tag:blogger.com,1999:blog-1708908742323002823.post2592214867279775860..comments2024-02-10T02:18:27.240-08:00Comments on Trader Dan's Market Views: Continuous Commodity Index signaling Deflationary Forces are in the AscendancyTrader Danhttp://www.blogger.com/profile/05484363461047659198noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-1708908742323002823.post-62374104397493776612011-06-25T04:49:19.277-07:002011-06-25T04:49:19.277-07:00Hi Dan,
To extend my previous post :
1) Silver w...Hi Dan,<br /><br />To extend my previous post :<br /><br />1) Silver was below 20 $ most of last year. At 34 $, it's twice the price of last year. <br />2) Silver won the 1000 $ two years ago. Last year it won through 1250 $. This year 1500$. We are on a 20% yearly increase trend.<br /><br />Can we talk about fear of a deflationary mindset??<br />Evem if Silver falls down to 25 $ and Gold back down to 1400 $, some "gurus" will still say the long term trend is bullish and promising.<br /><br />I think there is room here for a summer correction.<br />Besides...QE3 may really NOT be an option for the Fed. Do they politically have still any room for that? Everyone is watching them. Everyone fears hyperinflation. Everyone fears total collapse of the dollar. They must choose now, and why should one be so sure that they should choose another round of QE? Isn't there a political blockade here, with the Republicans and Tea Party vs Democrats making US unable to agree on the budget limit, like in may?<br />I'm watching this from Europe, but I'm really wondering if QE is still alive...Henrihttps://www.blogger.com/profile/05972520061783495875noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-43215263445410417462011-06-24T16:51:45.630-07:002011-06-24T16:51:45.630-07:00Dan,
What do you think of the silver price so far...Dan, <br />What do you think of the silver price so far? It really seems to be holding it's own in all this market chaos. Oh, and thanks again Dan for you great posts!Super Davehttps://www.blogger.com/profile/15618741438181082963noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-51000564960057019762011-06-24T16:08:30.290-07:002011-06-24T16:08:30.290-07:00Dan,
It looks like enough are standing for delive...Dan,<br /><br />It looks like enough are standing for delivery to spook the exchanges. JP Morgan is showing 0 registered stock of palladium, platinum and silver. They only have about 10,000 ounces of gold and there are still over 70,000 ounces to be delivered this month with another 70,000 contracts remaining open so far for July.<br /><br />Back to silver, there are still more than 28,000 contracts open and the total exchange inventories for registered silver can only handle about 5,500 out of that. Throw in about 5,000 July platinum contracts, of which not even 2,500 worth of metal is available.<br /><br />This is looking like the breaking point for the banks. As suggested before on Jim's site, they could let the prices rise up to entice selling. What else can they do to keep the game going?Ramonhttps://www.blogger.com/profile/15177032531133914670noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-85595239676293816162011-06-24T15:36:28.694-07:002011-06-24T15:36:28.694-07:00Love your posts Dan..But one thing this orange red...Love your posts Dan..But one thing this orange red color of your blog is kind of hard to read.Markhttps://www.blogger.com/profile/03579968354457963565noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-17120380855929287352011-06-24T12:53:28.908-07:002011-06-24T12:53:28.908-07:00Thanks DanThanks DanRichhttps://www.blogger.com/profile/00488215417769986120noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-58910025687019925942011-06-24T11:37:47.131-07:002011-06-24T11:37:47.131-07:00Hubert - the administration is only concerned abou...Hubert - the administration is only concerned about getting re-elected. To them that means getting gasoline prices down so the nation can hail Obama as its savior from the scourge of high energy costs. The problem is that it is not going to work. <br /><br />The Fed does fear deflation and does not want it to take hold again. If, and this is the key, the stock market breaks down and goes negative for the year (it is not there yet but very, very close), that is going to get the attention of the public at large and then the politicians as well as the Fed.Trader Danhttps://www.blogger.com/profile/05484363461047659198noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-82506191400281455702011-06-24T11:24:28.013-07:002011-06-24T11:24:28.013-07:00Dan, how to you explain the IEA's (read US gov...Dan, how to you explain the IEA's (read US government?) release of oil with the FED's fear of deflation? CCI is down and even more because of the weak oil price and its impact on commodities traders.<br />Are US politicians playing their own game with no consultation with the FED?<br />I am really amazed by the huge mess we are in and if politicians are really playing solo, we can expect more and more volatility.Huberthttps://www.blogger.com/profile/05233332512788687701noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-90296125096594545312011-06-24T10:34:50.485-07:002011-06-24T10:34:50.485-07:00It feels like 2008 playbook again. Maybe not as dr...It feels like 2008 playbook again. Maybe not as dramatic but I'm looking at 150DMA on gold as it appears to be the support line since 2009.Ruihttps://www.blogger.com/profile/01381363570926076708noreply@blogger.com