tag:blogger.com,1999:blog-1708908742323002823.post3677974697464478631..comments2024-02-10T02:18:27.240-08:00Comments on Trader Dan's Market Views: Euro Gold right at Resistance levelTrader Danhttp://www.blogger.com/profile/05484363461047659198noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-1708908742323002823.post-81523609474589017052012-01-27T09:27:02.264-08:002012-01-27T09:27:02.264-08:00Hi Trader Dan,
Thank you for the chart. We current...Hi Trader Dan,<br />Thank you for the chart. We currently are slightly above 1315 euros/oz for gold. I think your readers should know that in Swiss francs you would be at the same levels just looking at the chart and forgeting for a moment everything you ever heard about Greece. If you put up yet another chart of gold in British pounds you would get essentially the same result - very close to a breakout. So much for the stupidity of the euro project. The Euro may yet fail, but please let's not confuse patriotism with reading the chart. The chart for Old Glory does not look good right now. <br />One of your readers made a very good point that the miners - gold and silver - aren't allowed to get a rally going. Earnings season is fast approaching - perhaps some of the analysts will start sharpening their pencils and put in higher values for gold in the present value models for 2014 and onwards. Most do not think we will still be above 1700 in two years - perhaps 1300US or lower is commonly used.Tomhttps://www.blogger.com/profile/14701125794767347203noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-12245220236753118922012-01-27T09:25:02.629-08:002012-01-27T09:25:02.629-08:00wouldn't want to miss a day reading Trader Dan...wouldn't want to miss a day reading Trader Danjake the snakehttps://www.blogger.com/profile/02472541600848206116noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-10895018869377533392012-01-27T09:18:19.171-08:002012-01-27T09:18:19.171-08:00Dan, can you post the current broad dollar index c...Dan, can you post the current broad dollar index chart? I can't find it at any other site.Ariushttps://www.blogger.com/profile/11925730650755037497noreply@blogger.com