tag:blogger.com,1999:blog-1708908742323002823.post8739449992129126103..comments2024-02-10T02:18:27.240-08:00Comments on Trader Dan's Market Views: Lack of Conviction - More Volatility AheadTrader Danhttp://www.blogger.com/profile/05484363461047659198noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-1708908742323002823.post-20494911914978785402013-06-13T18:10:01.414-07:002013-06-13T18:10:01.414-07:00What continuosly baffles me is how the Hedgies con...What continuosly baffles me is how the Hedgies continue to chew up each other, while the MSM continues to shout lies about meaningless stats, yet America declines to a state of disrepair. I put the blame squarely on Central Banks around the world trying to manufacture a renaissance. A yield curve which reflects absolutely nothing. Credit risk is meaningless right now. Maybe Japan combined with with this new Syrian Red Line will finally provide the spark which lights the fuse to the bomb in gold. Dave from Denver was as hyped as I have ever read him and he is not alone. It just amazes me how absolutely oblivious citizens are. Good luck all.White Wolfhttps://www.blogger.com/profile/13965194184809848345noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-73815850788499559462013-06-13T10:34:12.188-07:002013-06-13T10:34:12.188-07:00Hubert;
The drawdown in Comex stocks is always in...Hubert;<br /><br />The drawdown in Comex stocks is always interesting but until I see it accompanied by a move higher in gold, it really does not mean that much right now. If gold is in tight supply, price would move higher on the board as eager buyers would swoop in with the intent to hold those longs into delivery after having bought it at a cheap price. So far that is not happening. Anything is possible in this day of market idiocy but for now I would watch the warehouse numbers but pay more attention to the price action on the chart.Trader Danhttps://www.blogger.com/profile/05484363461047659198noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-39341263353943330232013-06-13T08:53:40.205-07:002013-06-13T08:53:40.205-07:00Consumer stock ETF's like XRT. and XLY are soa...Consumer stock ETF's like XRT. and XLY are soaring again towards new highs.<br /><br />Poor GDX will need a 5 to 1 reverse split and NUGT will be an OTC bulletin board penny stock soon.<br /><br />As usual, the dip buying of Fed-approved sectors such as financials and tech is always rewarded.<br /><br />The esteemed Richard Russell must be scratching his head, totally bewildered.Markhttps://www.blogger.com/profile/13068811838777958318noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-89076083367151215042013-06-13T01:41:54.283-07:002013-06-13T01:41:54.283-07:00Thanks Dan for another very useful post!
Not much...Thanks Dan for another very useful post!<br /><br />Not much new since this weekend.<br />The scenario I'm following still follows its course at present.<br />- Volatility decreasing further.<br />- red median of pitchfork acts as a magnet to gold prices.<br /><br />As a result, the Bollinger Band are squeezing around the median, and prices are contained within the two orange segments.<br />Neither the bulls nor the bears seem able to win a decisive battle right now. MACD may give a small bull signal by not crossing, but that's just that.<br /><br />http://s7.postimg.org/84xcf8yzv/gld.jpg<br /><br />But, take a look at the Registered Stocks of the Comex. They are plumetting. Now, eligible stocks are feeling a bit better. <br />If Dan can find a little time reminding the basics of eligible / registered, and more importantly :<br />- are these figures relevant, can they be trusted?<br />- if yes, can "they" move some of the eligible to the registered stock? <br />Because at the pace these stocks are plumetting, there won't be much time left before Comex changes the rules on their contracts (I mean margins).<br /><br />http://www.24hgold.com/english/interactive_chart.aspx?title=COMEX%20WAREHOUSES%20REGISTERED%20GOLD&etfcode=COMEX%20WAREHOUSES%20REGISTERED&etfcodecom=gold<br /><br />Have a nice day all,<br />Anonymoushttps://www.blogger.com/profile/00335835171576180359noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-8212189618768700692013-06-12T11:44:42.154-07:002013-06-12T11:44:42.154-07:00lovely analysis Dan...just what i needed..despite ...lovely analysis Dan...just what i needed..despite gold moving higher cos the general market turned today, i still feel like it will drop to make a tripple bottom (maybe even new low) before going up again...could even rise as soon as next FOMC meeting...either way, im looking to enter a little lower and ill switch from trader to investor cos i cant really take this volatility too much either...ill look to sell my leveradged gold shares postion (NUGT) when gold is substantially higher , like 1550 ish - if this takes a few months, so be it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-44115428349314218562013-06-12T08:05:33.512-07:002013-06-12T08:05:33.512-07:00Thanks as always Dan. I was reading Richard Russel...Thanks as always Dan. I was reading Richard Russell's KWN piece. Sage as well. It amounted to: if you don't know what's going on, stay out. On the plus side, I can only hope that the chop and volatility is putting some fire under the big boys' feet. <br /><br /><br /><br />MDLGTOhttps://www.blogger.com/profile/15988611490410921827noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-53970305143336449672013-06-12T06:28:39.929-07:002013-06-12T06:28:39.929-07:00Very odd as to how the dollar has shown weakness a...Very odd as to how the dollar has shown weakness and other currencies have rallied, yet gold continues to grind down.<br /><br />Part of the "Bernanke Miracle", I suppose he's going to ramp up QE to save bonds from disaster, now that his "Jawboning" turned out to be a resounding success.<br /><br />Thanks to his "words", the CRB Index has completely crashed and inflation expectations are still near zero.<br /><br />Anybody how kept faith in the Fed and kept they money in the "system" fully invested in financials and consumer stocks made a lifetime worth of gains in just 4 1/2 years.<br />Markhttps://www.blogger.com/profile/13068811838777958318noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-41898431660286529362013-06-12T03:11:28.043-07:002013-06-12T03:11:28.043-07:00Good that you are warning. I have experienced time...Good that you are warning. I have experienced times, when I would have made a lot of money by just going on holidays and paying for an expensive hotel in Florida.<br /><br />Afterwards it is always very clear, but when you are going through such a phase, you think the function of a trader is to always join the market.<br /><br />Sometimes it is better to be scary. There is a saying about pilots: "There are bold pilots and there are old pilots. But there a nearly no bold AND old ones." (Free translation into English.) Alexhttps://www.blogger.com/profile/07636073755012058307noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-24215139909088636332013-06-12T02:52:18.855-07:002013-06-12T02:52:18.855-07:00This comment has been removed by the author.Alexhttps://www.blogger.com/profile/07636073755012058307noreply@blogger.com