tag:blogger.com,1999:blog-1708908742323002823.post3976104008509851906..comments2024-02-10T02:18:27.240-08:00Comments on Trader Dan's Market Views: Retail Sales Number Derails QE ExpectationsTrader Danhttp://www.blogger.com/profile/05484363461047659198noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-1708908742323002823.post-19183310556866511952012-08-15T07:36:53.901-07:002012-08-15T07:36:53.901-07:00Ratio Traders are killing it again. Everyone is n...Ratio Traders are killing it again. Everyone is now terrified of the 3 most powerful Fed policy tools available:<br /><br />"Jawboning"<br />"Gum-Flapping"<br />"Pie-Holing"<br /><br />Now that the Central Banks are making noises about food inflation, I expect the jawboning to commence any day now, that is why gold is selling off and GDX is once again getting gangtacked by the "Ratio Traders".Markhttps://www.blogger.com/profile/13068811838777958318noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-86232114068386437302012-08-14T22:00:09.657-07:002012-08-14T22:00:09.657-07:00Wouldn't short covering also move this market ...Wouldn't short covering also move this market higher. One would think that there would be numerous players on the short side after the move from the highs to this consolidation range. Stops would be set a bit above the breakout point on a technical standpoint and that might create the momentum needed to entice additional players should that line be breeched. In addition to the hedgies wanting to participate in the new trend higher additional players may jump on board depending on the reason for the move. QE in my humble opinion has been ongoing whether the media admits it or not. Because of this there is an underlying bid in the metals I believe. Just because they don't broadcast it doesn't mean that it is not happening.<br />richieboyhttps://www.blogger.com/profile/11209355809368422543noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-38315327949203280322012-08-14T21:48:08.064-07:002012-08-14T21:48:08.064-07:00Hi Dan, I read an interesting article on Kingworld...Hi Dan, I read an interesting article on Kingworld recently that said gold made it to $1000 pre 2008 before there was any QE programs at all. Very good point I thought!<br /><br />The media seems to have successfully conditioned the masses that without QE gold will go nowhere. They forget about ever increasing paper currency debt as a driver. <br /><br />What drove gold to $1000 pre 2008, nearly 2/3 of its gains to date? Would it apply now too?<br /><br />Can you perhaps comment on this?<br /><br />KenAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-89686752635298211962012-08-14T15:38:37.671-07:002012-08-14T15:38:37.671-07:00Dan,
Appreciate as ever the sober analysis. Rang...Dan, <br /><br />Appreciate as ever the sober analysis. Range trade has made passing the time profitable while keeping the overall long miner & metal positions intact. <br /><br />The ever narrowing range, however, is nerve-wracking. As much as I major Asian physical buying and resumption of the larger trend would mean a breakout up, the opposite would be less than fun. As well, I'd expect no less than an initial false breakout to the downside to knock out some stops / wipe some investors out, before moving upward. MDLGTOhttps://www.blogger.com/profile/15988611490410921827noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-14253324821273975402012-08-14T13:45:38.591-07:002012-08-14T13:45:38.591-07:00From a cycles stand point, gold's recovery fro...From a cycles stand point, gold's recovery from the lows was encouraging. Charts here:<br /><br />http://wp.me/p2CT0a-36Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-71138492916295066452012-08-14T12:11:57.832-07:002012-08-14T12:11:57.832-07:00RE Hedge funds: Thank you for the explanation.RE Hedge funds: Thank you for the explanation.Huberthttps://www.blogger.com/profile/05233332512788687701noreply@blogger.com