tag:blogger.com,1999:blog-1708908742323002823.post8421054013669622739..comments2024-02-10T02:18:27.240-08:00Comments on Trader Dan's Market Views: Gold closes in on $1,500Trader Danhttp://www.blogger.com/profile/05484363461047659198noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-1708908742323002823.post-62126586293264332892011-04-18T16:46:40.449-07:002011-04-18T16:46:40.449-07:00Jim - Personally I never buy the metals during bou...Jim - Personally I never buy the metals during bouts of strength; however, a lot depends on what percentage of one's income they have in the metals. If someone has less than 5% of their net worth in metals that is a different story from someone who already might have, say, 40% or higher. That is why answering a question like this is really difficult. It all depends on the allocation of the funds of the individual, what their investment or trading horizon might be, what kind of risk they are willing to accept, etc.Trader Danhttps://www.blogger.com/profile/05484363461047659198noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-7858842564504270132011-04-18T12:54:12.203-07:002011-04-18T12:54:12.203-07:00Watcher;
Some guys are goign to be watching it to...Watcher;<br /><br />Some guys are goign to be watching it to see how it handles $1,500. If it gives an indication that it wants to stall out a bit and cannot punch through, they will book profits on their longs which will result in a bit of a setback or pause in the current rally. If however the market keeps moving steadily higher and just blows easily through $1500, they will have no reason to book profits but will go with the flow.<br /><br />Let's see how it fares...Trader Danhttps://www.blogger.com/profile/05484363461047659198noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-64829598714049609592011-04-18T12:04:44.679-07:002011-04-18T12:04:44.679-07:00Definitely correct about a quick spike much higher...Definitely correct about a quick spike much higher should gold take out $1500 on the first try. No one is anticipating that scenario.The Dochttps://www.blogger.com/profile/08423785146255548702noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-58806759914283655012011-04-18T12:02:07.389-07:002011-04-18T12:02:07.389-07:00Dan, you mean 'should expect a setback'.
...Dan, you mean 'should expect a setback'.<br /><br />I remember Jim Sinclair writing that 1500 while a round number shouldn't be much of a problem. Aren't there buys sitting above 1500 that the bulls could get triggered?Watcherhttps://www.blogger.com/profile/01017550857251040572noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-27573526204621290082011-04-18T11:22:03.861-07:002011-04-18T11:22:03.861-07:00Dan, is it prudent to buy Silver when we are in a ...Dan, is it prudent to buy Silver when we are in a parabolic move since all past parabolic moves ended on the 8th day at which time the prices retreated down. Currently, silver is approx 68% above the 200 day moving average. From listening to you on the King World weekly its apparent Asia/India are now influencing the demand resulting in not seeing much of a pullback when the prices does retreat. i assume the rules in the past on parabolic moves just dont apply today based on the worldwide demand. let me know.. i picked up gold and silver last week and plan to keep it for the long run but wanted to know your take on picking up more silver since it is parabolic presently.Anonymoushttps://www.blogger.com/profile/02015412226236057902noreply@blogger.com