tag:blogger.com,1999:blog-1708908742323002823.post6004261206220546937..comments2024-02-10T02:18:27.240-08:00Comments on Trader Dan's Market Views: US Dollar Relieving Overbought ConditionTrader Danhttp://www.blogger.com/profile/05484363461047659198noreply@blogger.comBlogger68125tag:blogger.com,1999:blog-1708908742323002823.post-71044592474201113702014-12-01T13:12:52.540-08:002014-12-01T13:12:52.540-08:00i think you have things handled Peter! :-)
i do ...i think you have things handled Peter! :-)<br /><br />i do wonder if gold finally bottomed though. <br /><br />one thing i can say is the computer algos have a huge advantage over human beings. they have no emotion. i have never seen markets get so overbought and oversold. next you feel like jumping from the roof, throw your computer off instead.<br /><br />this time is different folks, well at least in magnitude. well, i am busted anyway. but i cannot help but watch this insanity. peckerwoodhttps://www.blogger.com/profile/00741664412098028698noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-25091066538885316342014-12-01T09:23:20.886-08:002014-12-01T09:23:20.886-08:00Its a hard pop into resistance closing the gap in ...Its a hard pop into resistance closing the gap in gld. Not confirmed by the miners. I dont think much of this.Jasperhttps://www.blogger.com/profile/03831704112998990130noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-17314870197238239912014-12-01T09:08:46.659-08:002014-12-01T09:08:46.659-08:00It's awfully lonely and dark in here. I think ...It's awfully lonely and dark in here. I think the lights have gone out. Peckerwood, are you there?<br /><br /><br />Anonymoushttps://www.blogger.com/profile/14350770008155145049noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-33499245775016038602014-12-01T09:06:35.692-08:002014-12-01T09:06:35.692-08:00Gold bursts through $1200. Everybody wrong as usua...Gold bursts through $1200. Everybody wrong as usual.Anonymoushttps://www.blogger.com/profile/14350770008155145049noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-63175407166448730302014-12-01T07:09:13.130-08:002014-12-01T07:09:13.130-08:00Gold now nuzzling $1200. "Yummy, yummy, yummy...Gold now nuzzling $1200. "Yummy, yummy, yummy," says gold, "I've got luv in my tummy."Anonymoushttps://www.blogger.com/profile/14350770008155145049noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-77640018699806198082014-12-01T06:53:24.812-08:002014-12-01T06:53:24.812-08:00We have lift off! We have lift off! Gold pops abov...We have lift off! We have lift off! Gold pops above the magic number of 1180. This could be trend change and the bottoms are in - yet again - when we thought that only British public school types were so obsessed with them.Anonymoushttps://www.blogger.com/profile/14350770008155145049noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-12750234424241130122014-12-01T05:51:29.132-08:002014-12-01T05:51:29.132-08:00My 5 predictions for Harry Dent:
1. That he will ...My 5 predictions for Harry Dent:<br /><br />1. That he will spend a great deal of money on advertising.<br />2. That he will be wrong on almost everything he predicts.<br />3. That he will have an excuse for every wrong prediction he makes.<br />4. That he is looking to catch a wave by making wild statements.<br />5. That he doesn't actually know whether he is coming or going.Anonymoushttps://www.blogger.com/profile/14350770008155145049noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-61818088285544109042014-12-01T05:38:42.959-08:002014-12-01T05:38:42.959-08:00Gold rises dramatically, just as was counter intui...Gold rises dramatically, just as was counter intuitively predicted. JNUGERS get ready to party, but don't hold for long. Eric, were you there, or are you still moping over your unpurchased airline sticks? Good news for gold is that all obstacles are out of the way, with Injuns now on the warpath. No more government intervention, as they must surely want a higher gold price, with deflationary fears, and too strong dollar. Throw away your training manual!Anonymoushttps://www.blogger.com/profile/14350770008155145049noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-43758219277503387952014-12-01T05:20:50.173-08:002014-12-01T05:20:50.173-08:00Man this volatility is making me c r a z y Man this volatility is making me c r a z y Lorenhttps://www.blogger.com/profile/01786341405874071932noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-65090839426779987232014-12-01T04:12:18.664-08:002014-12-01T04:12:18.664-08:00And now metals are higher. Twilight zone action o...And now metals are higher. Twilight zone action overnight. Silver with flash crashes in both directions. That should give the commentariat plenty to jibber jabber about. Both sides have their talking points. "Way up off the lows!" "Way down off the highs!"