tag:blogger.com,1999:blog-1708908742323002823.post2698738018015951887..comments2024-02-10T02:18:27.240-08:00Comments on Trader Dan's Market Views: Gold sets back from $1340 once againTrader Danhttp://www.blogger.com/profile/05484363461047659198noreply@blogger.comBlogger32125tag:blogger.com,1999:blog-1708908742323002823.post-29908542745380095872013-08-15T04:40:30.087-07:002013-08-15T04:40:30.087-07:00Steve,
The market is what the market is nowadays. ...Steve,<br />The market is what the market is nowadays. Politics, rhetoric, media input with a very high dose of manipulation is getting a heavier hand. I do believe that supply and demand long term will take prices to places that today will seem shocking. 158 years for $150 silver is a stretch. I give it about 5 at the max. Just an opinion and we all have them. White Wolfhttps://www.blogger.com/profile/13965194184809848345noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-2187400993905127532013-08-14T23:02:26.045-07:002013-08-14T23:02:26.045-07:00Hi Preditor,
I'm answering on next file.Hi Preditor,<br /><br />I'm answering on next file.<br />Anonymoushttps://www.blogger.com/profile/00335835171576180359noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-25236269661080130992013-08-14T22:24:20.126-07:002013-08-14T22:24:20.126-07:00Joe - thank you for those very kind words. And ......Joe - thank you for those very kind words. And ... welcome!<br /><br />Dan<br />Trader Danhttps://www.blogger.com/profile/05484363461047659198noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-15064006374594498152013-08-14T22:22:48.111-07:002013-08-14T22:22:48.111-07:00Hello Jim Silver; Glad to meet you and happy to kn...Hello Jim Silver; Glad to meet you and happy to know that everyone in Asia is not standing in line to buy pm; what a tired story, just like backwardation, which Sinclair started back in '79 , along with geopolitical strife and shortages; some things never change; thanks, steve Anonymoushttps://www.blogger.com/profile/15820220635483947518noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-19555407091901564792013-08-14T20:29:55.513-07:002013-08-14T20:29:55.513-07:00Yes steve,
Yes chart is one of tool in investment...Yes steve,<br /><br />Yes chart is one of tool in investment. It is just fraction of overall investment views.<br /><br />Like i say it work from time to time but it not the only tool you relied on,you should be focus on cycle, fundamental and sometime chart.<br /><br />now i bet there will more way to see chart as we go along.. because market evolve all the time<br /><br />cheer.Preditor1976https://www.blogger.com/profile/13949210660675876231noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-70961875534831696732013-08-14T20:19:01.200-07:002013-08-14T20:19:01.200-07:00Preditor 1976; u sound like a nice kid; when I use...Preditor 1976; u sound like a nice kid; when I use the word cockamamie it was as an adjective, not a slam on u; if u really want to read a book that tells it like it is, get Stockman's, The Great Deformation and u will really wake up to how dirty and screwed up things really are; the charts are worthless if you look at them daily; why do you think barchart.com has 44 different ways to look at a chart? come on? steve in sparksAnonymoushttps://www.blogger.com/profile/15820220635483947518noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-55352120835331693582013-08-14T19:48:42.256-07:002013-08-14T19:48:42.256-07:00Armstrong has his own ax to grind against gold bul...Armstrong has his own ax to grind against gold bulls. Jon Nadler was bearish on gold when it hit five hundred dollars. All that said your allotment for gold in retropect looks like it is wise. <br />concordhttps://www.blogger.com/profile/04257549822960081454noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-33908310673493170062013-08-14T19:38:56.739-07:002013-08-14T19:38:56.739-07:00Since this spring I have been reading and followin...Since this spring I have been reading and following this taper talk, just as the rest of you have. In the beginning, I noticed something strange. Nobody was out there giving reasons, or asking for reasons, on why the fed was planning to taper. The fed started discussing the tapering, and the investing community seemed to accept its premise without exploring why the fed was so inclined to make this move. I feel like people just figured "well, they have to stop it eventually", which although true, just isnt a good enough reason to end this amazing party that Bernanke started for us. When you really look at it, through the eyes of the fed, I can see how the desire to kick the can down the road, and continuing the asset purchases, would be quite tempting. This environment which they have created has been nothing but positive since QE1. Low rates, cheap borrowing costs for private individuals, businesses, and government spending, an ever higher stock market, creating wealth for all, a historically low currency, allowing for excellent corporate earnings. Low inflation, tame as a kitty cat (at least after QE1) Trading on margin has been an easy endeavor. stock buybacks? why not?? money is cheap! Lesser shares outstanding = increasing earnings per share. a win win. It has been an all inclusive vacation for anyone willing to participate. why end it????