tag:blogger.com,1999:blog-1708908742323002823.post1338719129897286167..comments2024-02-10T02:18:27.240-08:00Comments on Trader Dan's Market Views: Silver shedding open interestTrader Danhttp://www.blogger.com/profile/05484363461047659198noreply@blogger.comBlogger13125tag:blogger.com,1999:blog-1708908742323002823.post-90061757012301455722011-05-11T09:11:54.977-07:002011-05-11T09:11:54.977-07:00Dan, why did you use the 4/28 high instead of the ...Dan, why did you use the 4/28 high instead of the 4/24 high for the retracement calculations?<br /><br />Thanks for all the analysis.Lost In Translationhttps://www.blogger.com/profile/08301520790621117339noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-22515875366335477482011-05-11T04:56:56.633-07:002011-05-11T04:56:56.633-07:00How can technical analysis mean anything in a mani...How can technical analysis mean anything in a manipulated market such as silver? Is it because the "boyz" use technical points to mount their attacks?Valeriehttps://www.blogger.com/profile/11052226608563360581noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-16498568127689714282011-05-10T16:42:28.403-07:002011-05-10T16:42:28.403-07:00Thanks Dan.Thanks Dan.Andyramahttps://www.blogger.com/profile/01546944838534963035noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-12787974136223644362011-05-10T12:35:05.369-07:002011-05-10T12:35:05.369-07:00Thank you, Trader Dan, for such great insight. It ...Thank you, Trader Dan, for such great insight. It helps to know what the traders are doing as this has a direct effect on my physical. It is nice to hear someone speak of what is happening within the market as a "market" even though it sounds like you are fully aware of the manipulation. I always look forward to your Weekly Metals Wrap on KWN. I would have to give you a gold/silver star for the calls you made the last two weeks. I,too, would love to see some consolidation around $39.90 40.50 range. It would be nice to not have to ride a roller coaster. STEADY, uphill climbs after consolidating wouldn't hurt my feelings either!!MonkeySmokehttps://www.blogger.com/profile/00419203608413181061noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-34144494562432138712011-05-10T10:45:10.153-07:002011-05-10T10:45:10.153-07:00Hey Dan
It would be very enjoyable to hear your th...Hey Dan<br />It would be very enjoyable to hear your thoughts regarding the relationship between physical and the paper markets. <br />How does this 'COMEX with <30mil ounces) end?<br />ThanksAnother Opinionhttps://www.blogger.com/profile/17013727153420426433noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-2006350032446328162011-05-10T10:33:20.373-07:002011-05-10T10:33:20.373-07:00GDX/GLD ratio make yet another low this morning. ...GDX/GLD ratio make yet another low this morning. Every hedge fund on the planet is shorting GLD and SLV on this bounce, and they are chain-shorting the HUI components hoping to score big on another 2008-style "Don Coxe Midnight Massacre" of the commodity complex.<br /><br />Same guys are also piling into UUP.Markhttps://www.blogger.com/profile/13068811838777958318noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-13173772148873370592011-05-10T10:20:13.997-07:002011-05-10T10:20:13.997-07:00loneranger;
I would say no in the sense that the ...loneranger;<br /><br />I would say no in the sense that the manipulators cannot hide their footprints on the chart and thus leave themselves open to being discovered.<br />Good manipulators can hide their tracks to a greater extent because of the manner in which they have learned to buy and sell but the banks are very clumsy. I think it is because they are used to operating with impunity and really do not care who knows what they are doing.Trader Danhttps://www.blogger.com/profile/05484363461047659198noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-15473192054841691322011-05-10T10:15:42.553-07:002011-05-10T10:15:42.553-07:00Thank you Dan
Is charting analysis made more diffi...Thank you Dan<br />Is charting analysis made more difficult in light of the trade manipulations by the banks?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-45729659656103525292011-05-10T09:56:07.834-07:002011-05-10T09:56:07.834-07:00Lester - I believe silver has bottomed out but tha...Lester - I believe silver has bottomed out but that does not mean it is going to launch another leg higher immediately and run back to the recent high near $50. One could make the argument that it is tracing out what is referred to as a bearish flag formation on the daily chart. That is why I would like to see it clear both the 38.2% retracement level and that high of last Thursday. that would negate the potential flag formation.<br /><br />Maybe then the market would calm down a bit ( although I doubt it) and let this thing move sideways in a broad range instead of jerking us to the downside and then back to the upside followed by violent leg back to the downside only to reverse once again. Also, if the market were to consolidate, the exchange would slowly begin to lower margin requirements again.Trader Danhttps://www.blogger.com/profile/05484363461047659198noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-29045798496821429682011-05-10T09:50:38.510-07:002011-05-10T09:50:38.510-07:00HI Dan
Thanks for this report. That is an interest...HI Dan<br />Thanks for this report. That is an interesting trend line you drew (the less steep one on the right). Silver looks kind of bored here today. Not really doing much. Almost seems like overnight trading in Asia or London is leading the market here and NYMEX is taking ques from them. IF so it's interesting to think about what might transpire tonight when that trend line gets passed.<br />I have a hard time believing that there isn't a lot of players waiting for a pull back and if it doesn't come in a certain time a move back up to 50% retracement could happen quickly.<br />Time will tell I guess. Thanks again.<br />AOAnother Opinionhttps://www.blogger.com/profile/17013727153420426433noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-34066884314270179812011-05-10T09:47:41.181-07:002011-05-10T09:47:41.181-07:00Dan
I'm not a trader, just a buy and holder a...Dan<br /><br />I'm not a trader, just a buy and holder and am confused by your analysis.<br /><br />"These steep sell offs followed by steep recoveries are always unsettling. What silver needs is a period of consolidation which will allow this excess volatility to get wrung out and let things calm down a bit. There has been way too much emotion in this market and that is being reflected by these wide price swings. "<br /><br />"I like the fact that it continues to move away from the $33 level but I would feel a bit more comfortable from a bullish standpoint if it could at the very least clear last Thursday's high which is near $39.40. That would also put it above that 38.2% retracement level referenced above." <br /><br />These two statements seem to be at odds with each other. Can you clarify for me?Andyramahttps://www.blogger.com/profile/01546944838534963035noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-24257722586274490732011-05-10T09:43:42.674-07:002011-05-10T09:43:42.674-07:00thanks Dan, always good stuffthanks Dan, always good stuffjake the snakehttps://www.blogger.com/profile/02472541600848206116noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-62411114478838219492011-05-10T09:42:06.773-07:002011-05-10T09:42:06.773-07:00Gold made a high today of 1519, could it be this r...Gold made a high today of 1519, could it be this resistance is also keeping silver down a little too? Meanwhile silver has pushed to 38.50. Would you comment on this post? http://market-ticker.org/post=185799 and what about the reports of ample physical silver for industrial, not just enough stock for mint?AGhttps://www.blogger.com/profile/02094544618090446119noreply@blogger.com