<br /><br />So is this it? Is this the "final low" the idiots have been blathering about for three years? Anything is possible, but the odds don't support it. The trend is still down.Eric Originalhttps://www.blogger.com/profile/09663512536878956249noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-34053514320587867122014-11-30T23:38:58.898-08:002014-11-30T23:38:58.898-08:00I'll be in mammoth enjoying that snow pack.I'll be in mammoth enjoying that snow pack.Anonymoushttps://www.blogger.com/profile/14402813144617472316noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-28994733299778833062014-11-30T20:18:55.438-08:002014-11-30T20:18:55.438-08:00Silver breaks $15 so set for a trip to $10. Gold w...Silver breaks $15 so set for a trip to $10. Gold was always going back to the $1,000 area. Once noticed that currencies are no better than gold or silver, the metals recover and start the trek back up. Anywhere from 3 months to less than a year for a bottom to be put in.<br /><br />Oil is just fascinating. Between $30 to $60 then cutbacks on exploration and drilling for money savings will show up but even with that, next year projections for US production calls for 20% more out of the ground even with cutbacks.<br /><br />Was getting takeout last year and the counter girl said she hadn't done xmas shopping yet. I said the real xmas starts after the 25th. Her immediate response was, "What do I tell my 3 girls?" (all under age 7). Told I didn't know but might have some new kids clothes for them she could have. Saw her next a day or two after xmas and gave her the items and said to bad it was late. She said prices were already 50% to 75% off on after xmas sales and clearances and had discovered the 'Day Of The Magi' to cover for a late celebration with her girls. Her Hispanic roots probably made that celebration a bit more satisfying.anonymoushttps://www.blogger.com/profile/13458537409932488443noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-34298282984292132212014-11-30T18:26:50.605-08:002014-11-30T18:26:50.605-08:00maybe the markets are smarter than all of us, and ...maybe the markets are smarter than all of us, and forward looking too. i remember hearing that somewhere. so gold peaked long before QE ended. maybe gold did rise with inflation expectations, but QE only really kept us out of a much deeper downturn. i hope for the sake of the world's economy that the precious metals, energy, commodities in general aren't predicting a deep depression. i have to believe that even the central banks must be getting quite nervous now. i doubt they want the metals to fall any more from here. deflation, or even expectations of that tend to be terminal to an economy - just look at Japan. peckerwoodhttps://www.blogger.com/profile/00741664412098028698noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-28948456995962116682014-11-30T17:53:16.960-08:002014-11-30T17:53:16.960-08:00Yeah, I saw that $14.09 also but didn't see it...Yeah, I saw that $14.09 also but didn't see it on the chart.<br />Looks like a little bit below $14.50 <br /><br />The reaction in the London market should be interesting for gold in particular. You'd think it would drop again or react negatively.<br />I guess we'll soon find out.<br /><br />Sub $1000 gold doesn't seem too farfetched at this point when you see what the hype and expectations can do to the price so quickly.<br /><br />If peace suddenly broke out in the <br />Ukraine I think we'd slice through $1100 like it wasn't even there.<br />Sub-$60 oil might have the same effect at some point.DarkPurpleHazehttps://www.blogger.com/profile/06725074790604681185noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-47673087692050289682014-11-30T17:18:21.889-08:002014-11-30T17:18:21.889-08:00Good thing I can get $5 (Canadian) for my maples.....Good thing I can get $5 (Canadian) for my maples...no matter how low it goes. Looks like quite low volume for a drop like this. Looks like NOBODY was interested in buying silver $15.50 to 14.50.Scruffhttps://www.blogger.com/profile/00985275097530127312noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-46105042556881627582014-11-30T17:15:58.187-08:002014-11-30T17:15:58.187-08:00Anything is possible. The trend is down, that...Anything is possible. The trend is down, that's all I know for sure.Eric Originalhttps://www.blogger.com/profile/09663512536878956249noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-85779804165325954282014-11-30T17:14:54.419-08:002014-11-30T17:14:54.419-08:00Scary stuff here for the 'bugs. $600 gold an...Scary stuff here for the 'bugs. $600 gold and $5 silver anyone? <br /><br />http://www.forbes.com/sites/jessecolombo/2014/11/30/these-three-charts-should-terrify-precious-metals-investors/Eric Originalhttps://www.blogger.com/profile/09663512536878956249noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-6624543382971116332014-11-30T15:46:49.070-08:002014-11-30T15:46:49.070-08:00Kitco says the flash low was 14.09. Wow.
