tag:blogger.com,1999:blog-1708908742323002823.post6606406852090769960..comments2024-02-10T02:18:27.240-08:00Comments on Trader Dan's Market Views: Euro Yen Cross - ReduxTrader Danhttp://www.blogger.com/profile/05484363461047659198noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-1708908742323002823.post-49248569686257632272012-12-23T03:31:28.421-08:002012-12-23T03:31:28.421-08:00Arnie,
That's well noted, and I noticed it too...Arnie,<br />That's well noted, and I noticed it too. <br />Gold moving up or down with the dollar, instead of against the dollar, would mean that this paper gold market is losing the function of performing as a dollar hedge.<br />Though this week, it might have been also because of huge manipulation that pushed gold and silver lower while other commodities did move in the other direction.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-60984467460549361792012-12-20T02:30:26.837-08:002012-12-20T02:30:26.837-08:00I don't perceive very what is going on on. one...I don't perceive very what is going on on. one thing concerning Goldensachs (Hope I even have his name right?) scandalizing the folks and stealing the cash or one thing.<br />And purportedly he is a someone or one thing.Can somebody notify American state what is going on on and what is the scandal about Greece?<br /><a href="http://dtharris.com" rel="nofollow">Empower Network</a>Anonymoushttps://www.blogger.com/profile/15376696655298877386noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-44721933991664907722012-12-19T18:12:23.088-08:002012-12-19T18:12:23.088-08:00Mark - All these machinations by the feds in regar...Mark - All these machinations by the feds in regards to the gold market are accomplishing is to merely facilitate the movement of gold from the West to the Rising East. <br /><br />It is a shortsighted, foolish attempt to keep the game going. Rest assured that if we know this, the East knows it much more than we do and are making their plans, (long term strategy) accordingly.<br /><br />We will watch economic power slowly but surely move from the West to the East unless and until we get structural reforms which of course, we can never expect to happen with this group of politicians who love to spend and spend and spend.Trader Danhttps://www.blogger.com/profile/05484363461047659198noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-51257645809911948992012-12-19T17:34:26.584-08:002012-12-19T17:34:26.584-08:00Dan,
Thank you for responding. I completely under...Dan,<br /><br />Thank you for responding. I completely understand where you're coming from. That's why you're Trader Dan. You go with the market, where ever it leads. That's how you make money. Of course if someone was manipulationg the market, you and professionals like you would be counted on to repond in that manner, by that someone. So it sounds like a game of dominoes. Kick a few over and make many more follow. If enough don't follow, kick some more over.Markhttps://www.blogger.com/profile/13802125515069089580noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-39637229473255935022012-12-19T16:38:53.765-08:002012-12-19T16:38:53.765-08:00Mark -
I am not missing your point about the big...Mark - <br /><br />I am not missing your point about the big bank shorts. I am only trying to tell you that as a trader it makes no difference to me when analyzing the market. I was not commenting on the merits of the size of that short position.<br />In other words, as a trader, I have to take into account the price action and the levels of chart support or chart resistance. It matters not FROM WHERE the selling or buying is coming when analyzing the technical aspects of the market, only that support levels or resistance levels are taken out as a result of the buying or selling.<br /><br />In regards to the actual percentage of the large shorts. The user/producer/processor category currently holds 35.9% of the shorts in the futures and options of silver. The swap dealers hold 15.9% of the total shorts. Sum them together and you get about 52%.<br /><br />I have seen these two combined total closer to 58-59% of the total short interest in futures and options combined previous to that. They might have been even higher. I just have not gone back any further than the last couple of years to check.<br /><br />I have learned that as much as I agree that the gold market is rigged, it is not going to do me any good as a trader to complain about it. I can only accept that it is a reality and learn to adapt my trading strategy around that fact if I hope to profit.<br /><br />The feds are going to sit on gold as long as they can in order to disparage it as any indicator of the harm they are inflicting on our financial systems and our markets in general. GATA has been valiantly leading the charge to make this news more widespread with more success, I am happy to say, with the passing of each year.<br /><br />However, as a TRADER, I have to simply play with the cards that are dealt me. I hope you can understand where I am coming from on this.<br /><br />Thanks for writing,<br />DAnTrader Danhttps://www.blogger.com/profile/05484363461047659198noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-16574948210122683592012-12-19T14:57:38.690-08:002012-12-19T14:57:38.690-08:00Dan,
