been removed by the author.Anonymoushttps://www.blogger.com/profile/13412568867837304382noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-61661358811104240362014-08-11T07:53:34.455-07:002014-08-11T07:53:34.455-07:00Shark, I do not think anyone here cares for your t...Shark, I do not think anyone here cares for your thoughts, so why not get the message and just leave?Anonymoushttps://www.blogger.com/profile/15820220635483947518noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-38975819153084639672014-08-11T06:16:00.161-07:002014-08-11T06:16:00.161-07:00Sorry but neither you, nor apparently Dan, actuall...Sorry but neither you, nor apparently Dan, actually understand how GLD works. I have already explained it earlier. You need to understand the difference between the GLD Share price, which directly reflects the market price of Gold, and the Share Float and Physical Inventory which, because of the way GLD is constructed such that ONLY AP's can actually take out Physical Gold in multiples of 100K shares. I'm sorry if you can't understand.philipathttps://www.blogger.com/profile/05825842197937602986noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-52679554750104564792014-08-11T05:52:34.845-07:002014-08-11T05:52:34.845-07:00Megaprophet,
Media Brainwashing has a saturation...Megaprophet, <br /><br />Media Brainwashing has a saturation point. & China & Russia & Eurasia recognize this. <br /><br />Despite all their efforts, the western elites could not suppress GOLD. Otherwise why would it rise from 249$ to 1300-1900$ ? <br /><br />The current correction is only momentary in this Rock Solid Inflation Bull market since 2000. <br /><br />Anonymoushttps://www.blogger.com/profile/13412568867837304382noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-9914616464098666752014-08-11T05:41:18.062-07:002014-08-11T05:41:18.062-07:00Dear Dan,
What i understand is that GEOPOLITICAL...Dear Dan, <br /><br />What i understand is that GEOPOLITICAL EVENTS are MANAGED CONFLICT and nothing but a WEAPON to defend ECONOMIC SUPERIORITY (i.e USDOLLAR Supremacy).<br /><br />Thus whenever we see GEOPOLITICAL EVENTS like UKRAINE, or ISIS or SYRIA etc, we must INSTANTLY relate it to USDOLLAR's FIGHT AGAINST GOLD BACKED NEW GLOBAL CHALLENGING CURRENCIES. Anonymoushttps://www.blogger.com/profile/13412568867837304382noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-86334344774037056702014-08-11T05:37:52.378-07:002014-08-11T05:37:52.378-07:00Dear Peter,
What if Putin Bans GAS to Eurozone i...Dear Peter, <br /><br />What if Putin Bans GAS to Eurozone in this standoff? Germany Economy will collapse overnight. How long can Germany LAP DANCE to the tune of USA ? <br /><br />Thus is Putin Stronger or USA? Anonymoushttps://www.blogger.com/profile/13412568867837304382noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-20827515960011327172014-08-11T05:22:54.731-07:002014-08-11T05:22:54.731-07:00Philipat,
GLD represents western gold invesment ...Philipat, <br /><br />GLD represents western gold invesment demand. Which has crashed since 2011. Most of the weak hands have panicked and sold. The sales were bought by China last year. Some 900 MT. <br /><br />In 2014 , Eastern Gold demand (Especially from China & Russia) has pushed Gold up. While GLD now has only strong hands left. Anonymoushttps://www.blogger.com/profile/13412568867837304382noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-59366860987010678932014-08-11T05:15:58.741-07:002014-08-11T05:15:58.741-07:00Note that US can only for a few weeks more continu...Note that US can only for a few weeks more continue fooling the world that its economy is fine and that money printing is not required. But this is until the QE3 buffers are fully utilized. <br /><br />As such no country is ready to buy US bonds to finance the Huge Deficits of the USGovt. Its only the FED who prints and finances USG. <br /><br />Soon the buffers will be empty and liquidity will dry up. Then who will finance the Deficits? Economy will start tanking and QE4 will be announced. Another blow to confidence in US Central Bank. <br /><br />So before that happens US is desperate to use its military might and neuter challenging nations into submission. But this is also failing. Anonymoushttps://www.blogger.com/profile/13412568867837304382noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-12241568532987450522014-08-11T05:09:11.971-07:002014-08-11T05:09:11.971-07:00Dear Mr. Dan,
