tag:blogger.com,1999:blog-1708908742323002823.post3102820101065792300..comments2024-02-10T02:18:27.240-08:00Comments on Trader Dan's Market Views: Bernanke Speaks; Gold ClockedTrader Danhttp://www.blogger.com/profile/05484363461047659198noreply@blogger.comBlogger35125tag:blogger.com,1999:blog-1708908742323002823.post-46873433363431850432013-06-25T11:55:06.927-07:002013-06-25T11:55:06.927-07:00Thanks for the information, I've been research...Thanks for the information, I've been researching buying and selling gold for a few days now. I've saw some <a href="http://www.whatsupgold.com/technology/network-management/monitoring-technologies/" rel="nofollow">snmp monitoring</a> software that looks to be a great tool to track market prices. Do you have any experience in this type of software? Anonymoushttps://www.blogger.com/profile/15219046401291917031noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-70450449980375067002013-06-20T23:53:48.080-07:002013-06-20T23:53:48.080-07:00No one can stop the journey of gold from buying it...No one can stop the journey of gold from buying it. Now <a href="http://www.sprottmoney.com/store-with-us" rel="nofollow">buying gold online</a> has become a great trend in Canada because of the easier procedures and delivery. Hannah Johanssonhttps://www.blogger.com/profile/03309800910518478137noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-45058065045781677382013-06-20T21:41:56.748-07:002013-06-20T21:41:56.748-07:00HI going loco
No, I am not all in. I am okay on t...HI going loco<br /><br />No, I am not all in. I am okay on the physical I own but it is the Gold Miners where I have lost about 60%...that is bad no matter who you are.<br /><br />I am also heavy cash, but I was also into Oil, grains etc.<br />But who needs that junk!<br />Buy Disney, Harley and Coach Hand bags...that's what we really need...right??<br /><br />I don't mean to come off so negative but if Gold is going to be the last man standing it sure is tuff to hang in there.Anonymoushttps://www.blogger.com/profile/12484142363488637120noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-88704651556157061372013-06-20T13:38:50.864-07:002013-06-20T13:38:50.864-07:00You might perceive yourself as bearish, but you co...You might perceive yourself as bearish, but you come off like an adolescent "hater". You can't seem to offer a comment without mocking KWN and the people who contribute there. It's not just old, it's pathetic.Gilhttps://www.blogger.com/profile/16780909602588070681noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-72886954116939403162013-06-20T12:02:26.371-07:002013-06-20T12:02:26.371-07:00when you are as bearish as I am, you always have t...when you are as bearish as I am, you always have to be on the lookout for why some of your thoughts are incorrect, and thus visits to perma bull sites is a must; btw, I wonder where the 15-1 gold/silver players have their stops? 100-1?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-61504972110906146062013-06-20T11:55:59.896-07:002013-06-20T11:55:59.896-07:00Dean - Wow! There are NO exceptions?
Wrong!
Dan No...Dean - Wow! There are NO exceptions?<br />Wrong!<br />Dan Norcini is the exception.<br />I bless the day I found Dan on Sinclair's site.<br />I have learned more about markets by reading Dan than all the rest put together.<br />Apart from anything else Dan has taught me to (1) read the tape, and (2) form my own thesis, test it, and retreat instantly if the tape shows that I am wrong. I agree the so-called "gurus" are all bullshit. I couldn't care less what any guru says. I trade in a market place and the tape tells me what is happening, not some bullshit guru.<br />I am truly sorry Dean that your foray into gold has lost you so much money at a time in your life when you can ill afford it. But your big mistake was not buying some gold. Your big mistake seems to be that you went all-in for gold and held on, blind to the tape. Big lesson here for everyone: never put all your eggs in one basket and learn to read the tape.<br /><br />Now then, what next? There HAS to be a bounce in here, somewhere. The recovery from 1321 to 1487 was 12.5% but no chance of getting all that. I always work on the basis that even on my best days I am going to miss the first 10% and the last 10% of every move even if I get everything right. I was on vacation in April so I didn't trade, but I could trade now. I use Bullionvault. Is a possible 10% gain (before commissions) worth the risk? Well, yes it is. All eyes on the tape everyone.... Wait for it....Going locohttps://www.blogger.com/profile/17939424767357092025noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-64245182071285412292013-06-20T11:24:15.393-07:002013-06-20T11:24:15.393-07:00Schwaab ready to go negative...2:19 PM.