Thanks for your reply, but you're missin...Dan,<br /><br />Thanks for your reply, but you're missing the BIG point. Chilton says the big short is only short 11% of the market, so there IS no manipulative position. Butler says he is clearly wrong, it's 34%, JPM is holding it, and the CTFC aren't doing their job because they don't know what is going on!<br /><br />I wanted your opinion on who you feel is correct.Markhttps://www.blogger.com/profile/13802125515069089580noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-37248254206449518322012-12-19T13:20:24.001-08:002012-12-19T13:20:24.001-08:00Mark - I personally do not pay any attention to th...Mark - I personally do not pay any attention to the Bank Participation report as it has absolutely no use to me as a trader. I just track the major categories of longs and shorts.<br /><br />Butler's complaints have been the same as always - that just a few large banks have the largest share of the short position in silver. That has been the case for seemingly forever but I do not see that changing any time soon. The cure for this is either big entities taking delivery of the silver out of the Comex (which they never will do apparently) or merely waiting for the inevitable wave of inflation that will surely follow all of this Central Bank money printing. That will take silver, and everything else for that matter, higher.<br /><br /><br /><br />There is nothing new about that.Trader Danhttps://www.blogger.com/profile/05484363461047659198noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-91477398318424339452012-12-19T12:56:29.621-08:002012-12-19T12:56:29.621-08:00Dan,
Ted Butler has accused the CFTC of not under...Dan,<br /><br />Ted Butler has accused the CFTC of not understandering The Bank Participation reports. This is amazing! What is your take on Ted's claim?Markhttps://www.blogger.com/profile/13802125515069089580noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-22063382470968620932012-12-19T12:12:03.268-08:002012-12-19T12:12:03.268-08:00Just a comment about gold. Have been doing this fo...Just a comment about gold. Have been doing this for a long time as an investor and trader. The euro cant go from 127 to 133 and gold at the same time go from 1725 to 1660. Its actually sinful.arniehttps://www.blogger.com/profile/17597016551120682781noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-89744859637499586402012-12-19T09:11:59.759-08:002012-12-19T09:11:59.759-08:00So my question would be that does that money need ...So my question would be that does that money need to come to the US? Why wouldn't it potentially go into other markets like China which seems to have bottomed and turning up? Has there also been a Dollar carry trade? I guess that money has been running toward US large caps like Apple, Amazon, and Dow stocks?Senior Traderhttps://www.blogger.com/profile/17121711908664577781noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-40140938631904091812012-12-18T15:47:58.129-08:002012-12-18T15:47:58.129-08:00Dan,
You are a wise man. They are trying t contr...Dan, <br />You are a wise man. They are trying t control a world market with but mere mortals. GS, JPM, C, BAC, Geitner, and the immortal Godly Figure, Bernanke..) It is not ready to implode but your analysis is spot on. Looks like that Political Seat you have been seeking will seek you. Matter of time again. Tick...Tock...Tick...tock..but then again the printing presses and MSM will confuse these young algo freak traders... Huh...what is going on? Must be common sense. Love you Danno. Especially since the November posting. Watching a Master at work. Jim aint too bad himself. Scary, but losses are minmalized. I am an American ready to accept facts. Real Facts. Not some imagined newly legislated CPI stats. Thank you personally for all you do. I feel like a degree in Finance and Economics obtained during the more truthful Reagan years will help, and very soon.White Wolfhttps://www.blogger.com/profile/13965194184809848345noreply@blogger.com