tag:blogger.com,1999:blog-1708908742323002823.post5135218339845723076..comments2024-02-10T02:18:27.240-08:00Comments on Trader Dan's Market Views: Gold crashes through support at $1680Trader Danhttp://www.blogger.com/profile/05484363461047659198noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-1708908742323002823.post-43931654544322830202012-03-13T17:39:05.560-07:002012-03-13T17:39:05.560-07:00GDXJ was only down 9 cents today, and only about 3...GDXJ was only down 9 cents today, and only about 35 cents or so down from the FOMC release, while gold fell over 20 points. not exactly back breaking action in the miners.Bradleyhttps://www.blogger.com/profile/17121486214478741932noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-87139101961849355132012-03-13T16:41:07.172-07:002012-03-13T16:41:07.172-07:00if you invest in GDXJ then you are assisting your ...if you invest in GDXJ then you are assisting your own demise white wolf.....these are vehicles for suppressing the actual price of the miners......it absorbs investor's dollars....invest in the actual minerskliguy38https://www.blogger.com/profile/00694442242807509636noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-36650058276845812442012-03-13T14:32:15.221-07:002012-03-13T14:32:15.221-07:00OK, Dan, I lost a grand, and sold all my mining eq...OK, Dan, I lost a grand, and sold all my mining equities again today. I hate losting 5%. I say gold goes to 1500 close again. The financial repression is very strong. I am still holding the oil etf's that made me alot more than they took from the GDXJ today..alot more. I will admit that I lost a bit though by adding to positions. Still a learning process. You are a god sed with the technicals, though a the last 2 years techs could get thrown out the window).Combined techns with a good understanding of the curent understanding of our overall position lead me right into "wheelhouse". I do believe we are onto something. It is Financial Repression at its best. Pressure metals with central banks and bullion banks, hedge funds, and talk up low unemployment, and a rising tide. I wonder though, if they are using two outs for oil. One, the market collapses and all hail the king...or better for me 2) War is inevitable and it is all War's fault. I believe the second. They cannot control it. Let's just see if oil backs below $100 WTI, $125 Brent Crude. Some things you just cannot control w/o a plan to pump the pipeline from Canada. Which our KING has a left front against. Cherrios everyone.<br />I am not out forever, but a month or so. I will buy when they lose control of oil markets, and the UE3, finally capoots. Not a second sooner. Too much control of MSM, and yield chasing hot HFT money. I know when I am beat. Thank god I covered the grand by the rising war drum beatings. Oh well, there will again be another shot. Thanks Dan. You are a Patriot.White Wolfhttps://www.blogger.com/profile/13965194184809848345noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-48282521305865086772012-03-13T14:26:54.323-07:002012-03-13T14:26:54.323-07:00Maybe we'll start to see some capitulation and...Maybe we'll start to see some capitulation and a blowoff top in equities. We're in Greed mode in the equities markets. I know the chart is still strong, but when everyone is plowing in on one side of the trade, things usually don't end well. Especially in equities where shorts have left the house and it's only longs left.willydoghttps://www.blogger.com/profile/16716849781430555079noreply@blogger.com