tag:blogger.com,1999:blog-1708908742323002823.post821796727702197472..comments2024-02-10T02:18:27.240-08:00Comments on Trader Dan's Market Views: ECB Chatter Weakens Euro; Dollar RisesTrader Danhttp://www.blogger.com/profile/05484363461047659198noreply@blogger.comBlogger53125tag:blogger.com,1999:blog-1708908742323002823.post-68224216579847274702014-03-27T10:36:41.404-07:002014-03-27T10:36:41.404-07:00Actually I was in a small tad and added a bit, not...Actually I was in a small tad and added a bit, not to the GDXJ but the GDX. I am up about 5%, would have been more but the add near the recent top hurt me. I would add that currently YTD the GDX is up about 10% while the NASTY NASDAQ is about even. Take them appples. As far as your Keynsian Cultism is concerned it only keeps working till it doesn't. All the bubbles have been pumped into the stratosphere. Take that Ally example. Let's see. GMAC blew up, toxic debt and mortgages (subprime). Govt rescue (yeahhh), what do they do. Blow up Ally with subprime auto paper. Then since the Treasury owns 34%, sell now while the portfolio is young. The margins are low, the residual on the vehicles are high (pmts low) and the borrowers are all subprime. Now then get the Big Investment bankers to charge people to buy the IPO at the now recovered highs and see if they can get the Treasury out of the company. Good luck, but if I was you, I really would not invest in it. White Wolfhttps://www.blogger.com/profile/13965194184809848345noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-84703383919536989862014-03-27T10:12:33.080-07:002014-03-27T10:12:33.080-07:00So I have bought the last third of MUX , I have de...So I have bought the last third of MUX , I have decided to allocate the remaining third of LSG to MUX , hence , LSG remains completed , and MUX I am 75% in , so I have a bit more powder remaining … in my opinion this things are falling off the bed with no volume today …tomorrow is happy friday , so we shall see … you snooze you loose … Anonhttps://www.blogger.com/profile/01595034035769200702noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-11457946950521718312014-03-27T10:05:58.130-07:002014-03-27T10:05:58.130-07:00but Mark, you did not see the 7 astonishing gold c...but Mark, you did not see the 7 astonishing gold charts; sparksAnonymoushttps://www.blogger.com/profile/15820220635483947518noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-19093953842810370962014-03-27T09:41:56.249-07:002014-03-27T09:41:56.249-07:00Eric King should have put that picture of the hyrd...Eric King should have put that picture of the hyrdogen bomb explosion next to a chart of GDX/GLD ratio on StockCharts.<br /><br />LOL.....Markhttps://www.blogger.com/profile/13068811838777958318noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-83107383678279901892014-03-27T09:24:19.708-07:002014-03-27T09:24:19.708-07:00I'll admit I'm giddy because I actually ma...I'll admit I'm giddy because I actually managed to relieve myself of a lot of my remaining miner positions at close to the interim high + roll it into DUST. MDLGTOhttps://www.blogger.com/profile/06636563285000423292noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-61964679564653608442014-03-27T09:19:56.170-07:002014-03-27T09:19:56.170-07:00Steve, you're revealing yourself to be the 1%....Steve, you're revealing yourself to be the 1%. Wild salmon & porterhouse? Little known fact, Silver is known as the chicken of the precious metals complex. MDLGTOhttps://www.blogger.com/profile/06636563285000423292noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-17014829485267305282014-03-27T09:17:31.096-07:002014-03-27T09:17:31.096-07:00Mark, Mines don't have windows...
