tag:blogger.com,1999:blog-1708908742323002823.post5794762811309636702..comments2024-02-10T02:18:27.240-08:00Comments on Trader Dan's Market Views: Thoughts on Wild Swings in PriceTrader Danhttp://www.blogger.com/profile/05484363461047659198noreply@blogger.comBlogger32125tag:blogger.com,1999:blog-1708908742323002823.post-61057578703537792562014-07-25T11:28:54.762-07:002014-07-25T11:28:54.762-07:00Lie cheat and steal. Are you sure you arent talkin...Lie cheat and steal. Are you sure you arent talking about sinclair?Jasperhttps://www.blogger.com/profile/03831704112998990130noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-59840129129478393712014-07-25T10:24:15.633-07:002014-07-25T10:24:15.633-07:00Matt;
I think you have mistaken this site for you...Matt;<br /><br />I think you have mistaken this site for your gold choir. Please go preach to them - they do not abide here for long.<br /><br />As long as it makes you happy - believe what you want. That does not make it so.<br /><br />Adios...<br /><br />Trader Danhttps://www.blogger.com/profile/05484363461047659198noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-74251295456942969692014-07-25T10:18:25.602-07:002014-07-25T10:18:25.602-07:001) Past FED chairs have ADMITTED to watching gold ...1) Past FED chairs have ADMITTED to watching gold price closely, and caring about (AND manipulating) it's rise showing the weak dollar. What makes you think no is any different? Fed wouldn't care about OJ futures or cattle as they don't demonstrate failure of their dollar policy. In other words, there is MOTIVE<br /><br />2) They have shown before they are willing to manipulate commodities lower to make their economic policies look better - such as releasing oil from the SPR when it "gets too high" - why would gold be any different?<br /><br />3) Fed refuses to allow an audit of OUR gold. Why? I await an answer from Dan on this, but doubt it will ever be forthcoming.<br /><br />Bottom line - the federal government lies, cheats and steals all the time. What in the hell makes you think they wouldn't do so in order to prop up the dollar and keep faith and confidence in the Ponzi fiat scheme? They lie cheat and steal for far less reasons than that. They have means, motive and opportunity. That's good enough for me.<br /><br />I'm not saying every single downmove is the sinister hand of the Fed - but there can by no doubt it happens plenty. Anyone who thinks not is a serious naive idiot.<br /><br />2) Adminhttps://www.blogger.com/profile/09978859072720625239noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-7457922364408249052014-07-24T18:03:06.689-07:002014-07-24T18:03:06.689-07:00postcolonial; good points; if the bulls were so pr...postcolonial; good points; if the bulls were so proud, why do they not load up in the illiquid and quiet times? They are hurting for certain. Also, ask them what they thought about the illiquid last nite in beans? My guess is you will not get an answer.Anonymoushttps://www.blogger.com/profile/15820220635483947518noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-55533530113473429532014-07-24T16:24:19.470-07:002014-07-24T16:24:19.470-07:00What's the ratio of traders that believe gold ...What's the ratio of traders that believe gold not to be manipulated to the number of traders that believe gold is not manipulated who trade in a manipulated currency that used to be backed by Gold?So Closehttps://www.blogger.com/profile/01006356093548517151noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-47580690058159838132014-07-24T13:02:02.994-07:002014-07-24T13:02:02.994-07:00folks, the gold is a bear mkt, plain and simple; s...folks, the gold is a bear mkt, plain and simple; secondly, the best teams in baseball are all on the west coast, so relax and have a grey gooseAnonymoushttps://www.blogger.com/profile/15820220635483947518noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-49198356625884263732014-07-24T05:52:18.896-07:002014-07-24T05:52:18.896-07:00Asians? Trading? Warf! You'd need electricity ...Asians? Trading? Warf! You'd need electricity in the first place... :) Anonymoushttps://www.blogger.com/profile/00335835171576180359noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-78763587923545076922014-07-24T05:29:25.111-07:002014-07-24T05:29:25.111-07:00Koos is a nice guy, but has just sold his soul to ...Koos is a nice guy, but has just sold his soul to Bullionstar.com, and the Comments on his website have dropped off like a well-manipulated stone<br /><br />As it happens, Bullionstar.com is my local dealer, and I believe that I am correct in saying that I introduced him to them, but Good Guys and Honest Dealers do not necessarily add up to an entirely objective viewpoint, and I seriously doubt that Koos will ever recover from his recent commercial hookup. Which is a shamePostcolonialBrithttps://www.blogger.com/profile/12530753879569768458noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-43579059501665085162014-07-24T05:25:14.894-07:002014-07-24T05:25:14.894-07:00a quick Point of Order about the "during illi...