<br />Today we had a few words from the feds Bullard - "inflation low for now, but could be excessive in the future". Other fed chiefs have been phrasing the current low inflation environment as "transitory". I think this is the reason that they finally want to end the party, they are FINALLY fearing a spike in inflation. Although it appears they expected to be able to stop the music with ease. The marketplace has shown them otherwise, which puts them into a real mess. Rates soared quickly when the september taper talk began, and this caused everybody pain (including the federal governments new debt issues, and the Feds current holdings of US debt). They have tried to reverse those talking points, while still keeping an open mind for tapering, and it has not worked. I am picturing Bernanke holding the tail of a tiger named QE, and its going to be a bloody mess regardless of the strength of his pinching fingers. If I were Bernanke, I too would be ready to retire my position. I think the fed smells inflation on the horizon, but they have created a dysfunctional relationship with the investing community. It is codependancy defined, and as we all know, that never ends well.Joehttps://www.blogger.com/profile/08554249209449991560noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-766553301532425612013-08-14T19:38:13.749-07:002013-08-14T19:38:13.749-07:00Fellow Followers,
I have been enjoying all of you...Fellow Followers,<br /><br />I have been enjoying all of your contributions for a long time now, and thought it would be appropriate to introduce myself to those of you who so kindly share your knowledge with those of us who enjoy this blog on a daily basis, as I do. Thank you Dan, white wolf, Hubert Du Haut, Jim Silver and even Mark and Steve in Sparks for your regular contributions. I am a relatively young and restless husband and father of two who decided to lay a make or break bet on what I thought would be a destructive act on the part of the fed starting with QE1. I invested my retirement fund heavily (fully, I must confess.... a true mortal sin) into a gold and precious metals fund within my 401k. I obviously was blown out of the water, and through the pain still I linger in this reservoir, refusing to sink or to exit this pool of torture. Fundamentally speaking, I expected the unprecedented war of global and intentional currency debasement, along with the outrageous level of money printing via QE to cause explosive inflation. I was wrong, and have paid a heavy price for it. Although, fundamentally and intellectually, I still can not accept that these acts of currency destruction can go unpunished (more on that later). I have since learned that printing money alone is not the cause of inflation, and that it is the availability of currency ALONG WITH the velocity of that currency which causes prices to rise. We have completely lacked that velocity, due to our pathetically slow growing economy. Joehttps://www.blogger.com/profile/08554249209449991560noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-81428814354832407482013-08-14T19:18:06.490-07:002013-08-14T19:18:06.490-07:00Hi bean,
You will not want to follow jon nadler 4...Hi bean,<br /><br />You will not want to follow jon nadler 4 years ago<br />Nor martin armstrong....<br /><br />If you follow jame turk 8 years ago you will make hell of the money. The problem is that is that it take time for people to believe. And people usually believe when market have gone far..<br /><br /><br />Which you to be balance of thought in both bull and bear.. sometime bull and sometime bear. Timing is most important. There is reason for every bull or bear, and everything have it cycle.<br /><br />It situation seem to be similar but have unqiue different at the point of time.<br /><br />And back in 2009 how many of you believe in stock, now how many people believe in stock<br /><br />CheerPreditor1976https://www.blogger.com/profile/13949210660675876231noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-84779097116754622872013-08-14T19:01:34.315-07:002013-08-14T19:01:34.315-07:00Hi everyone,
Just in case any of you have read th...Hi everyone,<br /><br />Just in case any of you have read the interview of Grant Williams on KWN. In relation to the physical demand here in Asia, he states..."There were lines here in Singapore...".<br /><br />The reason why I'm writing this post is not to put anyone (Grant William, KWN) down but rather to clear this point up just in case people get false ideas and jump into buying physical from the frenzy that he alludes to. I currently live in Singapore and buy physical silver for long term holding and have never experienced or seen any lines/ques for purchase of gold and silver in any of the local dealers. <br /><br />If anyone has doubts about news regarding physical shortages and how true this is, perhaps you may read the following;<br /><br />http://silverreport.blogspot.sg/2013/05/is-world-about-to-run-out-of-silver.htmlAnonymoushttps://www.blogger.com/profile/10366683894545649989noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-86795354294151347842013-08-14T18:29:25.211-07:002013-08-14T18:29:25.211-07:00Well guys.