USA is loosing its dictatorship ov...Dear Mr. Dan, <br /><br />USA is loosing its dictatorship over the world, now desperately trying to enforce its Dollar when many large nations like Russia & China do not want to trade in dollars. <br /><br />Thus it is provoking&threatening Russia into submission to $ supremacy via UKRAINE. But then many nations are not confirming. Germany will soon EXIT EUROZONE as its economy fails as Putin Bans Gas to EU. <br /><br />Quoting Michael Noonan : http://news.goldseek.com/GoldSeek/1407679620.php<br /><br />The idiotic sanctions Obama keeps on imposing on Russia are now backfiring even more. Putin is striking back, banning food imports from the EU. This is just what the insolvent EU nations need, more weakening of their economies. It is costly for EU nations to be the lap-dog for Obama. Soon, reality self-survival will surface, and EU nations will learn to just say No! Austria already has. France has.<br /><br />Germany has been lacking integrity, with over 3,000 businesses dealing extensively with Russia, with 30%-40% of its energy needs coming from Russia. Russia is using German lawyers to improve Russia’s international laws to improve the willingness of foreigners to conduct business with Russia. Why does anyone think Germany will alienate Putin and put their economical strength at risk? Yet, Germany [Merkel] is dragging her feet in breaking away from the model of war and banking suicide, in favor of aligning with greater growth and financial health with Eurasian nations. An inexplicable Why?<br /><br />The fact that the West is fading fast, choking on trillions in worthless derivatives that are propping up the all but failed Western financial system, and can keep countries like Germany in the fold is a testament to how fierce the elites will exert whatever control they can over each country, mostly by financial threat of destroying the country’s banking viability.<br /><br />Russia to Europe: You want gas? It will cost you. Price? Pay in rubles, yuan, maybe even gold. You want to pay in “dollars?” No sale.Anonymoushttps://www.blogger.com/profile/13412568867837304382noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-4031567615087115262014-08-11T04:03:36.581-07:002014-08-11T04:03:36.581-07:00David
May I respectfully refer you to Keith Weine...David<br /><br />May I respectfully refer you to Keith Weiner's ongoing work on Basis/Cobasis, which goes some considerable way towards explaining the divergence between Gold and Silver, and the very considerable hole that currently exists beneath the latter<br /><br />Put bluntly, Silver is both more volatile and less exclusively "monetary" than Gold, and at certain stages of the economic cycle behaves more like a Commodity (something which Dan has also remarked upon)<br /><br />In last week's bulletin (in particular) Weiner comnented on the trend and cyclicality of the Gold:Silver ratio, and suggested that this remained within an established upwards trend channel, targeting previous highs of 80. Certainly, over the past few years Silver has given very little indication of any likelihood of seeing $23 any time soon, whereas $1400+ on Gold remains a plausible (if at present unlikely) possibility - suggesting a lower boundary for the GSR some way above 1400/23 = 61<br /><br />There is massive speculative interest in Silver, but little evidence of hoarding, to the point where "the warehouse" is the buyer of last resort simply because the "Buy Spot / Sell Forward" carry trade has recently been so lucrative. There is currently more above-ground Silver than there are investors wanting to hokd it, and inventories are being built up not on a "marginal cost of production" basis, but as a waste byproduct if refining other metals<br /><br />Consider this; if you go to The Royal Mint website, for £20 you can buy a 1/2 oz Silver coin which is legal tender and redeemable for cash at any UK bank for £20 of fiat sterling. 1/2 oz of Silver is currently worth around £5, and so the value of that coin is 25% intrinsic metal, 75% British Government "promise". Looked at another way, in order to make good the difference between 1/2 oz of metal and £20 invested, they need to promise you an additional £15 (for which you could buy 1.5 oz if Silver) - a "paper promise" is therefore worth 1.5 iz of Silver<br /><br />Compare this to another widely circulated legal-tender UK coin - the £1 Gold Sovereign (currently costing around £200 and contaiin around 1/4 oz Gold). The intrinsic metal value is worth around £199 and the "promise" to pay £1 fiat can logically not be worth more than £1, suggesting that it is equivalent to a vanishingly small fraction of an ounce of Gold<br /><br />Same promise, same fiat, same highstreet bank - worth 1.5 oz of Silver or less than 1% of an ounce of Gold - do the math, and if you don't believe thus trade is both real and legitimate, go to www.royalmint.com and www.bullionbypost.co.uk and check it out for yourself<br /><br />Actually, think the £20 WW1 commemorative Silver coins arevan absolute bargain, because at £20 each they don't charge any premium for the implicit out-of-the-money perpetual Call Option on the 1/2 oz Silver, because its so worthless in the current marketPostcolonialBrithttps://www.blogger.com/profile/12530753879569768458noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-53124263144058337742014-08-11T02:55:13.715-07:002014-08-11T02:55:13.715-07:00LOL.
