tag:blogger.com,1999:blog-1708908742323002823.post3425448396790147813..comments2024-02-10T02:18:27.240-08:00Comments on Trader Dan's Market Views: Silver Succumbs to Gold WeaknessTrader Danhttp://www.blogger.com/profile/05484363461047659198noreply@blogger.comBlogger44125tag:blogger.com,1999:blog-1708908742323002823.post-87426676564971003542014-05-19T02:46:23.777-07:002014-05-19T02:46:23.777-07:00Gold held below $1,300 an ounce as investors asses...Gold held below $1,300 an ounce as investors assessed the health of the U.S. economy and the impact on monetary stimulus against tension in Ukraine and Hedge funds cut bullish bets on gold futures by the most in a month as holdings of physical bullion in exchange-traded funds dropped to the lowest since 2009.<br /><a href="http://www.capitalstars.com/bullion.php" rel="nofollow">Bullion Tips</a>Best Commodity | XAUUSD GOLD |CRUDEOIL |Service Providerhttps://www.blogger.com/profile/03807330453349878945noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-78920043498471199052014-04-30T02:49:26.646-07:002014-04-30T02:49:26.646-07:00Copper prices declined on Tuesday, as investors re...Copper prices declined on Tuesday, as investors remained cautious ahead of the Federal Reserve's policy meeting due to begin later in the day.<br />Best Commodity | XAUUSD GOLD |CRUDEOIL |Service Providerhttps://www.blogger.com/profile/03807330453349878945noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-65255392395823104062014-04-28T02:44:26.203-07:002014-04-28T02:44:26.203-07:00Axis Bank fourth quarter (January-March) net profi...Axis Bank fourth quarter (January-March) net profit rising 18.5 percent year-on-year to Rs 1,842 crore on higher other income and net interest income. Net interest income during the quarter jumped 18.8 percent to Rs 3,165 crore while non-interest income climbed 10.3 percent to Rs 2,213 crore year-on-year.Asset quality improved sequentially. <br /> Best Commodity | XAUUSD GOLD |CRUDEOIL |Service Providerhttps://www.blogger.com/profile/03807330453349878945noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-78867113545874755392014-03-27T03:48:03.894-07:002014-03-27T03:48:03.894-07:00So the trade met its logical conclusion :
silver ...So the trade met its logical conclusion : <br />silver went down to 19.50 and I got stopped, losing 13 cents.<br />Lessons to be learnt :<br />- no compulsive trades<br />- don't get in the market all the time, and when you do, with a real strong reason<br />- if you feel emotionally weak that particular day and that this will make you act strangely, just turn off your computer and come back one or two days later<br />The last condition I applied plus my stop loss allowed me to lose only a little yesterday. That's still too much. I had the feeling that the trade was wrong a few minutes after I made it, which is why I described it here as well. Learn from successful trades. Learn from mistakes as well. Trading is a constant fight against yourself. Don't think you are a Jedi. If you do, turn off the computer :)<br /><br />Anonymoushttps://www.blogger.com/profile/00335835171576180359noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-29024216565798963582014-03-26T09:35:23.427-07:002014-03-26T09:35:23.427-07:00Got it Wrong;
What book might that be? Please do l...Got it Wrong;<br />What book might that be? Please do let me know where it is and I will gladly sell it.<br /><br />The gold cult, of which you are sadly a blinded member, simply cannot admit that they have been chasing a losing investment strategy for the last two years now. And, NO, it is not widely accepted by EVERYONE as you so blindly assert. It is asserted by some and is easily disproved by an understanding of hedge fund activity; something which the gold cult will never understand because they do not understand the nature of today's modern markets.<br /><br />And if my "advice" ( which I do not give - I give interpretation of price action via charts) is so useless, what in the hell are you still doing here reading it every day and annoying the rest of the readers and posters here who actually try to engage our brains and think and analyze what the price action is telling us? those are the actions of a hypocrite with no integrity or sense of honor.<br /><br />Why not go away and enjoy drinking the Kool-Aid at the many other perma gold bull sites out there. I really think you would be much happier because there would be nothing there that might upset your world view. Enjoy the cult mentality because that is what you are trapped in. I sincerely hope you come to your senses at some point and understand what has happened to you.Trader Danhttps://www.blogger.com/profile/05484363461047659198noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-85701398871312055842014-03-26T09:19:18.174-07:002014-03-26T09:19:18.174-07:00Sprott is no different than you. Selling his book....Sprott is no different than you. Selling his book. It took a month for gold to rise 90 dollars and 3 days to crash at option expiration...no manipulation there eh Dano. To admit that there is manipulation of the metals (which is so widely accepted now by everyone) would mean that your charts are useless ergo your advice becomes useless. keep selling your book Dan.Got It Righthttps://www.blogger.com/profile/03815963795997697678noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-27610857223791289702014-03-26T08:39:36.297-07:002014-03-26T08:39:36.297-07:00Tango Duhaut to ground control.
