tag:blogger.com,1999:blog-1708908742323002823.post1934463511096974675..comments2024-02-10T02:18:27.240-08:00Comments on Trader Dan's Market Views: HUI Showing some Signs of StabilityTrader Danhttp://www.blogger.com/profile/05484363461047659198noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-1708908742323002823.post-52249264048580214192013-04-26T12:50:58.393-07:002013-04-26T12:50:58.393-07:00White Wolf,
I concur...if we can hold 1450, or be...White Wolf,<br /><br />I concur...if we can hold 1450, or better yet, 1460, next week will probably see HUI go to 300 since the 270 ish area seems cleared...i feel like the 30 dollar gold slam was slightly healthy too cos gold went up too quickly it seemed... i still think the mining shares will go up more than they have gone downn overall. good luckAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-32629697977939363542013-04-26T09:37:34.351-07:002013-04-26T09:37:34.351-07:00Dan,
What are the Traders thinking about the JPM v...Dan,<br />What are the Traders thinking about the JPM vault. Any fear of default and cash settlement?White Wolfhttps://www.blogger.com/profile/13965194184809848345noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-64807285685320324582013-04-26T09:35:53.927-07:002013-04-26T09:35:53.927-07:00Robert.
Yes, the game that was suspended until the...Robert.<br />Yes, the game that was suspended until they nuked gold, now continues again. At some point I would think there will indeed be the explosion in Mining shares. It is such a long brutal war. <br />However, bullion cleared Dans 1450, almost took out 1470 and I was about to crow last nite when it appeared 1480 was too being breached, so I would think if it maintains the 1450 as a weekly close, it becomes support. The short miners club long bullion, is playing with fire so they better learn a new trick if we set off Monday 1450 and clear 1480 for the week. We will then get the 300HUI and it may get explosive..come on 1450 Hold.White Wolfhttps://www.blogger.com/profile/13965194184809848345noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-44202700280136299902013-04-26T08:48:21.147-07:002013-04-26T08:48:21.147-07:00Just as I posted, gold got slammed $15 in a single...Just as I posted, gold got slammed $15 in a single tick, down to $1461. Looks like the end game to me. Slam physical, send the shares tumbling, cover shorts going into the weekend. I'm a buyer of shares this PM.Robert Braulthttps://www.blogger.com/profile/10075269686047305038noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-87341888058935072132013-04-26T08:42:03.843-07:002013-04-26T08:42:03.843-07:00Seems pretty clear to me that the mining shares ar...Seems pretty clear to me that the mining shares are being shorted against long positions in physical gold. Bullish interest in the shares is so tentative that traders are confident the shares can be held flat as gold rises and will tumble of their own accord if gold weakens. Not sure where this bet will be called, but if physical holds $1477 going into weekend, I wouldn't want to be short the shares Sunday night.Robert Braulthttps://www.blogger.com/profile/10075269686047305038noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-92058411446348618992013-04-25T21:11:56.037-07:002013-04-25T21:11:56.037-07:00it won't go up immediately. there will be liqu...it won't go up immediately. there will be liquidity problems that need to resolve itself. <br /><br />until gold goes above 1520, i just assume at some point it will go down to around 1100-1200. I hope I have cash available to buy some of better quality stuff when or if it happens. <br />priorishttps://www.blogger.com/profile/02163793831650790540noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-86182150345731403172013-04-25T20:23:36.584-07:002013-04-25T20:23:36.584-07:00There's so much going on in the news I haven&#...There's so much going on in the news I haven't even had time to study the precious metals much. Dan do you think this is a "dead cat bounce?"<br /><br /><a href="http://www.thenewsunit.com" rel="nofollow">The News UNIT</a>The News UNIThttps://www.blogger.com/profile/02597408419488351139noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-4765749941502295542013-04-25T15:27:40.167-07:002013-04-25T15:27:40.167-07:00yeah thats what im hoping...but if theres a market...yeah thats what im hoping...but if theres a market crash and gold market doesnt go down, wont it therefore go up? that would be well sweet...but todays ending was a little dissapointing since the day before gold moved about 10 bucks and the GDX was up like 6 percent whilst today it was up like 2 percent despite gold being up about 40 bucks...i just want that little bit of extra stability/confirmation being jumping into a leveradged gold shares index like NUGT which did 20 percent yday and about 5 today....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-20567027503164268442013-04-25T15:01:46.352-07:002013-04-25T15:01:46.352-07:00Most of the damage has been done in the gold marke...Most of the damage has been done in the gold market. I don't see any drops to below 1200 remaining for long. I just want to be in a position to buy if some better discounts comes along in the higher quality shares.priorishttps://www.blogger.com/profile/02163793831650790540noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-84864378980678300392013-04-25T14:26:29.848-07:002013-04-25T14:26:29.848-07:00hey dan....interesting day....gold shares were doi...hey dan....interesting day....gold shares were doing well, not as good as yesterday even though gold was up much more... but despite gold staying high, the mining shares gave up most of their gains towards the end. i dont really get it..was it cos the whole market dropped cos of the negative german news...my worry is this...if the the shares are tied so much to the general market, what happens to gold and the shares for that matter, when the stock market starts to drop which seems inevitable at this point...will gold rally/drop..will the gold shares rally/drop? or will the gold market seperate...? thats my question really...are the gold shares held hostage to the general stock market? Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-51520082111068033162013-04-25T07:34:59.169-07:002013-04-25T07:34:59.169-07:00Gold around 1470 will be an interesting observatio...Gold around 1470 will be an interesting observation. My guess is it will continue lower for the near term.blogbloggerhttps://www.blogger.com/profile/18416276391640724905noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-25303453775059753972013-04-24T14:58:44.831-07:002013-04-24T14:58:44.831-07:00Hi Dan, thanks for your blog!
First regarding &quo...Hi Dan, thanks for your blog!<br />First regarding "I would also suggest monitoring holdings in the ETF, GLD, to see if investors are returning to gold".<br /><br />As far as I know, SPDR Gold Trust (GLD) do not buy gold just because some investor buy a share, and it does not sell gold just because some investor sell a share. It is just a "pool" of gold. I.e it is not actively "managed" by the trust to track the price of gold. It is supposed to track gold because of the arbitrage that would arise when it doesn't. If GLD inventory is falling, it is because an AP is redeeming actual pyshical gold from the trust (exept possibly selling to pay for internal expenses of the fund) on behalf of themself or some investor with a basket, 100,000 shares.<br /><br />That is how I think it works...am I wrong?<br /><br />If so, how can one see difference between the following examples (examples only, other possibilities exists as well):<br />a) liquidation of GLD: investors don't want to own gold at all - who is then buying the pysical gold that is redeemed from the trust by the AP?<br />b) liquidation of GLD: investors want to own gold, but not in the SPDR trust.<br />c) some entities have problem deliver physical gold, they borrow GLD-shares, using these shares to redeem physical gold (conspiracy: and then smashing price to cover the short GLD position. :-) <br />My point/question is, are you saying that falling GLD inventories is 100% sure it is investors don't like gold anymore and just liquidating their long positions. Then, why do SLV not show the same pattern? <br /><br />Thank you again for your blog!Krickehttps://www.blogger.com/profile/01222966715027002241noreply@blogger.com