tag:blogger.com,1999:blog-1708908742323002823.post3813677076223033193..comments2024-02-10T02:18:27.240-08:00Comments on Trader Dan's Market Views: Gold Chart and thoughtsTrader Danhttp://www.blogger.com/profile/05484363461047659198noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-1708908742323002823.post-40091302400110671082011-12-15T01:29:14.600-08:002011-12-15T01:29:14.600-08:00In the age of deleveraging, a buy and hold strateg...In the age of deleveraging, a buy and hold strategy in stocks, such as the one by Barrons, that is Barron's 10 Favorite Stocks For 2012, will be utter disaster: its falling on a knife. The only prevailing forms of wealth will be diktat and the physical possession of gold. Guy M. Lerner of The Technical Take relates that gold is still in a bull market and presents the monthly chart of the gold showing it to be in an uptrend. Gene Arensberg of Got Gold presents the weekly chart of gold headed to support at $1,535. And Mitch Hammerstedt of Market-Foresight presents the daily chart of gold trading at $1,574 with support at $1,500. Gold Analysis from Shaza references the Arthur Hill presentation of the daily chart of $gold with support at 1,550. Trader Dan Norcini presents the daily chart of gold with double bottom at $1,535. The fall lower in gold reflects speculative exhaustion and presents a buying opportunity.theyenguyhttps://www.blogger.com/profile/08515095308836729043noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-75791989383885682352011-12-14T22:47:33.762-08:002011-12-14T22:47:33.762-08:00I'm so worn out that at first I thought you me...I'm so worn out that at first I thought you meant Jim Sinclair --- he has that farm, so the mention of firewood tricked me at first!<br /><br />The alcohol bit reminds me that I need a drink!!Insighthttps://www.blogger.com/profile/03676441498019695410noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-2230888156147272122011-12-14T15:10:54.231-08:002011-12-14T15:10:54.231-08:00er that was depressing.er that was depressing.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-21098900902865493462011-12-14T13:53:46.967-08:002011-12-14T13:53:46.967-08:00Jessee has a couple of nice theories. I think buyi...Jessee has a couple of nice theories. I think buying mining companies on the cheap fits best. <br />Otherwise, Theory 3: Santa had to liquidate all the gold he collected at various tipping residences for the last 5 years. He had to liquidate due to the cost of living increases. His production costs were predominantly driven up by the price of energy (firewood) and Reindeer dung (burned with little CO2 emissions). Additional increasing operating costs included a sub account Reindeer Training-V. These costs tripled under the current administrations extensive mandatory retraining law just instituted in early 2011. This training required all reindeer to attend several certificate training sessions. Additional expenses demanding liquidation of Santas Assets included increase in specific payroll or employee benefits necessary for keeping his labor force. One account nearly tripling identified was "Alcohol allotments". Statements made to press indicated that declining morale issues of the elves. Lastly and not least, the Elves had to vote whether or not to accept Santa's last bargaining agreement. This put them way behind schedule and overtime labor costs increased drastically. <br /><br />Merry Christmas EveryoneWhite Wolfhttps://www.blogger.com/profile/13965194184809848345noreply@blogger.com