tag:blogger.com,1999:blog-1708908742323002823.post2708363241057488411..comments2024-02-10T02:18:27.240-08:00Comments on Trader Dan's Market Views: Safe Haven Day ( Again!)Trader Danhttp://www.blogger.com/profile/05484363461047659198noreply@blogger.comBlogger52125tag:blogger.com,1999:blog-1708908742323002823.post-8206371389113938342014-10-08T07:51:55.149-07:002014-10-08T07:51:55.149-07:00and we all know who the IMF gets its marching unde...and we all know who the IMF gets its marching unders from, right?Anonymoushttps://www.blogger.com/profile/15820220635483947518noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-68581999012721422832014-10-08T07:51:41.552-07:002014-10-08T07:51:41.552-07:00Oil, gold and silver taking a beating right now in...Oil, gold and silver taking a beating right now in this bouncy maket.<br />DarkPurpleHazehttps://www.blogger.com/profile/06725074790604681185noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-74758786337937353832014-10-08T07:40:07.859-07:002014-10-08T07:40:07.859-07:00Yes, Dan is a real donk.
I really wonder by what m...Yes, Dan is a real donk.<br />I really wonder by what miracle he is still in this business.<br />Probably he's the heir of a very rich family and he already squandered 90% of it by now.<br />Obviously he can't see that gold is totally undervalued.<br />He is so blind that this fool is going to remain short until gold is even more undervalued as long as the trend is bearish, and make a profit close to the bottom, maybe near 1000? And only then he will go bullish and buy gold.<br />Can you imagine that?<br />Instead of buying right now because gold is undervalued, he is stupid enough to make money on the short side and to buy gold later at a much lower price.<br />I don't even know why we still come back to this site where the only purpose seems to be to make money, instead of being right and recognize value. How useless.Anonymoushttps://www.blogger.com/profile/00335835171576180359noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-81207863509367085622014-10-08T07:37:58.066-07:002014-10-08T07:37:58.066-07:00The IMF's been pretty vocal lately...
~¤~¤~¤~¤...The IMF's been pretty vocal lately...<br />~¤~¤~¤~¤~¤~¤~¤~¤~¤~¤~¤~¤~¤~<br /><br />The IMF’s $3.8 trillion warning to the Fed<br /><br />By Steve Goldstein<br />Published: Oct 8, 2014 9:00 a.m. ET<br /><br />WASHINGTON (MarketWatch) — A rocky exit from low interest rates by the Federal Reserve risks $3.8 trillion of losses to global bond portfolios, the International Monetary Fund warned Wednesday in its latest global financial stability report.<br /><br />The IMF was at pains to emphasize that it’s not forecasting such losses, but it did point out that tightening in the past has been a key trigger for declines in fixed-income markets.<br /><br />The IMF came up with the $3.8 trillion figure by assuming a rapid adjustment that causes term premiums to go back to historic norms and credit risk premiums to normalize, with moves of 100 basis points each. That would trigger losses by more than 8%, which could “trigger significant disruption in global markets.”<br /><br />marketwatch.comDarkPurpleHazehttps://www.blogger.com/profile/06725074790604681185noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-57232286662424028292014-10-08T07:15:55.367-07:002014-10-08T07:15:55.367-07:00hard for silver to go when it looks over at copper...hard for silver to go when it looks over at copper and crude oil so weak. china numbers last nite didn't change the 'weak world economy' theme. <br /><br />comex silver stocks at 183,481,297.120.. if you have nothing to do with the 'sludge' you dump it into comex.<br /><br />Gold derivative holdings GLD yesterday rose by a scant 764 ounces, while silver derivative holdings declined by a more substantial 867,938 ounces.<br /><br />10 yr note auction and fomc minutes 1pm et. cheers!<br />77https://www.blogger.com/profile/05390025091154704970noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-23467263061246005722014-10-08T06:40:24.952-07:002014-10-08T06:40:24.952-07:00ES, the E-Mini S&P found support at its weekly...ES, the E-Mini S&P found support at its weekly S1 value, 1926.25, as well as the 150DMA at 1926.50<br /><br />next year is the 3rd yr of a presidency, with the best record for upside of any of the 4 yr term, people loving this dip who want to invest around nov 1st.<br />stock traders almanac:<br />October Ends Dow and S&P Worst Six Months (2014 STA Pages 44, 48, 50 and 147), And NASDAQ Worst Four Months (2014 STA Pages 56, 58 and 148)77https://www.blogger.com/profile/05390025091154704970noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-49059181602538780242014-10-08T06:31:25.757-07:002014-10-08T06:31:25.757-07:00Oh...and that denial last week from Vladimir was m...Oh...and that denial last week from Vladimir was merely his shirt collar feeling tighter maybe?<br />~☆~☆~☆~☆~☆~☆~☆~☆~☆~☆~<br />Russia Buys Rubles 3rd Day to Stem Slide While Shifting Band<br /><br />By Vladimir Kuznetsov and Ksenia Galouchko<br />October 08, 2014 8:26 AM EDT<br /><br /> <br />Russia’s central bank intervened in the currency market for the third time this month, bringing to more than $1.4 billion the amount it spent to slow the ruble’s world-beating decline.