Panera Br...Schwaab ready to go negative...2:19 PM. <br />Panera Bread off 1.1%<br />STI SunTrust negative down<br />BBT looks like a winner<br /><br />Down goes Frazier, down goes Frazier. The thrilla in Manilla now happening in Stocks sold off again today better than 6:1. <br /><br />What is the deficit going to be now that yields are up and Big Ben was PUZZLED>>>>>>>>>>>..White Wolfhttps://www.blogger.com/profile/13965194184809848345noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-17201354541816927032013-06-20T10:59:51.414-07:002013-06-20T10:59:51.414-07:00Anybody have any thoughts at what level we'll ...Anybody have any thoughts at what level we'll start to see production shut-ins? willydoghttps://www.blogger.com/profile/16716849781430555079noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-80564317551421972272013-06-20T10:39:46.805-07:002013-06-20T10:39:46.805-07:00Agree - it's getting old.Agree - it's getting old. willydoghttps://www.blogger.com/profile/16716849781430555079noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-23522240144240655132013-06-20T10:35:04.635-07:002013-06-20T10:35:04.635-07:00If one looks at where the gold and silver market i...If one looks at where the gold and silver market is today, then the talk about imminent collapse and stuff seems pretty ridiculous. But if I told you the US had a 17 trillion debt and counting higher, and that rates were zero, and the fed has just printed money, you would logically conclude that gold MUST be significantly. So that must be the assumptions used to make those predictions. It just hasnt turned out that way. Yet.arniehttps://www.blogger.com/profile/17597016551120682781noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-9911944530551726372013-06-20T09:52:12.301-07:002013-06-20T09:52:12.301-07:00I agree with the comment about KWN.
Actually, all ...I agree with the comment about KWN.<br />Actually, all gold websites, commentators and analysts are becoming nothing but bad comedy.<br />Not one...not one of them has been even remotely close to being correct.<br />I did lighten up on my gold position on the last micro bounce but I wish I had just sold it all.<br />We keep reading this rubbish about imminent collapse, inflation, protect yourself, gold insurance...blah blah blah! <br />We've been had by a bunch of gold charlatans...there are NO exceptionsAnonymoushttps://www.blogger.com/profile/12484142363488637120noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-82677815424589280972013-06-20T09:50:39.261-07:002013-06-20T09:50:39.261-07:00Steve,
Looks like you arent to fond of KWN. This b...Steve,<br />Looks like you arent to fond of KWN. This being the case, stop visiting there site. Food for thought!<br />Anonymoushttps://www.blogger.com/profile/10366683894545649989noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-67908980533635976872013-06-20T09:30:57.033-07:002013-06-20T09:30:57.033-07:00Regional bank stocks pinned near 52-week highs are...Regional bank stocks pinned near 52-week highs are are green on the day. Same goes for the likes of Starbucks and Panera Bread.<br /><br />Anyone who kept their hard earned investment dollars safely ensconsed in regional bank equities and brokerage account equities like Charles Schwab is sleeping like a baby.<br /><br />As I speak SCHW is now printing new 4 year highs as investors rush to place their discretionary fund into the "Too Big To Fail" banks and mainstream brokerage accounts.<br /><br />Those who staked their future on gold, emerging markets, or hard assets are seeing their wealth destroyed an an accelerated pace.<br /><br />Exactly as Ben Bernanke planned.<br /><br />Market historians will be marveling at this acheivement for the next 50 years, it will be the model for central banking for the next several decades.Markhttps://www.blogger.com/profile/13068811838777958318noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-68232823651877836162013-06-20T08:49:55.841-07:002013-06-20T08:49:55.841-07:00KWN gets funnier every day; now some clown tells u...KWN gets funnier every day; now some clown tells us all for the 44th time how gold and silver are being manipulated down and so on; I wonder why he did not explain to us all that the bonds, fx, stk indices, grains were all being manipulated down also; what a donkey!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-71460473389995954622013-06-20T08:28:57.149-07:002013-06-20T08:28:57.149-07:00Look at the good side. Hang in there for a nice sh...Look at the good side. Hang in there for a nice short squeeze opportunity, just purely on spec activity (supply/demand of the commodity aside). Greed mode should be kicking in for the shorts here very 'shortly'. They will drag along with them some weak handed longs. <br /><br />Another 10% move to the downside would setup a very nice squeeze opportunity. Catch the selloff with equities and then go long. Gold was holding up better as of late to oil at the 1380 spot level. <br /><br />Wait for the hatred of PMs to become so frothy that nobody can stand them anymore, then go in. It may have an 11 handle on it when all is said and done, but I think the bottom is near. <br />willydoghttps://www.blogger.com/profile/16716849781430555079noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-90483449434898057362013-06-20T08:03:38.865-07:002013-06-20T08:03:38.865-07:00Hubert,
