tag:blogger.com,1999:blog-1708908742323002823.post8521427777189557922..comments2024-02-10T02:18:27.240-08:00Comments on Trader Dan's Market Views: Gold technically weak - needs Asian buyers to become activeTrader Danhttp://www.blogger.com/profile/05484363461047659198noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-1708908742323002823.post-64588563833394725292011-09-23T01:55:43.825-07:002011-09-23T01:55:43.825-07:00Hi Dan,
Same question as for silver, actually...
I...Hi Dan,<br />Same question as for silver, actually...<br />I see an Adam and Eve here, it seems more and more scary on a technical point of view.<br />What's your sentiment on the long term trend?<br /><br />Thanks in advance,Henrihttps://www.blogger.com/profile/05972520061783495875noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-10086153995662276312011-09-22T19:59:50.004-07:002011-09-22T19:59:50.004-07:00Asian people got no money for gold bullions...all ...Asian people got no money for gold bullions...all their money are in stock market/ currency...Alicehttps://www.blogger.com/profile/04791461381856914146noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-1063451619207217782011-09-22T17:52:02.356-07:002011-09-22T17:52:02.356-07:00Dan, I would love to hear your analysis on the HUI...Dan, I would love to hear your analysis on the HUI. According to my TA work, what we have now is a 'false breakout'. The move above 610 has now been negated and we are firmly back in the consolidation range. When looking at false breakouts in the past, I have typically seen them indicate one of two possible future paths: A) The market needs another 4-8 weeks to consolidate, before the real breakout happens, or B) The false breakout indicates a market is about to sharply reverse to the downside, i.e. see the HUI break the 500 level and continue down, similar to 2008. <br /><br />Do you have any experience with these false breakouts in various markets, and how they resolve themselves? Fundamentally, of course, I am biased to say the HUI will make another attempt to breakout after some more consolidation, but to be prudent I must acknowledge the other possibility, which is that the false breakout may indicate the gold stocks are going to get caught in a overall stock market crash of some sort.<br /><br />Thanks for all your work and insight.LimitUpInvestorhttps://www.blogger.com/profile/16068512553511584556noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-87725127401613008732011-09-22T17:43:49.064-07:002011-09-22T17:43:49.064-07:00Thank you DanThank you DanBillhttps://www.blogger.com/profile/06623291271325261181noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-18926734442504743392011-09-22T16:29:40.722-07:002011-09-22T16:29:40.722-07:00Thanks Dan.
Talk about a bad day :(.
I'll be s...Thanks Dan.<br />Talk about a bad day :(.<br />I'll be sitting out till at least next week after option expiration.Anonymousnoreply@blogger.com