Reasons of buying ...Tango Duhaut to ground control.<br />Reasons of buying : <br />- 19.80 in the middle of 19 - 20.60 range<br />- gold hit 1300 level = ma50 = ma200 = target<br />- because I'm high and I think I'm a Jedi<br /><br />Other signals : none. i.e much too early to have any confirmation of a bounce. MACD 1 hour silver still heading down and not on its propagation axis. Bollinger Bands daily on Copper still heading down, which may lead to disaster tomorrow and a reinforcement of the bear trend.<br /><br />Conclusion : this was a compulsive crazy trade. When I start making compulsive crazy trades, I turn off the computer and stop trading for the whole day. So that's exactly what I'm going to do :)<br /><br />Anonymoushttps://www.blogger.com/profile/00335835171576180359noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-19920620371809046642014-03-26T08:22:59.545-07:002014-03-26T08:22:59.545-07:00Just bought silver a bit under 19.80, at 19.78
Cal...Just bought silver a bit under 19.80, at 19.78<br />Call it compulsive buying lol.<br />The reason : it's the middle of the range 19-20.60 which extended to 22.20.<br />And?<br />Well, that's it.<br />Uh, no, wait, it's also the 77% Fibo retracement area of 19-22.20.<br />And bloody copper is at 2.95 closer to the bol inf, and...euh...because I'm a jedi apprentice and the force told me to buy. I said it was compulsive.<br />Ah, now checking on the 1 hour candle (after buying, sic!), I see a double bullish divergence on the macd...that is...if the macd turns back up. And it's still far from propagation axis, too, so no, I would have anticipated this signal anyway, it's much too early still.)<br />Yes, really compulsive jedi apprentice long, so I put a stop loss at 19.65, not to look too stupid if it keeps falling :)<br /><br />Anonymoushttps://www.blogger.com/profile/00335835171576180359noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-44817738886568170022014-03-26T08:17:01.972-07:002014-03-26T08:17:01.972-07:00gold can often make a turn off of options expirati...gold can often make a turn off of options expiration, as the market makers will put prices where it expires the most options worthless... also in the money options held will become a futures contract on re-open, so the boyz will often yank those holders right out of the new positions!<br />http://www.barchart.com/futures/expirations.php?view=options<br />gold has the 200-day MA right on the 1300 round number, so things are getting interesting!<br /><br />here's a statement on the ags, but it has been the same on fund longs in crude oil, gold, you name it across commodity land:<br />In recent weeks funds have gone from net short in total Ag position to net long and are seen holding largest combined net long in the grains and soy complex since 2012. Fundamentals have supported some of this reversal from net short in corn and wheat as demand and weather have offered support but sharp shift has market trimming risk with long range fundamental outlooks both domestically and globally still bearish. <br /><br />cheers!<br />77https://www.blogger.com/profile/05390025091154704970noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-82670198488019471742014-03-26T07:41:02.589-07:002014-03-26T07:41:02.589-07:00Seeing as I'm new to trading... Can anyone sug...Seeing as I'm new to trading... Can anyone suggest a sector to keep tabs on while gold is being beat down? Equities are obvious but certain ones it would benefit me to learn, know and tradeAnonymoushttps://www.blogger.com/profile/03265469582453184842noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-7911785791201004412014-03-26T07:28:50.806-07:002014-03-26T07:28:50.806-07:00PS. Willie is nothing more than a eccentric sensa...PS. Willie is nothing more than a eccentric sensationalist pumper of fictional scenario's that are intended to suck in the easily amused who'll believe anything.Dan the Manhttps://www.blogger.com/profile/11796022385624649942noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-13818347604402685592014-03-26T07:24:22.470-07:002014-03-26T07:24:22.470-07:00Mark,
I'm not buying into the gold ...Mark,<br /> I'm not buying into the gold shortage/empty vault's etc. hyperbole either.<br />I know the perma-bull shills will always cry manipulation as their fallback excuse for price drops.<br />But how do they explain away (besides evil manipulation) the recent lousy price direction in gold despite the reported large purchases by the CB's of Iraq, Turkey, Russia, China/Hong Kong and probably India and many other countries who are going long and who apparently have little problem procuring phyz gold?<br /><br />It probably sounds like I'm a gold or silver hater but I'm just a patient stacker whose tired of the 24/7 cheerleader shills out there who don't possess an ounce of unbiased objectivity they'd dare share with their followers.<br />The biggest fear of the pumpers is a disinterested sentiment in gold and silver. That's why they cheerlead even in the face of bearish realities.<br /><br />Crying "manipulation" all the time is a simplistic emotional crutch they cling to and it's also the hook they use to keep their followers from wandering off from disinterest.<br /><br />CB's buying massive amounts of gold should be mildly bullish EXCEPT sentiment sucks. Unless you're a pumper who shills services and merchandise.<br /><br /><br />Dan the Manhttps://www.blogger.com/profile/11796022385624649942noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-35692914243382269222014-03-26T07:22:28.862-07:002014-03-26T07:22:28.862-07:00Fresh new lows for the move in GDX/GLD.