If you follow Martin Armstrong I wouldn...Well guys.<br />If you follow Martin Armstrong I wouldn't get too excited about much in the way of upside for gold right now.<br />The DOW is still king, the US dollar is still the reserve currency, the US military is still by far the biggest in the world, Wall Street still dictates the economy of the planet.<br />As Armstrong has stated many times, gold's time will come, but for now, the DOW is the only game in town. The DOW will outperform gold even going into the future by several years.<br />Gold is insurance, treat it as such<br />. I wish I had taken that sage advice many years ago.<br />As much as we all loved to hate Jon Nadler, the man was more accurate in his analysis and predictions than we want to admit.<br />No more than 10% of your portfolio should be in PM's. <br /><br />Anonymoushttps://www.blogger.com/profile/12484142363488637120noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-43274463251035709652013-08-14T18:14:32.796-07:002013-08-14T18:14:32.796-07:00Fellow followers,
I have been reading this blog f...Fellow followers,<br /><br />I have been reading this blog for a long time now, and it is one of my favorite destinations on the web. Dan, you often receive thank you's here, and I also would like to extend my profound appreciation for your work in helping guide those of us with lesser knowledge and/or experience. Something that I think has gone unsaid for too long now, is an acknowledgment for the the eloquence with which you write. Your talent for writing (and speaking, based on the many interviews I've enjoyed listening to in my garage on Saturdays) is a gift to all of us. I find the content you share not only extremely informative, but I also enjoy it as literary art. Thank you for providing such a tasteful forum.Joehttps://www.blogger.com/profile/08554249209449991560noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-66810522139506393192013-08-14T17:53:01.158-07:002013-08-14T17:53:01.158-07:00Hey steve,
I am say from here $21.8 to $28 he wil...Hey steve,<br /><br />I am say from here $21.8 to $28 he will make lot of money.<br /><br />I did not make call. Sorry steve in spark... and i forgive for your insult cause i do not see how i am going profit from calling you 'cockamamie'.. and i am living in villa, basement is where i live 12 years ago..<br /><br />cheer steve<br /><br />Preditor1976https://www.blogger.com/profile/13949210660675876231noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-78588817849809662772013-08-14T17:42:48.023-07:002013-08-14T17:42:48.023-07:00preditor1976, what mkt r u looking at for $28 prin...preditor1976, what mkt r u looking at for $28 prints in silver? the pt I tirelessly try making is that for anyone out there to constantly beat the drums for whatever prices, only discredits whatever professionalism they may have once had; to wit, they are clowns and should be ashamed of themselves; if you r bullish, fine, or bearish, fine, but please leave your cockamamie calls in your mother's basement, which, I am afraid, is where u reside, steve in sparks Anonymoushttps://www.blogger.com/profile/15820220635483947518noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-61182200622702580492013-08-14T17:27:27.337-07:002013-08-14T17:27:27.337-07:00Hey steve,
He need not need to wait until 150. Fr...Hey steve,<br /><br />He need not need to wait until 150. From this point. Us$28.00 can make lot of money..Preditor1976https://www.blogger.com/profile/13949210660675876231noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-51140038960186123992013-08-14T17:07:24.649-07:002013-08-14T17:07:24.649-07:00Hey White Wolf, all you gotta do is stick around f...Hey White Wolf, all you gotta do is stick around for 58 years and then you can make $150 silver calls; steve in sparks Anonymoushttps://www.blogger.com/profile/15820220635483947518noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-66576457163766270592013-08-14T17:04:20.334-07:002013-08-14T17:04:20.334-07:00White wolf,
