tag:blogger.com,1999:blog-1708908742323002823.post724642603307140598..comments2024-02-10T02:18:27.240-08:00Comments on Trader Dan's Market Views: US Dollar compared to Comex Gold ChartTrader Danhttp://www.blogger.com/profile/05484363461047659198noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1708908742323002823.post-73435555209513428902012-03-04T11:24:10.330-08:002012-03-04T11:24:10.330-08:00Your first chart is quite exceptional - having gol...Your first chart is quite exceptional - having gold on a semi-logarithmic scale demonstrating its exponential rise as being very constant over this period.Tomhttps://www.blogger.com/profile/14701125794767347203noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-28794191857757786142012-03-04T11:11:48.524-08:002012-03-04T11:11:48.524-08:00I am quite surprised to see this post. What I am p...I am quite surprised to see this post. What I am posting below I wrote "sight unseen":<br /><br />Honesty is such a lonely word/ is hardly ever heard – song by Billy Joel<br />It is difficult to explain away the silver and gold markets’ action Wednesday, other than by some sort of “intervention”. People who trade markets understand when a rising market takes out stops, as happened Tuesday, you get an acceleration of the price movement. Often prices slide back to test the breakout point – a flash crash the very next day is not at all normal! Can you imagine that in Europe politicians are proposing to tax high speed trading – I mean do they not know better than to interfere with free markets? Obviously I am using the absurd to prove my point. Sure governments are addicted to debt, but as the American pie (economy) starts to shrink, what are you going to consider to be the root cause as you look back at this present time? I think we have gone astray with excessive speculation. It used to be that a balanced portfolio was prudent, losses in one area were compensated by gains in another, and the watchword was prudence - you “managed” your risk. Today you hedge, adding risk in another area hoping maybe to gain on both trades. <br />The worker merits his salary. My point here is that in the days of old, most work was manual in nature; for the Romans the pay was in salt, something relatively constant. You can no longer say that of the major currencies – I think Ron Paul does good service by constantly bringing this up. “The worker merits his salary” is a principle that comes straight out of the Bible.<br />So I will keep listening to you guys, waiting for the day that someone openly admits that what we have here is a RACKET – as in racketeer, or racketeering. It is very sad to watch, a certain helplessness sets in, here we are all watching our charts and saying how unfair it is, while some worker is diligently doing his or her job, Salt of the Earth, gaining much less than I would be happy to make in a day - like the workers that made my Levis 501 Original Riveted jeans MADE IN PAKISTAN.Tomhttps://www.blogger.com/profile/14701125794767347203noreply@blogger.com