Speaking of ...Mark, Mines don't have windows...<br />Speaking of circling the toilet bowl, Kinross is down about 25% from its peaklet. It looks like it will finish the month with its worst close since about 2002. Obviously, having 1/4 of their production from their lowest cost mine in Russia (Kupol) is not so great. MDLGTOhttps://www.blogger.com/profile/06636563285000423292noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-65332377476932324542014-03-27T09:14:07.391-07:002014-03-27T09:14:07.391-07:00Looks like emerging markets are getting squeezed b...Looks like emerging markets are getting squeezed big time. Millions of hedge funds were short EEM, EWZ, ILF, etc. and long QQQ and IWM and that trade is unraveling quickly.<br /><br />Same with those that piled into GLD and GDX and shorted RSX on Ukraine fears, those guys also getting taken to the woodshed.<br /><br />Newmont Mining all the way down to $22 while Alcoa is at 52-week highs, offering more proof of the coming boom in the economy with zero inflation risks.Markhttps://www.blogger.com/profile/13068811838777958318noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-23852494336548699412014-03-27T08:55:40.171-07:002014-03-27T08:55:40.171-07:00ok so I am two thirds now in into LSG and MUX … an...ok so I am two thirds now in into LSG and MUX … and shaking …. Lets see if it works or I have to run for the door … The way I see it worst case scenario we hit the 50 day ma and overextend to the downside , say 1240 , if that goes … then … too bad Anonhttps://www.blogger.com/profile/01595034035769200702noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-26528609921180010512014-03-27T08:39:47.987-07:002014-03-27T08:39:47.987-07:00Dan and Mark; if you ever saw the filthy condition...Dan and Mark; if you ever saw the filthy conditions that they raise broilers in, you would never again eat them; give me a porterhouse or wild salmon; sparks Anonymoushttps://www.blogger.com/profile/15820220635483947518noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-27149600130456960642014-03-27T08:35:09.467-07:002014-03-27T08:35:09.467-07:00White Wolf
Looks like the "crisis" is o...White Wolf<br /><br />Looks like the "crisis" is over, more than 70% of my Investor's Business Daily stocks are now green, they are buying the dip once again.<br /><br />And EEM is making new highs for the move, front-running another epic run up in stocks?<br /><br />As far as Ally Financial goes, I predict it will be another "Phoenix' stock that ends up going up 300% in 2 years after the IPO, just like Genworth, Hartford, and all the other "non-bank" financials that were left for dead in 2009.<br /><br />And GDXJ?<br /><br />Well, another day, another terrifying collapse. MUX as an example, is down over 35% in just 9 trading days.<br /><br />I'm surprised we haven't heard of mining CEO's jumping out of windows lately.Markhttps://www.blogger.com/profile/13068811838777958318noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-47541508817763544782014-03-27T07:50:52.820-07:002014-03-27T07:50:52.820-07:00Mark; Steve;
I am long chickens.... anyone want t...Mark; Steve;<br /><br />I am long chickens.... anyone want to bet me that chicken prices are not going to go higher this spring/summer?<br /><br />One more thing - No matter which one of you are correct about palladium, don't forget that Duke and Duke gets the commission.<br /><br />Sounds like we're a couple of bookies over here.Trader Danhttps://www.blogger.com/profile/05484363461047659198noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-63362049990425380282014-03-27T07:43:26.606-07:002014-03-27T07:43:26.606-07:00Mark; You're on! sparksMark; You're on! sparksAnonymoushttps://www.blogger.com/profile/15820220635483947518noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-37538532911913872712014-03-27T07:36:56.419-07:002014-03-27T07:36:56.419-07:00MORE TOXIC CRAP FROM YOUR GOVERNMENTMORE TOXIC CRAP FROM YOUR GOVERNMENTWhite Wolfhttps://www.blogger.com/profile/13965194184809848345noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-59558769238343830222014-03-27T07:34:16.778-07:002014-03-27T07:34:16.778-07:00Hilarious OPP offering on ALLY FINANCIAL AKA GMAC....Hilarious OPP offering on ALLY FINANCIAL AKA GMAC. I have competed with ALLY on debt deals only to lose transactions. See they bought all this car and truck paper at very low margins and if need be would Jack up their residual value positions to lower payments. Basically a gov't funded PONZI BANK with the treasury as king PONZI. I would not invest in this VS Ipo with MARKS MONEY.White Wolfhttps://www.blogger.com/profile/13965194184809848345noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-84685370832462168222014-03-27T06:21:23.099-07:002014-03-27T06:21:23.099-07:00Steve,
Not so fast, copper is holding up well and...Steve,<br /><br />Not so fast, copper is holding up well and I don't see any chart damage in Palladium at all. It's at $764 which is the breakout area.<br /><br />How about you go short and I'll stay long, after 3 months we'll see who is ahead, the loser has to buy a $100 gift certificate to Ruth Chris' Steakhouse.<br /><br />On the other hand, looks like gold investors are getting "Bre-X'd" again with another horrific collapse. And those poor mining executives, the gold, silver, and coal industry are experiencing depression era conditions, truly a nightmare for those guys.<br /><br />Glad I decided to stay in the system and not buy into the "world is falling" camp by taking delivery of gold stock certificates which have cratered 70% in value, lol.....Markhttps://www.blogger.com/profile/13068811838777958318noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-57149460234291521052014-03-27T06:20:15.033-07:002014-03-27T06:20:15.033-07:00P.S : as a consequence of this, I'm a strong b...P.S : as a consequence of this, I'm a strong buyer of gold in the 1265 $ area right now (should we quickly go there, which is not likely)Anonymoushttps://www.blogger.com/profile/00335835171576180359noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-68644871440563676282014-03-27T05:18:46.775-07:002014-03-27T05:18:46.775-07:00Mark; the top is in for your palladium; sparksMark; the top is in for your palladium; sparksAnonymoushttps://www.blogger.com/profile/15820220635483947518noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-76212898190176086092014-03-27T05:03:05.532-07:002014-03-27T05:03:05.532-07:00Hello,