Yes patience is tough especially, whe...White wolf,<br /><br />Yes patience is tough especially, when the stop is getting tight. But patience always rewarding and the best part usually at the end of the show.<br /><br />CheerPreditor1976https://www.blogger.com/profile/13949210660675876231noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-75153904097662675092013-08-14T17:00:00.348-07:002013-08-14T17:00:00.348-07:00Hubert Du Huat,
So base on your study, if gold fe...Hubert Du Huat,<br /><br />So base on your study, if gold fell below 1280 is a sell and only buy if the price above 1350.<br /><br />Am i correct?<br /><br />CheerPreditor1976https://www.blogger.com/profile/13949210660675876231noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-17878474520820065042013-08-14T10:20:09.696-07:002013-08-14T10:20:09.696-07:00Patience is toughPatience is toughWhite Wolfhttps://www.blogger.com/profile/13965194184809848345noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-15624485930149547322013-08-14T09:29:11.788-07:002013-08-14T09:29:11.788-07:00was just FYI.
Doesn't mean I'm convinced w...was just FYI.<br />Doesn't mean I'm convinced we are headed towards 900 $.<br />Silver going up after a squeeze of the daily bollinger bands is rather positive as well.<br />But I'd really rather wait that gold confirms all this by getting through 1350...Anonymoushttps://www.blogger.com/profile/00335835171576180359noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-86343585786881825422013-08-14T08:21:36.886-07:002013-08-14T08:21:36.886-07:00White Wolf,
One has to wonder why the governments ...White Wolf,<br />One has to wonder why the governments are still lying to their citizens. I guess they think that panic will follow such an announcement - The system is broken and the banks are bankrupts- but after what happened in Cyprus, and what followed -deposits UNDER Euro 100K are not safe and could be taken by governments if needed to "SAVE THE SYSTEM"- citizens in Europe are well aware of what is going on. The only problem so far is that they do not know what to do to protect themselves. I have numerous contacts with friends in Europe and they are paralysed; What do we do?<br /><br />The answer COULD come from what we are seeing more frequently -as is the case today- The stock market is down but gold equities are up. This doesn't happen too often yet but IF/WHEN a big media decides to open the story and mention what is happening you could see a rush to gold and gold/equities.<br /><br />In the meantime, you are right: God help us!!Huberthttps://www.blogger.com/profile/05233332512788687701noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-40642805272626183232013-08-14T08:19:09.675-07:002013-08-14T08:19:09.675-07:00This comment has been removed by the author.Huberthttps://www.blogger.com/profile/05233332512788687701noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-51219826529626035922013-08-14T07:25:49.901-07:002013-08-14T07:25:49.901-07:00From the way I intepreted, I dont think the 900 wa...From the way I intepreted, I dont think the 900 was a prediction. Jim Rogers gave the example of gold correcting 50% in the past before so IF gold was to follow the same pattern and correct 50% from its high of 1900, thats where he got the 900+ number from. He even mentioned he bought some gold at 1200 "just in case".Anonymoushttps://www.blogger.com/profile/10366683894545649989noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-22220746129286298542013-08-14T06:42:58.167-07:002013-08-14T06:42:58.167-07:00Deceit and Reality are destined to meet. God Help ...Deceit and Reality are destined to meet. God Help us.<br />I wish we could write a better ending to all this but we are not on the Starship Enterprise we are on Earth. White Wolfhttps://www.blogger.com/profile/13965194184809848345noreply@blogger.com