If, and a big If, the rout continues, we...Hubert, <br /><br />If, and a big If, the rout continues, we are back to the meltdown days of pre QE 1. Can we just slaughter the system this time? .I want JPM, C, HSBC, BAC, MS to go the way they should have in 2008-2009. Then we can safely say we will be on our way to recovery. This recovery is full of BS. They know it, Bernanke knows it, and Obama may use it to try to instill Martial law. Let's see what happens...watching 1205 with baited eyes. Stocks will have to follow commodities, unless of course the PPT and the banks with Fed money start anew with another plan to buy securities flat out violating their charter. Getting fun now..Dow off over 200..come on drop to -500 at close. White Wolfhttps://www.blogger.com/profile/13965194184809848345noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-41360005367792949952013-06-20T07:36:43.543-07:002013-06-20T07:36:43.543-07:00At 1290, there is a support level on the monthly t...At 1290, there is a support level on the monthly time unit.<br /><br />http://s21.postimg.org/6mynmqmlj/gld.jpg<br /><br />After that, it's the mlh inf which coincides with the next retracement fibo level around 1205 $...<br />Maybe 1290 will hold.Anonymoushttps://www.blogger.com/profile/00335835171576180359noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-27474313270423848372013-06-20T07:07:03.660-07:002013-06-20T07:07:03.660-07:00The timing of all this gold price volatility alway...The timing of all this gold price volatility always seems to bite me in the ass! I save my money in physical gold so when I need to dip into my savings, it never fails to coincide with one of these nasty down-drafts. In general I hate selling gold worse than I hate stepping in dog sh*t, but having to sell gold in times like these feels more like having to eat it. It may leave a bad taste in my mouth, but these price swings have not shaken my resolve to keep my money out of the system.Gilhttps://www.blogger.com/profile/16780909602588070681noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-46881116671209961592013-06-20T06:34:21.569-07:002013-06-20T06:34:21.569-07:00Hubert,
You are a smart man. Let us see what ha...Hubert, <br /><br />You are a smart man. Let us see what happens today. They had to capitulate on the U-3, they are washing the stats in order to give the Fed more room. I say, let it fall to a real market. Lets see what the Banks do today. The banks in italy fell hard yesterday. I hope the Banks in the US fall harder. No question Obama wants to replace Bernanke in order to keep printing. The NWO is at the door. Stay strong!!!White Wolfhttps://www.blogger.com/profile/13965194184809848345noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-35765732606397859112013-06-20T06:23:22.543-07:002013-06-20T06:23:22.543-07:00on a daily time unit, free software on prorealtime...on a daily time unit, free software on prorealtime.<br />Intraday, you can open an account with a demo platform on a futures or CFD broker and use their graphs.<br />There are many, check on the web.Anonymoushttps://www.blogger.com/profile/00335835171576180359noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-90202823371887411002013-06-20T06:18:22.863-07:002013-06-20T06:18:22.863-07:00May I ask where I may create my own GLD chart, tha...May I ask where I may create my own GLD chart, thanks.Jonathanhttps://www.blogger.com/profile/10476639574942851387noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-86585750956827299462013-06-20T05:34:16.337-07:002013-06-20T05:34:16.337-07:00The Only question in my mind is a very simple one:...The Only question in my mind is a very simple one:<br /><br />"Why is the FED still telling us that it will stop/reduce its monthly 85B buying knowing that it leads to a fall in equity values and a rise in 10 Year Treasury and therefore a rise in fixed mortgage rates with the ugly consequences in the housing market?"<br /><br />What do they know that we don't? <br /><br />My answer? The same -right or wrong- I have been giving. <br /><br />They want the USD higher because it is the only psychological fence still up. Let go of the USD and the equity market will go down and inflation will go where all of us think it will: to the sky AND The Yuan will become the ONLY safe place to park the trillions of dollars in circulation marking the death of the USD and therefore the United States of America. <br /><br />Very dangerous game!!Huberthttps://www.blogger.com/profile/05233332512788687701noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-45686499578869979192013-06-20T05:10:14.348-07:002013-06-20T05:10:14.348-07:00Lets see if the equity rout continues. Hopefully ...Lets see if the equity rout continues. Hopefully it does and this time if we can get a large rout, maybe, just maybe, we can then finally put the foot to the floor on Jamie, Blanfein, and the rest of the manipulators. Push it through their throats until the foot hits the floor. This time, we take out the IRS and restructure the tax laws to a flat tax. This time when the bond market fails we take away the free money to the Big Banks and let the Main Stream Media finally say that the U-3 is NOT a reflection of real economic growth. This time, the banks are taken out one at a time and no TBTF. This time the economy goes back to free market principals and the large companies suffer like the rest of us. That is my prayer. I really think this is what we have to do. Lets just see what happens. If not, Ben will be pushed to come out and make a clarifying statement. Our debt will force the deficit to a skyrocketing position. The banks and Fed are sitting on "mark to market" BS. Lets have a real economy again!!! We should be recovering by now, if, LAST TIME, we took our medicine. Here Here!!White Wolfhttps://www.blogger.com/profile/13965194184809848345noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-59859525967699599992013-06-20T05:06:09.492-07:002013-06-20T05:06:09.492-07:00still here. Waiting for the next sale. Chinese Pan...still here. Waiting for the next sale. Chinese Pandas at $25 very appealing. willydoghttps://www.blogger.com/profile/16716849781430555079noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-39984053448345997912013-06-20T04:59:56.431-07:002013-06-20T04:59:56.431-07:00Weak demand coming from China and India is taking ...Weak demand coming from China and India is taking its toll. The demand side is not holding up. The import duties coming out of India couldn't have come at a worse time as specs are all ganging up on the sell side. <br /><br />Think about it - incomes have not accelerated at the same pace as gold appreciation. People want a sale on physical to buy more. That initial wave of demand is now exhausted and supply is still plentiful. willydoghttps://www.blogger.com/profile/16716849781430555079noreply@blogger.com