A bunch...Kitco says the flash low was 14.09. Wow.<br />A bunch of the "BTFD" guys just lost a buck in minutes.Eric Originalhttps://www.blogger.com/profile/09663512536878956249noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-76947994484503612712014-11-30T15:44:13.282-08:002014-11-30T15:44:13.282-08:00Silver just puked. I was wondering if tonight was...Silver just puked. I was wondering if tonight was the night we see 14.99, and suddenly it just cut right through it like butter. 14.55??<br /><br /> I'm not sorry for anyone though. They had three years of fair warning.Eric Originalhttps://www.blogger.com/profile/09663512536878956249noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-78184093516311895922014-11-30T15:42:46.387-08:002014-11-30T15:42:46.387-08:00The same derivatives collapse drama that never col...The same derivatives collapse drama that never collapsed back in 2008-09 when oil hit the high $30's is not going to happen this time around with oil in the $60's?<br /><br />Why would it? I'd like to see the logic behind that assertion instead of the doomer/anxiety level coming out of some people that's dramatic enough for others to become emeshed in.<br /><br />Gold will break $1100 at some point if the trend we're watching stays on course. One look at at10 year gold chart tells you at this point it' probable.<br />The continued denial of that possibility is a gold fever bias that borders on delusional at this point.DarkPurpleHazehttps://www.blogger.com/profile/06725074790604681185noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-59488440439072258512014-11-30T15:35:14.996-08:002014-11-30T15:35:14.996-08:00Yeah, that's it.
High oil prices = Doomsda...Yeah, that's it. <br /><br />High oil prices = Doomsday<br />Low oil prices = Doomsday<br />Fill in the blank = DoomsdayEric Originalhttps://www.blogger.com/profile/09663512536878956249noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-35483269430407331592014-11-30T14:50:29.573-08:002014-11-30T14:50:29.573-08:00That's funny actually.
It just goes to show ho...That's funny actually.<br />It just goes to show how much bluster and bombast has been invested by some who sought to turn this whole Swiss gold thing into something much larger then it was or ever could've been.<br />All the folks who believed/hoped that this SGI was "thee" black swan they desperately needed to see happen were completely misguided.<br />They're always looking for some type of distractive angle in order to move away from the old, wrong prediction.<br /><br />What's next? Collapse of the oil price ushers in the end if the petro-dollar and the derivatives market overall?<br /><br />DarkPurpleHazehttps://www.blogger.com/profile/06725074790604681185noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-38345214264912305592014-11-30T14:41:41.294-08:002014-11-30T14:41:41.294-08:00Loren, the millionaire tax break kind of suprised ...Loren, the millionaire tax break kind of suprised me but only because I'm an average guy.<br />I suppose some might look at it like a Swedish opportunity to stick it to the rich guy/gal and soak them for some taxes.<br />But the more pragmatic Swiss citizen ( who strike me as modern and sophisticated) thought differently and realized where their bread is buttered.<br />It's buttered with foreign investment.DarkPurpleHazehttps://www.blogger.com/profile/06725074790604681185noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-17957207146749950172014-11-30T13:28:27.632-08:002014-11-30T13:28:27.632-08:00That guy is insane as is the average poster on tha...That guy is insane as is the average poster on that site.Jasperhttps://www.blogger.com/profile/03831704112998990130noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-15094571149406861952014-11-30T11:59:12.886-08:002014-11-30T11:59:12.886-08:00I recommend you stay away from trx shem. Its not b...I recommend you stay away from trx shem. Its not being run for the benefit of the shareholders, management cant be trusted to tell the truth about the simplest things and its fundamentally worthless. Good chance its going the way of the dodo. Jasperhttps://www.blogger.com/profile/03831704112998990130noreply@blogger.com