<b>a quick Point of Order about the "during illiquid periods / when New York is asleep" Comments</b><br /><br />you are all quick enough to believe that Asians are gobbling up all of the Gold - why do you suppose we are not actively trading it as well? I am 7 hrs ahead of London, so probably at least 12 hours ahead of you lot, and if you'd only open your eyes to the fact, we have very active markets over here tooPostcolonialBrithttps://www.blogger.com/profile/12530753879569768458noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-34115635928452267482014-07-24T05:22:07.870-07:002014-07-24T05:22:07.870-07:00kjm; we do not trade bellies anymorekjm; we do not trade bellies anymoreAnonymoushttps://www.blogger.com/profile/15820220635483947518noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-47339992371202218702014-07-24T05:15:45.513-07:002014-07-24T05:15:45.513-07:00Paul how can you prove and provide evidence of you...Paul how can you prove and provide evidence of your assertion regarding the percentage numbers of traders and what they believe in? <br /><br />Im curious to know where and how you can quantify and also qualify the opioons of these traders.<br /><br />I am intrested in Balance because the internet blogsphere attracts Economic Naysayer conspiracists and Gold bugs like mealy mouthed moths to an old flickering street lamp. <br />I can easily rattle off a large number of blog sites that are very myopic on the movement of Gold. In no order here is a small list without the big stars of the goldbuggery world.<br /><br />wolfstreet<br />goldseek<br />jsmineset<br />goldbroker<br />rikgreeninvestorforum<br />golemxiv<br />goldsilver<br />goldsilverworlds<br />usagold<br />bullmarketthinking<br />lemetropolecafe<br />europacmetals<br />sufiy.blogspot<br />srsroccoreport<br /><br />I could go on, but its obvious Goldbugs outnumber rational traders substantially, And of those 3 sites you pasted <br /><br />1: Gata has been mentioned by Dan who used to write for them and has he said that he was uncomfortable with the pressure to be constantly bullish and has stepped back.<br /><br />2:This aggregate link blog (like ZH) just doesn't want to load for me? always timing out... so i cannot take a critical look<br /><br />3. Koos is new to the PM investment world, he is a qualified sound engineer and only started Gold blogging in 2013. As such he lacks depth of experience in this industry and he is obviously trying to make a living from Gold blogging instead of trading the actual metal and following price movement in the market. <br />As such the nature of making a living out of blogging means he constantly rubs shoulders via interviewing and reposting material from many well known one eyed Gold bugs such as Rickard, Sprott, Schall, Stanczyk, T Ferguson, Ristori etc etc. He has inadvertently hitched a ride on the Professional Gold Bug Gravy Train. <br />I am yet to see in any of his numerous articles and interviews one guest or interviewee that thinks Gold can and will drop in price.<br /><br /><br />So out of those meagre 3 links you posted, I can say that 2 are useless for trying to actively trade the PM market, they completely fail the bias test. Again please show us all where these mythical rational Gold bloggers live.Anonymoushttps://www.blogger.com/profile/06691090216374052492noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-26474493832693089782014-07-24T05:12:05.906-07:002014-07-24T05:12:05.906-07:00Interesting that Shitkah has to use the profile pi...Interesting that Shitkah has to use the profile picture of Indian movie starlet Preetika Rao.<br /><br />That just oozes trust and respectability, I mean these days who doesn't take financial advice from someone advertising a picture of say Brittany Spears, Megan Fox or even Paris Hilton.... Right?Anonymoushttps://www.blogger.com/profile/06691090216374052492noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-63972757183949293132014-07-24T04:30:19.555-07:002014-07-24T04:30:19.555-07:00"If you and Dan are truly saying "that G..."If you and Dan are truly saying "that Gold is NOT manipulated always, all the time.", then you are stating the blooming obvious, which even the most strident gold investors understand."<br /><br />It sure doesn't seem so to me, though I'd hope you were right :)Anonymoushttps://www.blogger.com/profile/00335835171576180359noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-21851858174347800242014-07-24T04:26:58.001-07:002014-07-24T04:26:58.001-07:00Zzz.... Zhikah Donk, why do you bother writing a s...Zzz.... Zhikah Donk, why do you bother writing a sentence before your spam...oh, ok, you don't even exist? You are just an automated stupid BOT?<br />I see...<br />Capital Stars is shit Capital Stars is shit Capital Stars is shit.<br /><br />Hey, who knows, maybe Google search engine is so sophisticated now that it will send back "shit" as first result if I write your bloody stupid website inside it now... Anonymoushttps://www.blogger.com/profile/00335835171576180359noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-31239527662412552552014-07-24T02:21:10.065-07:002014-07-24T02:21:10.065-07:00Copper climbed for a fourth day, the longest rally...Copper climbed for a fourth day, the longest rally in three weeks, on better-than-expected manufacturing data from China, the world’s largest user of industrial metals.