tag:blogger.com,1999:blog-1708908742323002823.post7946317418947794119..comments2024-02-10T02:18:27.240-08:00Comments on Trader Dan's Market Views: Late Session Surge in Gold Conquers 50 Day Moving AverageTrader Danhttp://www.blogger.com/profile/05484363461047659198noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-1708908742323002823.post-64253307484971994322013-07-24T07:17:09.749-07:002013-07-24T07:17:09.749-07:00Looks like that 10 Year is starting to creep again...Looks like that 10 Year is starting to creep again. Appears to have taken the short term reverse dead cat drop, and ready to spring up, up and away. White Wolfhttps://www.blogger.com/profile/13965194184809848345noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-82817240106817492732013-07-23T23:38:29.260-07:002013-07-23T23:38:29.260-07:00Thanks for the commentary Dan! Was curious why sil...Thanks for the commentary Dan! Was curious why silver needs to get all the way to $22.50 for us to get excited when the 50 DMA is just above $21. Wouldn't a close above this level be a huge step in the right direction?TheGilliomhttps://www.blogger.com/profile/15683076214137118915noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-29325071613087567162013-07-23T23:30:07.938-07:002013-07-23T23:30:07.938-07:00"an UPSIDE CROSSOVER of the 10 day above the ..."an UPSIDE CROSSOVER of the 10 day above the 50 day...could trigger some further fund buying"<br /><br />Thanks a lot for all those clues. They help me a lot consolidate my own toolbox of indicators, and are very valuable coming from an experienced trader!<br /><br />I'm still very careful as long as prices don't close above 1350 $.<br />Here is the 2-days chart.<br />In purple, the Fibo retracements of the 750-1950 move.<br />One can see how we bounced down and up like on a stairway.<br />So...1348 $ is precisely the resistance fibo level, and that's where prices bounced down yesterday.<br />Also, it is the median of the Andrew's fork.<br /><br />I certainly don't have half the understanding you have about how hedge funds react on some indicator such as ma50, so I'm more blind in making my trading décisions.<br />That's why I'll still wait to see 1350 $ clear to consider that the sky is more blue on the long-term as a bull :)<br /><br />http://s16.postimg.org/x6o2qj3l1/gld_2d.jpg<br /><br />Have a nice day and thanks you for the various clues about what is really important to monitor or not.Anonymoushttps://www.blogger.com/profile/00335835171576180359noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-66848369879190559662013-07-23T17:16:18.428-07:002013-07-23T17:16:18.428-07:00"Now if we could just get rid of the damned a..."Now if we could just get rid of the damned annoying radio commercials about how the price is going to double and skyrocket before you can blink...."<br /><br /><br />totally agree with you there, Dan!Anonymoushttps://www.blogger.com/profile/10366683894545649989noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-66641307630207969772013-07-23T16:18:59.559-07:002013-07-23T16:18:59.559-07:00Thanks Dan.
It is interesting that gold did not j...Thanks Dan. <br />It is interesting that gold did not jump much after crossed the 50 DMA resistance level like it did after crossing 1300. Would have expected more significant short covering there.<br />The shorts does not seems to be too concerned about it. Why?<br /><br />Wonder how much Sinclair, Greyerz and the other pseudo gigabulls are getting from the gold miners for keep repeating the same old crap?<br />Easy money.krishttps://www.blogger.com/profile/14708228251692501582noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-27490040559996146222013-07-23T15:51:16.524-07:002013-07-23T15:51:16.524-07:00This needs to be said. The world didnt fall apart ...This needs to be said. The world didnt fall apart after gold hit 1900, so getting back to 1900 could happen without any massive inflation or world changing event. Will just have to see what happens after that time.arniehttps://www.blogger.com/profile/17597016551120682781noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-89310048741152441152013-07-23T15:10:15.374-07:002013-07-23T15:10:15.374-07:00every day that goes by and month ago lows are not ...every day that goes by and month ago lows are not violated strengthens the bull case for sure and we must remain patient; agreed beans and corn headed south big time; and finally, like you say, once the Sinclair and von Greyerz outlandish calls go away the better; you know, for a couple bright guys, I do not think they know the ramifications and implications that go hand in hand with $500 silver and $50,000 gold because if we ever go there I do not want to be around in that kind of hyperinflationary nightmare; just saying in Sparks, Steve Anonymousnoreply@blogger.com