tag:blogger.com,1999:blog-1708908742323002823.post8365351784290373768..comments2024-02-10T02:18:27.240-08:00Comments on Trader Dan's Market Views: Gold Bulls React to FOMC Statement after Overnight ReflectionsTrader Danhttp://www.blogger.com/profile/05484363461047659198noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-1708908742323002823.post-79635842861088352992012-06-22T21:30:06.045-07:002012-06-22T21:30:06.045-07:00Free markets still exist, they've just been dr...Free markets still exist, they've just been driven into obscurity relative to the charade of traditional ones. Bitcoin also remains under the radar.Ramonhttps://www.blogger.com/profile/15177032531133914670noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-52810248143195163112012-06-21T22:43:29.442-07:002012-06-21T22:43:29.442-07:00Bernanke has proven without a doubt that commodity...Bernanke has proven without a doubt that commodity inflation and dollar weakness will not be tolerated.<br /><br />He has nothing to worry about, since retail stocks and consumer discretionary names continue to act fairly well, and knows that collapsing food and energy prices will eventually provide massive stimulus far in excess of what any QE program can provide.<br /><br />So far, all of this has been accomplished without any real action other than "Jawboning", which means additional tools such as increasing margin requirments, punishment against speculators, or even interest rate hikes can be used later to drive down oil and gold prices if necessary.<br /><br />Not only that, but the "Bond Vigilantes" are dead, the Fed can increase the money supply to unlimited levels without restraint, if necessary.<br /><br />Bernanke will go down as pure genius, especially compared to Greenspan.Markhttps://www.blogger.com/profile/13068811838777958318noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-85963847034587877372012-06-21T13:13:40.087-07:002012-06-21T13:13:40.087-07:00I follow many technical analysis blogs such as you...I follow many technical analysis blogs such as yours. Every know and then two or three will share the same idea, which is only logical due to the limited nature of the subject. But last night 6, yes 6, blogs all posted the same story about how gold is about to skyrocket into the financial stratosphere. What made it odd was that they all shared the same exact subject/header line.<br /><br />Regards,<br /><br />Joe McVerry<br />mcverryreport.commcverryhttps://www.blogger.com/profile/02997613071767392126noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-26464055656897951422012-06-21T12:49:35.144-07:002012-06-21T12:49:35.144-07:00exactly it's the 'hedge fund computer algo...exactly it's the 'hedge fund computer algorithms' that move markets, rather than the banks that represent precious metal companies..items like stock indexes, grains, aud/usd or eur/usd type currencies had moved up and are getting hit by the computers today as the fed did not do any QE..here's a good representation of the poor june seasonal in gold:<br />http://www.usagold.com/analysis/doldrums-2011.htmlAnonymousnoreply@blogger.com