<br /><a href="http://www.capitalstars.com/agri.php" rel="nofollow">Commodity Intraday Tips</a>Best Commodity | XAUUSD GOLD |CRUDEOIL |Service Providerhttps://www.blogger.com/profile/03807330453349878945noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-2447247862595315972014-07-24T02:11:10.188-07:002014-07-24T02:11:10.188-07:00Marvin, you need to read a bit more carefully. I h...Marvin, you need to read a bit more carefully. I have repeatedly made the point that gold "traders" make up only a small percentage of those who believe that prices have been manipulated, and are therefore not accurately representative of the broader group.<br /><br />Furthermore, your suggestion that somehow a "balance" is required between the types of bloggers who focus on gold in order to reflect some correlation with actual numbers is ludicrous. <br /><br />Some thoughtful observers of the gold market include Chris Powell of GATA. Here's an overview of his research into gold price suppression:<br /><br />http://www.gata.org/node/13644<br /><br />Pater Tenebrarum's Acting Man blog:<br /><br />http://www.acting-man.com<br /><br />Pater comments intelligently on many political and economic topics, including gold. Here's a link from his site to a recent pdf report on gold by Incrementum AG:<br /><br />http://www.acting-man.com/blog/media/2014/06/In-Gold-We-Trust-Report-2014.pdf<br /> <br />Koos Jansen is another thoughtful observer who does excellent, and at times unique research:<br /><br />http://www.ingoldwetrust.ch<br />Paul Warfieldhttps://www.blogger.com/profile/15395649881637041633noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-25984978512066985482014-07-24T01:08:28.526-07:002014-07-24T01:08:28.526-07:00Paul how about you provide some url links to blogs...Paul how about you provide some url links to blogs for these supposed thoughtful and measured gold traders? <br /><br />The exhaustive list of shrills needs some balance. I do hope you have a very comprehensive listing to balance the very long list of shrills. Afterall you do say these investors are the majority.<br />Anonymoushttps://www.blogger.com/profile/06691090216374052492noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-332321388363080672014-07-24T00:48:26.447-07:002014-07-24T00:48:26.447-07:00The problem with your point, Hubert, as I touched ...The problem with your point, Hubert, as I touched on below, is that Dan behaves as if Eric King's headlines represent the views of the majority of those believe that some manipulation does take place, which is ridiculous on its face.<br /><br />Even the subset of shrill bloggers who claim manipulation don't do so every time that the price of gold falls. Dan's posts, like the one above, are like the works of a caricature artist, who exaggerates for effect.<br /><br />If you and Dan are truly saying "that Gold is NOT manipulated always, all the time.", then you are stating the blooming obvious, which even the most strident gold investors understand. And in any case, the message is being undercut by Dan's stereotyping.Paul Warfieldhttps://www.blogger.com/profile/15395649881637041633noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-48658491351917698102014-07-24T00:45:26.771-07:002014-07-24T00:45:26.771-07:00I think Armstrong is right on that one : internati...I think Armstrong is right on that one : international money flow is what matters, not only domesting.<br /><br />I think Eric de Groot is right on that one : concentration can reach huge levels before a market reverses. Concentration is a preliminary signal which portends potential of a reverse, then needing a technical trigger. So let's wait for it :)<br /><br />I think I'm right about that one :) : SP500 is in a very simple cristal clear strong uptrend on the 2week timescale. The ma20 is linear, and parallel to the uptrend. It's perfect. Someday it will break, meanwhile, it's bullish. And it may last quite a while, given that each candle lasts 2 weeks on this time unit...support now at 1900 $ level.<br />Anonymoushttps://www.blogger.com/profile/00335835171576180359noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-31956076072350892552014-07-24T00:40:47.545-07:002014-07-24T00:40:47.545-07:00Add timing to the problems with Dan's tortured...Add timing to the problems with Dan's tortured, straw man laden analogy that kjm and So Close have touched on. The volatility that he highlights in this post happened "early in the session", which, of course, is not the same as dumping a huge number of contracts during the most illiquid periods as is often seen in the gold futures market.<br /><br />Also, sadly, Dan continues to conflate a small, shrill, sub-section of those who believe that gold prices have been manipulated to some degree with those who have a much more measured perspective. In fact, the vast majority of those who own gold are NOT traders, and hold the metal as a form of long-term insurance. They do not, contrary to Dan's frequent straw man claims, yelp that every jump down in price is the result of manipulation, and they are also well aware of the fact that there are many other variables at play.