<br /><br />The monetary authority bought $420 million of rubles on Oct. 6, according to data released today on its website, adding to almost $1 billion of interventions last week as the currency crossed the upper limit of its trading band. The bank shifted that boundary by 5 kopeks to 44.65 versus its dollar-euro basket yesterday, a level the ruble surpassed again today.<br /><br />The sales, which may top $2 billion with the latest interventions, underscore the price President Vladimir Putin is paying for his country’s annexation of Crimea and alleged support for rebels in...(cont.)<br />bloomberg.com<br />DarkPurpleHazehttps://www.blogger.com/profile/06725074790604681185noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-82310670018971687732014-10-08T05:59:26.134-07:002014-10-08T05:59:26.134-07:00Thanks Eric Original. I also read that the miners...Thanks Eric Original. I also read that the miners are one of the most in-debt industries on earth. During the lending boom from mid-1990s to mid 2000s banks were handing out loans to almost anyone who claimed they were going to explore and mine gold. Now, that debt is killing them. I also read that there was a huge explosion in the number of mines that exist between 1999 to 2011. As the price of gold rose, mines were opening up all over that were not viable with lower gold prices (one of the reasons the average production cost has risen since 1999). Now that the price is falling, these mines are in huge trouble. This also created a lot of euphoria in the mining industry as non-mining companies started buying small mining companies; such as baby formula or taxi cab companies buying miners. There were a lot of crazy things going on during that long bull market in gold. And we have not even begun to talk about the explosion in labor costs among the miners since 1999 , as powerful labor unions in the sector have formed. If gold ever drops to $1000/oz, I’d say that the gold mining industry will be in deep trouble.Anonymoushttps://www.blogger.com/profile/08641891070454061702noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-2865010652258749002014-10-08T05:21:53.695-07:002014-10-08T05:21:53.695-07:00Paper; Whenever I see guys talk about undervalued,...Paper; Whenever I see guys talk about undervalued, overvalued, smart money, dumb money, strong hands, weak hands and so forth, I know they are underwater on their positions. How long and wrong are you in gold?Anonymoushttps://www.blogger.com/profile/15820220635483947518noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-70722270023943013322014-10-08T05:11:36.063-07:002014-10-08T05:11:36.063-07:00Dark, he is a zerohedge kind of kid living in Mom&...Dark, he is a zerohedge kind of kid living in Mom's basement; like I say, "lots of 'em are just looking to lose"Anonymoushttps://www.blogger.com/profile/15820220635483947518noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-752113183651406932014-10-08T05:02:13.127-07:002014-10-08T05:02:13.127-07:00and you got yourself a paper roachand you got yourself a paper roachAnonymoushttps://www.blogger.com/profile/03555545777205962037noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-40035873023772318832014-10-08T04:55:00.551-07:002014-10-08T04:55:00.551-07:00Lol. Delusional and unpleasant: we got ourselves a...Lol. Delusional and unpleasant: we got ourselves a gold bug!Jasperhttps://www.blogger.com/profile/03831704112998990130noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-32422568113324540242014-10-08T04:52:37.279-07:002014-10-08T04:52:37.279-07:00jdsquicktrader.....besides needing to grow up and ...jdsquicktrader.....besides needing to grow up and pull your mind out of the gutter you've also fortified Dan's view that some of you 'bugs are cretins.DarkPurpleHazehttps://www.blogger.com/profile/06725074790604681185noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-85559401992296514362014-10-08T04:29:54.051-07:002014-10-08T04:29:54.051-07:00This comment has been removed by the author.DarkPurpleHazehttps://www.blogger.com/profile/06725074790604681185noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-75473971975824876952014-10-08T04:27:36.304-07:002014-10-08T04:27:36.304-07:00Dan likes using charts and still can't see wha...Dan likes using charts and still can't see what is undervalued. <br />His emotions are blinding the obvious. Paper puppethttps://www.blogger.com/profile/07740584680156067394noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-42920790518661313862014-10-08T04:11:50.310-07:002014-10-08T04:11:50.310-07:00"perma" bears like you and Dan....hahaha..."perma" bears like you and Dan....hahaha!!!Anonymoushttps://www.blogger.com/profile/03555545777205962037noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-79238743809713082852014-10-08T02:52:31.891-07:002014-10-08T02:52:31.891-07:00jdsquicktrader - it may surprise you that some of ...jdsquicktrader - it may surprise you that some of the folks who lurk here are bullish long term on gold and that we do not feel at all "bashed" for our beliefs. This is a community which tries to identify the truth in pricing and which respects all reasoned opinions for or against an argument. Any "bashing" by Dan of gold bulls is not because they are pro-gold, but because for 3 years now perma bulls have been so wrong (damagingly so). I suspect that when we once again have a bull market in gold any perma-bears spouting drivel will be treated similarly. If you have any reasoned arguments to make then you'll be listened to but if all you want to do is vent then I suspect your time will be better spent in anger