Quick chart as a complement to Dan's a...Hello,<br /><br />Quick chart as a complement to Dan's analysis on gold.<br />I took the 2-week chart which I use occasionally.<br />I could spot 2 pitchforks, with an interesting convergence at 1265, which was already a horizontal support / resistance for a long while on smaller time units.<br />Maybe we'll meet there next week?<br />It's also the 62% Fibo retracement that Dan used on his chart.<br /><br />http://i59.tinypic.com/15rxel5.jpg<br /><br />Twice I benefited from the upwards move of gold thanks to TA. First, long last july at 1200, then more recently near 1220. But it would be useless to find those entry points if I didn't know when to let go. First time I was completely out when we broke down 1350 level. This time I waited a bit longer because I had only 25% of my long position left, so I sold it entirely under 1310. Once more, I see no point being long gold or silver on my trading account as long as the daily time unit show weakness again.<br /><br />On the simple 2-week chart, I can also see how the upper Bollinger Band (again) met prices and made them bounce back before they reached the median of the upwards green pitchfork (median refusal, usually meaning prices will go meet the mlh inf of the pitchfork once more, just as they are doing). Prices went out of the red pitchfork, so the bear trend is clearly weakened on this time unit. As long as prices remain in the green pitchfork, we are inside a bullish trend in this time unit but the median refusal is not a signal of strength. That's why I'm quite neutral for now, and waiting to see if gold manages to remain within the green fork. If it can't, and prices can't even hold 1265, boo...we may see soon another test of the 1180 lows...<br />(as usual for new readers, I'm not a professional trader, but sharing my opinion for the sake of discussion on the forum)<br />Anonymoushttps://www.blogger.com/profile/00335835171576180359noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-3368222949296423742014-03-26T20:43:51.220-07:002014-03-26T20:43:51.220-07:00Steve, I don't disagree with you (double negat...Steve, I don't disagree with you (double negation?). Only, silver, gold and miners are still as tradeable as anything, if very dangerous. Even bad companies are a good buy if they are grossly undervalued. I don't suggest that the miners or gold are undervalued now, just that once they are, they will be a good buy (like they were June or October last year). I don't subscribe to kwn crap either.Abraxashttps://www.blogger.com/profile/17197404330070459811noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-36953791017725660312014-03-26T20:33:22.112-07:002014-03-26T20:33:22.112-07:00Going to bed everyone and hoping Obama does not ha...Going to bed everyone and hoping Obama does not have a heart attack and thus saddling us with Corzine's asshole buddy joey biden; sparksAnonymoushttps://www.blogger.com/profile/15820220635483947518noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-3140897311439002772014-03-26T20:17:39.898-07:002014-03-26T20:17:39.898-07:00Abraxas; Levi Strauss made a lot of $ in the Calif...Abraxas; Levi Strauss made a lot of $ in the California 1849 gold rush by selling jeans and shovels. Can you name any miners that made anything? No, because gold is just gold, nothing more and nothing less. Look at history and see where real $ is made and you will see that it has been in inventions, stock bull mkts, real estate bull mkts and that in the final analysis, gold has under-performed on balance. You can tell it is no good right now because even the pm pumpers have nothing to say but buy physical, buy physical. So what? The most prudent advisors will tell you that a 5-20% allocation is what you should think about. So, how come the pm thumpers and pumpers never tell you what else you can do with your monthly investment allocations? Because they are morons and understand nothing; sparksAnonymoushttps://www.blogger.com/profile/15820220635483947518noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-5710520388452076002014-03-26T19:14:08.374-07:002014-03-26T19:14:08.374-07:00Mark, I think you are wrong on Rogers and Bass get...Mark, I think you are wrong on Rogers and Bass getting killed. Secondly I think you are also wrong on Gross, as his co-boss Egyptian buddy quit recently, and these kind of divorces do not happen when you are beating the mkts and I think the Pimco outflows will testify to this fact. Take care my friend; sparks Anonymoushttps://www.blogger.com/profile/15820220635483947518noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-9722822272344803362014-03-26T19:13:44.268-07:002014-03-26T19:13:44.268-07:00Gold is as good investment as any in my opinion. P...Gold is as good investment as any in my opinion. Perhaps, now is not the best time to go in, but in a month or two it just might be. There are guys here that talk about exact numbers like $1305, $1295, even $950. I have no idea what they are talking about, nor how they come up with these exact numbers. So, i don't listen to them. I come up with my own evaluation of specific shares or assets, and determine when would be an opportune time to get in. Whenever I listened to others as opposed to my own gut/analysis, I regretted it. Dan is one guy whose opinions I found useful to consider. I think he's one of those rare professionals who tell you how they see it. The rest, you just get harmed by, mostly.Abraxashttps://www.blogger.com/profile/17197404330070459811noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-26462077261060046732014-03-26T19:11:59.624-07:002014-03-26T19:11:59.624-07:00One group looking very strong is the banks.
Anoth...One group looking very strong is the banks.<br /><br />Another one looking strong is XLE or OIH in the energy sector.Markhttps://www.blogger.com/profile/13068811838777958318noreply@blogger.com