tag:blogger.com,1999:blog-1708908742323002823.post5406496966927437864..comments2024-02-10T02:18:27.240-08:00Comments on Trader Dan's Market Views: Gold Retreats from the Top of its Trading RangeTrader Danhttp://www.blogger.com/profile/05484363461047659198noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-1708908742323002823.post-18972411423513266712012-08-14T10:50:06.026-07:002012-08-14T10:50:06.026-07:00Hi Michael,
Not sure I agree with your explanation...Hi Michael,<br />Not sure I agree with your explanation. Dan is saying first:<br />"Keep in mind that this market MUST HAVE A SPARK TO TKE IT UP and out of this range. Until it does, the consolidation pattern remains in effect."<br /><br />Then he says:<br /><br />"There are several factors working in gold's favor" <br />This is what I called fundamentals which are independant from anything else. But then Dan says:<br /><br /><br />"but until we get the hedge fund community to come back in on the long side in a big way, the needed firepower to kick off a trending move is not there."<br /><br />So the hedge fund community is the one choosing when and why the POG should go higher and the same community cpould decide to stay out and the POG would continue its slide... This is why I said we are becoming hostages and do not count a bit in this market.<br /><br />By the way I am a big fan of Dan and link his blog to many of my friends and business connections.<br />Huberthttps://www.blogger.com/profile/05233332512788687701noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-27918059608023275652012-08-14T09:56:30.334-07:002012-08-14T09:56:30.334-07:00Hubert, there are trading terms Dan uses to compli...Hubert, there are trading terms Dan uses to compliment his analysis. So yes, we will see all kinds of fund and investor and momentum buying increase in due course.michael3c2000https://www.blogger.com/profile/02603788929243707009noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-19120376352787617802012-08-14T06:06:41.508-07:002012-08-14T06:06:41.508-07:00Just when I think I have seen everything, there is...Just when I think I have seen everything, there is gold going from 1607 to 1593 in 1, I repeat 1 tick. This is war, no doubt about it. The bulls cant afford to be in this range forever. Its either make new highs or be subject to these incredible down moves.arniehttps://www.blogger.com/profile/17597016551120682781noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-4362687419513174742012-08-14T04:19:43.622-07:002012-08-14T04:19:43.622-07:00Dan,
I am surprised by your comments... about the ...Dan,<br />I am surprised by your comments... about the hedge funds.<br /><br />You are, and I agree with you, giving all kind of names to the hedge funds and their lagorithms, but now we need them to bet massively on the price of gold so we can see a breach higher? And they could decide after the rise to drop their bets and the POG would go down again...<br />My question to you is this: Are we hostages of the hedge funds or will the POG going to move based on its own fundamentals and as richieboy said this would be a catalyst for the hedge funds buying? I do hope the latter is the right answer.Huberthttps://www.blogger.com/profile/05233332512788687701noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-87660427517710277122012-08-13T22:23:07.835-07:002012-08-13T22:23:07.835-07:00Gold has put in a significant bottom, hence the bo...Gold has put in a significant bottom, hence the bounce for the bulls see more after the link: http://www.readtheticker.com/Pages/Blog1.aspx?65tf=669_gold-timing-review-2012-08<br />Anonymoushttps://www.blogger.com/profile/13498474548330323268noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-49378401394454253272012-08-13T19:54:54.860-07:002012-08-13T19:54:54.860-07:00Hi Dan,
Besides a hedge fund buying, do you beli...Hi Dan, <br /><br />Besides a hedge fund buying, do you believe a geopolitical event or European monatary event could trigger a decisive move higher in the metals? Or would such an event be the catalyst for the hedge fund buying. Cheers, Richieboy78richieboyhttps://www.blogger.com/profile/11209355809368422543noreply@blogger.com