management. Whilst there you may want to ponder why it is that traders on the wrong side of corn, hog or copper trades similarly called out by Dan never feel the need to drop by with similar vitriol as gold bugs. What is it about the shiny metal which causes so many otherwise rational folks to lose their perspectives?Anonymoushttps://www.blogger.com/profile/13159998852459367827noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-6874830414272639592014-10-08T02:38:43.935-07:002014-10-08T02:38:43.935-07:00What is holding the price of gold up?What is holding the price of gold up?Paper puppethttps://www.blogger.com/profile/07740584680156067394noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-38076095780343972852014-10-08T01:58:12.825-07:002014-10-08T01:58:12.825-07:00Draghi will be in Washington on Thursday to delive...Draghi will be in Washington on Thursday to deliver remarks on the latest developments in Europe and global central banking.dflyhttps://www.blogger.com/profile/10617196875708889118noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-60160268941619088762014-10-08T00:08:30.107-07:002014-10-08T00:08:30.107-07:00Another losing gold bug escaped from the mental ho...Another losing gold bug escaped from the mental hospital. Jasperhttps://www.blogger.com/profile/03831704112998990130noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-45187354672572426992014-10-07T23:57:43.477-07:002014-10-07T23:57:43.477-07:00Hello,
Le long-term range on gold (1180-1420) is ...Hello,<br /><br />Le long-term range on gold (1180-1420) is only reinforced by :<br />- the recent bounce on 1185<br />- the break of the very long term upwards support near 1240.<br />For me the major resistance on the way up is near 1280, the downwards resistance of the channel visible on the weekly time unit. As long as it holds, I have a downwards bias for gold, most especially if it doesn't make it back above 1240, even more especially if it doesn't even manage to move above its ma20 daily.<br />The more a horizontal support is hit, the more it is likely to eventually break, especially if you fall from lower and lower tops (descending triangle).<br />Gold had better not meet 1180 area ever again.Anonymoushttps://www.blogger.com/profile/00335835171576180359noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-40369516580210337332014-10-07T22:56:51.757-07:002014-10-07T22:56:51.757-07:00This comment has been removed by a blog administrator.jdsquicktraderhttps://www.blogger.com/profile/17271946908552484998noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-18764379901719237352014-10-07T22:13:11.074-07:002014-10-07T22:13:11.074-07:00I must not be explaining myself clearly.
My point...I must not be explaining myself clearly.<br /><br />My point is, there are more speculators in the market (who don't care about the underlying asset, only that they are up on their position), than their are industrials etc. hedging themselves in the market.<br /><br />That can't possibly be a 50/50 ratio and I don't think that is what you meant. And no, I wasn't trying to make a joke, just trying to make sense of it all. Perhaps this is the wrong place to try and do that.<br />Matt deHaanhttps://www.blogger.com/profile/15639122646350352974noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-14615321982123867682014-10-07T21:04:16.945-07:002014-10-07T21:04:16.945-07:00Peter Dykes;
It is sad Peter that miners are ofte...Peter Dykes;<br /><br />It is sad Peter that miners are often run by folks who fail to understand markets. Those miners who once hedged, and did it effectively I might add back during the big bear market that lasted from 1980-2000, such as Barrick were blasted by shareholders when the price of gold was rising and they were losing profits because they had forward sold a lot of gold at a much lower price than what the market was currently providing at that time. The uproar from shareholders was so loud that Barrick got out of them all. I think that spooked a lot of them into not hedging which was the actions of geniuses when gold was rising but once a bear market in the metal began, they did not recognize it and hedge or they were fearful of another shareholder pr nightmare and thus avoided doing so. One can only hope that some of them have hedged above $1500 or at least $1400 which will allow them some profits. Those that are completely unhedged are in trouble because they have no downside protection whatsoever. <br /><br />Maybe gold is close to a bottom, maybe not but it is a tragic commentary on the inability of mining outfits to run their businesses like some big ag interests who know how to properly hedge risk and offset it.Trader Danhttps://www.blogger.com/profile/05484363461047659198noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-7345317808389947942014-10-07T20:53:08.728-07:002014-10-07T20:53:08.728-07:00Dan, with the heavy fall in gold since last year, ...Dan, with the heavy fall in gold since last year, with the price of gold touching on the production cost at $1200, and the all-pervading bearishness, why have the miners not dramatically increased their hedging? Or perhaps they have, but there is little or no mention of this. I would have thought they would be very worried about the outlook, since if gold falls to $1000 say, many would have to close or suspend activities, unless they hedge.Anonymoushttps://www.blogger.com/profile/14350770008155145049noreply@blogger.com