The "...Fresh new lows for the move in GDX/GLD.<br /><br />The "terrifying collapse" continues unabated.<br /><br />Meanwhile, the economy booms. Steelcase Furniture up 18% today, Movado up 9%, AOL up 6%, more breathtaking moves in the consumer and cyclical space.Markhttps://www.blogger.com/profile/13068811838777958318noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-10618644528798884482014-03-26T06:41:16.420-07:002014-03-26T06:41:16.420-07:00Dan the Man;
Many thanks for putting up this post...Dan the Man;<br /><br />Many thanks for putting up this post and the link. Individuals like Sprott continue to pull these sorts of stunts while they come out with their outlandish predictions as they play the gold community for a group of suckers and fools.<br /><br />Just the other day I was in my truck and up popped another one of those gold commercials in which the huckster was quoting none other than Eric Sprott with a claim that this year gold was going to hit $2000 and that was the reason that the listeners should get in right now. <br /><br />Yep, Sprott is so certain, so convinced that the metal is going to $2000 this year that he dumped it last year below $1360.<br /><br />When are these poor people reading the vomit that these men upchuck as "analysis" going to wake up?Trader Danhttps://www.blogger.com/profile/05484363461047659198noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-25906360910965573692014-03-26T06:22:03.111-07:002014-03-26T06:22:03.111-07:00Dan The Man,
There is no scarcity of gold. Some ...Dan The Man,<br /><br />There is no scarcity of gold. Some are buying, but many more are selling.<br /><br />That's why the price is going down.<br /><br />COMEX has plenty of inventory, there's not going to be any default.<br /><br />That's just another wild-haired story, just like Jim Willie's story last year about how Morgan Stanley Lehman-style collapse was "imminent".<br /><br />Nothing but sensationlism.Markhttps://www.blogger.com/profile/13068811838777958318noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-19706300064669639832014-03-26T05:37:57.502-07:002014-03-26T05:37:57.502-07:00Link to above info.
http://finance.yahoo.com/news...Link to above info.<br /><br />http://finance.yahoo.com/news/sprott-corp-announces-2013-annual-215600981.htmlDan the Manhttps://www.blogger.com/profile/11796022385624649942noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-27478779823795532022014-03-26T05:35:47.617-07:002014-03-26T05:35:47.617-07:00H'mmm....but I thought gold was about to sky-r...H'mmm....but I thought gold was about to sky-rocket due to it's scarcity?!?!<br /><br />Why would Sprott sell (or shill) gold last year and this year if the Comex or LBMA was about to collapse???<br /><br />SRC=Sprott Resource Corp.<br /><br />"During 2013, SRC sold 73,971 ounces of its gold bullion for approximately $100.6 million dollars at an average price $1,359 per ounce. "<br /><br />Dan the Manhttps://www.blogger.com/profile/11796022385624649942noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-85158948282478179002014-03-26T02:56:35.258-07:002014-03-26T02:56:35.258-07:00This comment has been removed by a blog administrator.Pooja Pariyahttps://www.blogger.com/profile/01474862718574432345noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-22248708003955600772014-03-25T23:28:48.396-07:002014-03-25T23:28:48.396-07:00This happens rarely enough on a daily time scale s...This happens rarely enough on a daily time scale so that I focus on it.<br />Here is also the occasion to show why I often use Bollinger Bands in my trading decisions.<br /><br />Copper, daily time frame : <br /><br />http://i62.tinypic.com/16c7447.jpg<br /><br />The ETMacd reversed down after reaching new highs of volatility. That is the advanced signal which usually warns about a coming reversal of a Bollinger Band, when both Bollinger Bands are heading the same way, just as now (down, i.e the trend is down).<br />When that happens, it can be interesting to play a contrarian trade provided that prices get close enough to the BB about to reverse, as it will play a role of support, allowing me to put a stop loss close to my entry point. <br /><br />Again, I'm not using T.A here to magically foresee where Copper prices will be in a few weeks.<br />I'm only using T.A to try to detect potential reversal areas, supports, resistances allowing me to put a stop loss close enough to benefit from a good risk/reward ratio.<br />Use T.A that way and imho you will reduce your losses, and even start making some profits on the long run.<br />Trade without understanding what trading means and you will remain the fish who is here only to give his money to the pros of the trading floors and their monster algos.<br /><br />Macd is also crossing up.<br />So, if copper prices would now once more test 2.90 with a bollinger band heading up towards 2.85 and more, I'm pretty sure I'll go long in that area.<br /><br />Anonymoushttps://www.blogger.com/profile/00335835171576180359noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-47205837908621425562014-03-25T19:21:53.350-07:002014-03-25T19:21:53.350-07:00Gdx making h&s bottom on 6 mth chart.
