tag:blogger.com,1999:blog-1708908742323002823.post6836465500977699422..comments2024-02-10T02:18:27.240-08:00Comments on Trader Dan's Market Views: Gold - 4 Hour chart update and commentsTrader Danhttp://www.blogger.com/profile/05484363461047659198noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-1708908742323002823.post-79775264841186826842011-06-02T03:01:48.279-07:002011-06-02T03:01:48.279-07:00Dan, you say:
"If they push in another round ...Dan, you say:<br />"If they push in another round of stimulus, they are going to get a collapse in bond prices alongside a surge in equities and commodities" I do not think so. A collapse of bond prices seems a reasonable expectation but it is my opinion that equities and commodities could initially surge (for one or two days maximum)but will fall after.<br />The market did not react to Goldman Sachs statement saying that investors should buy commodities and this is a huge change with previous "statements" from GS where the market blindly followed the recommendations.<br />Second, when the Fed announces QE3 we should see a fall of the USD which should be positive for all commodities...except this time I expect a short term rise (of the commodities) due to what you call algorithms followed quickly by a fall when the market finally realize that this is "deja vu" and the US economy will not respond to the stimulus -as seen with QE1 and QE2. This is when you start to see the international community switching quickly from USD denominated commodities to either a basket of currencies (including gold) or what we have been seeing in the last 12 months states agreement where the trades are done in state's currencies (China with Venezuela or Russia or Brazil...)<br />QE3 will prove to be the finale nail on the US coffin.Huberthttps://www.blogger.com/profile/05233332512788687701noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-90842161209281570802011-06-01T15:18:42.281-07:002011-06-01T15:18:42.281-07:00Dan,
Could you comment on silver after the latest...Dan,<br /><br />Could you comment on silver after the latest drop below $37 today. Do you still see it making a run towards $40 in the near term (next 2 weeks).<br /><br />ThanksBob Doehttps://www.blogger.com/profile/02931742578949726637noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-63669911927029671192011-06-01T14:47:53.830-07:002011-06-01T14:47:53.830-07:00The bond prices point to a possible QE 3The bond prices point to a possible QE 3montghttps://www.blogger.com/profile/03688196703753050830noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-29489758952836770492011-06-01T13:27:29.877-07:002011-06-01T13:27:29.877-07:00Great report unfortunately gold has pulled back to...Great report unfortunately gold has pulled back to around 1538 from its high --this always seems to happen to gold when it gets up around 1% then is capped and starts to fade back-There have been many studies done and gold is almost never allowed to rise more than 1% never--<br />Lets see what the jobs report on Friday comes out as.I'm sure they will do their best to fudge the report as they do all the others they put out.If its bad gold could really take off or just the opposite could happen with a report below expectationsRoberthttps://www.blogger.com/profile/00312302955234587786noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-90885493575370994342011-06-01T13:08:59.375-07:002011-06-01T13:08:59.375-07:00Any idea about silver action? More than 1usd fall ...Any idea about silver action? More than 1usd fall in less than an hour?Radohttps://www.blogger.com/profile/12551237269291831781noreply@blogger.com