If someone is not becoming angry, if the big...LOL. <br />If someone is not becoming angry, if the big banks are paying billions of dollars as fines and no one from management goes into jail, while only small people are prosecuted anymore, when corruption in Wahsington has reached unprecedented dimensions, when all private sphere is eliminated and every movement and call you make is recorded, if you are not frustrated by the amount of criminal activity in the markets and politics, then you either are already dead, or never have lived.<br /><br />And Dan, that you, the former supporter of secession movement now are defending the banksters, would be funny, if spineless men weren't so disgusting.<br /><br />Looking forward to your upcoming transformations where you will continue to show the world how flexible your spine is.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-26434357984759891562014-08-11T01:32:11.866-07:002014-08-11T01:32:11.866-07:00Good comment Phil,
check my (similar) observation...Good comment Phil,<br /><br />check my (similar) observation from 8/11 am<br /><br />DavidAnonymoushttps://www.blogger.com/profile/17187612172754004176noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-60444212847514324042014-08-11T01:26:50.247-07:002014-08-11T01:26:50.247-07:00Hello Dan,
I enjoy your analysis.
You have state...Hello Dan,<br /><br />I enjoy your analysis. <br />You have stated "...trying to be as objective as I possibly can..". How do you explain? Yes, the price of gold is down almost 30% since 2013 and the GLD inventory is down about 30% to 798t or so - so there is definitely some correlation. Price of silver is also down over 30% - so there is definitely some correlation with gold, and historically has always been... SO HOW DO YOU EXPLAIN the SLV inventory is ACUALY UP over 5%? You can google (images) "GLD SLV inventory" to see many charts documenting that.<br />Isn't there a "bit of truth" to the conspiracy theory that GLD has been drained to obtain those critical 600+ tuns, since gold is monetary and strategic metal ..while silver is not?<br />Thank you for your comment Sir!Anonymoushttps://www.blogger.com/profile/17187612172754004176noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-45192648403093575022014-08-10T23:49:09.600-07:002014-08-10T23:49:09.600-07:00So why haven't GLD holdings in 2014 not increa...So why haven't GLD holdings in 2014 not increased in propertion to the Gold price? All I am saying is that the Gold holdings of GLD do not necessarily mirror the the price of Gold but, of course, the individual price of a GLD share DOES mirror the Gold price. It would be possible, as an example, for JPM to reduce the share float by half and withdraw half of the inventory of Gold if, for instance, it needed physical Gold to ship to China. The share float would also halve but a share would still mirror the price of Gold. But that reduction in float and inventory would NOT reflect Western investment demand reduction. It's just simple mathematics so Ockham's Razor is not really a relevant issue.<br />You obviously have much greater faith in the integrity of the BB's than I do.philipathttps://www.blogger.com/profile/05825842197937602986noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-69634283863460779272014-08-10T23:25:52.257-07:002014-08-10T23:25:52.257-07:00I just wish I had listened to Mark and sold all MN...I just wish I had listened to Mark and sold all MNKD holdings at $4....Anonymoushttps://www.blogger.com/profile/03215837042784205561noreply@blogger.com