Copper ...Gdx making h&s bottom on 6 mth chart.<br /><br />Copper now rising after bull hammer few days back. China will never allow collapse.<br /><br />Anonymoushttps://www.blogger.com/profile/13412568867837304382noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-67704616967569654032014-03-25T13:41:03.114-07:002014-03-25T13:41:03.114-07:00Another strong day for the Dow, with IBM, CSCO and...Another strong day for the Dow, with IBM, CSCO and JNJ breaking out, new highs for the move for HPQ also.<br /><br />Tomorrow we could see more big Dow components start making moves.<br /><br />Meanwhile GDX owners just got "bailed in" by a 20% loss in 7 trading days.<br /><br />Stay in the system.Markhttps://www.blogger.com/profile/13068811838777958318noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-49879684455362154542014-03-25T10:44:48.827-07:002014-03-25T10:44:48.827-07:00Hi Steve,
Anyway, I had no opportunity to buy cop...Hi Steve,<br /><br />Anyway, I had no opportunity to buy copper : prices were too far above the Bol Inf for an interesting risk / reward for a contrarian trade in a bear trend.<br />So I'm simply watching how things evolve.<br />For sure if prices go down once more and bol inf goes up eventually, I'll risk a long position on copper.<br />Signal still has to be confirmed : it's been 2-3 candles now that the ETMACD is going back down from new high levels of volatility. If bol inf keeps going down within 2 candles, it won't be a bullisj signal anymore, rather the opposite :)<br />I'll try to post a chart later on...<br />Good trades to you :)Anonymoushttps://www.blogger.com/profile/00335835171576180359noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-47491818267082807632014-03-25T10:39:22.736-07:002014-03-25T10:39:22.736-07:00Hubert; Last week was a bear trap at $2.93 March c...Hubert; Last week was a bear trap at $2.93 March copper, I think; now it is rally time for a minute, but when we next close weekly <$3, I think the party is definitely over; sparks Anonymoushttps://www.blogger.com/profile/15820220635483947518noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-88081093098293176202014-03-25T10:12:22.517-07:002014-03-25T10:12:22.517-07:00Advanced signal on copper about to work.
Bollinger...Advanced signal on copper about to work.<br />Bollinger Band inf should reverse very soon and go up, becoming support to prices. Let's see, maybe the bleeding is over on copper for now.<br />Yet, if the bollinger band keeps going down within 2 to 3 candles (daily), wow,that will be very bearish for copper prices, signaling a very strong bearish trend.<br />(at least that's the way I interpret my indicators :))Anonymoushttps://www.blogger.com/profile/00335835171576180359noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-65265997516107271172014-03-25T09:00:43.486-07:002014-03-25T09:00:43.486-07:00Yes Steve, the poor "Godfather" complete...Yes Steve, the poor "Godfather" completely missed the greatest bull market in stocks since the 1990's and today with the Dow Transports at 7600 and pinned at record highs the man is still scared stiff and still recommending his subscribers to bail on stocks and stay in gold and Treasuries.<br /><br />Of course, that is easy for him to say, luxuriating in his La Jolla beach home fully paid for, while 250,000 subscribers send money each month, why take risk when you are already rich? Easy for him to park his money in T-Bills and buy a little gold here and there, but the common man cannot survive or make it through retirement on such paltry returns.<br /><br />However, the aggressive ones who loaded up on the consumer and tech "glam" names in 2009 and held on with a death grip have already acheived a lifetime's worth of wealth in a mere 5 years time, and those guys can sell now, park the money in income properties, and never look at a stock screen ever again.<br /><br />And certainly not waste time subscribing to gloom and doom letters and attending Q & A sessions, lol...Markhttps://www.blogger.com/profile/13068811838777958318noreply@blogger.com