<br /><br />What would be both more useful and impressive would be if Dan were to respond specifically to posts by some of the more thoughtful and measured bloggers who follow the gold market closely, and believe that manipulation does take place at times. Taking shots at King World headlines is neither useful, nor does it provide meaningful insight.<br /><br />Finally, the irony is that while it is an established fact that the U.S. government has manipulated gold prices in the past, Dan would have us believe that now, during a period in which the dollar is at much greater risk, and "modern" futures markets coupled with a digital printing press have provided it with a much easier way to exert influence, there's nothing to see here, folks!Paul Warfieldhttps://www.blogger.com/profile/15395649881637041633noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-88931419558526955612014-07-24T00:38:32.165-07:002014-07-24T00:38:32.165-07:00kjm, Dan many times mentioned gold as being the an...kjm, Dan many times mentioned gold as being the anti dollar.<br />Personally, I'd also tell you that it is not a secret that gold prices are considered strategic and sometimes manipulated, especially when out of control on the way up, which Dan also acknowledged if I remember correctly.<br /><br />What we are saying here is that Gold is NOT manipulated always, all the time.<br />What we are saying is that the wild short term price swings you can witness on gold intraday are not specific of gold most of the time but happen to practically all other markets.<br />What we are saying is that this is due to robots taking over human traders.<br />Huge volatility due to "all in" bets, are replacing traditional "prehistoric" trading when human were placing their orders.<br /> As a result, you can see huge price swings on gold AND many other markets, on the way down AND on the way up.<br /><br />Most other blogs "gold bug oriented" nearly ALWAYS forget the AND...and the second side of the equation. They focus only on what they want to see. They focus only on the facts which prove their theory. It is a terrible blunder when you do trading : interpret the market to fit your theory, instead of remaining humble and follow the signals of the market, with full objectivity.<br />Obviously, they are not traders, or they would know better.<br />Hope you will lean from Dan while you read this blog.<br />Regards,<br /><br />Anonymoushttps://www.blogger.com/profile/00335835171576180359noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-81489317159515955452014-07-24T00:29:25.226-07:002014-07-24T00:29:25.226-07:00COT are bullish...wow!!
Thanks for a good laugh, i...COT are bullish...wow!!<br />Thanks for a good laugh, it's exactly that most of the time :)<br /><br />EurUsd : <br /><br />Chart daily - http://i60.tinypic.com/2rx8qbb.jpg<br />My strategy is KISS (Keep It Stupid Simple), so maybe not appropriate, anyway : I'm gambling on the fact that EUR USD is following the blue channel downtrend. Support and first target would therefore be around 1.3350 if prices keep dropping quickly. So I would make some profit of my short position if we reach the blue line on the chart. My longer term profit is the next Fibo level on the weekly time scale, i.e around 1.3150.<br />But...because of the manipulators, my brilliant theories may still be wrong, so I have to find a level to invalidate the scenario. The ema15 daily heading down near 1.3540 seems to fit the role.<br />Mre or less, I'm taking a 0.60 dollar risk on my position (short 1.3485 under the Fibo) with a first target at 1.3350, i.e 1.30 $ reward. It's not huge ratio (>2 to 1), but next target is 1.3150 and I hope we'll get there too. Besides, ema15 is heading down every day, so I can trail down my stop loss with it.<br /><br />Gold : a close under the mlh inf of the weekly timescale Andrew's pitchfork would negate the bullish trend a little more, and probably induce a re-test of the next Fibo level at 1278. After going long at 1335 (and out 1336), then at 1308 (and out at 1305), don't miss my next long entry on gold at 1278 :)<br /><br />Have a nice day,<br /><br />Anonymoushttps://www.blogger.com/profile/00335835171576180359noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-64003948518423139762014-07-23T22:56:10.855-07:002014-07-23T22:56:10.855-07:00Another mystic. Another mystic. Jasperhttps://www.blogger.com/profile/03831704112998990130noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-31113401805522372882014-07-23T22:38:38.940-07:002014-07-23T22:38:38.940-07:00Dan, there's only one problem with your gold c...Dan, there's only one problem with your gold comments. Gold is only a small part a commodity. It is much more actual money so naturally it competes with currencies, mainly the dollar. Why would it be surprising that the Fed would want to cap the price? It doesn't make a lot of sense to lump golds wild swings in with corn and pork bellies.kjmhttps://www.blogger.com/profile/00302516280937449801noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-33687108220667118252014-07-23T20:56:34.438-07:002014-07-23T20:56:34.438-07:00Dan thanks for your thoughts and illustration on t...Dan thanks for your thoughts and illustration on the volatility out there. Lots to be said for small positions with stops in place with this going on. Trinity traderhttps://www.blogger.com/profile/04724567191536534544noreply@blogger.com