tag:blogger.com,1999:blog-1708908742323002823.post4165596219855247655..comments2024-02-10T02:18:27.240-08:00Comments on Trader Dan's Market Views: Gold Holds Support; Constricts FurtherTrader Danhttp://www.blogger.com/profile/05484363461047659198noreply@blogger.comBlogger73125tag:blogger.com,1999:blog-1708908742323002823.post-18624085639151968602014-05-21T17:03:15.214-07:002014-05-21T17:03:15.214-07:00You mentioned friends who were making a killing an...You mentioned friends who were making a killing and I took it to mean that was where you were getting your advice. Did not mean to misrepresent your post. We probably just see the world a little differently. CheersAnonymoushttps://www.blogger.com/profile/01370226402752071107noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-51520610857777347832014-05-21T16:59:25.545-07:002014-05-21T16:59:25.545-07:00I have read so much useless crap from so called ex...I have read so much useless crap from so called experts that I'm not sure who should judge what is "good" to read. I figure since I am the consumer I will make up my own mind.<br /><br />Discernment: Discernment is the activity of determining the value and quality of a certain subject or event, particularly the activity of going past the mere perception of something and making detailed judgments about that thing. As a virtue, a discerning individual is considered to possess wisdom, and be of good judgement; especially so with regard to subject matter often overlooked by others.Anonymoushttps://www.blogger.com/profile/01370226402752071107noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-92218007135413913552014-05-21T15:28:07.097-07:002014-05-21T15:28:07.097-07:00Well said Angelo.Well said Angelo.Andyramahttps://www.blogger.com/profile/01546944838534963035noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-32870299401829537162014-05-21T15:17:10.728-07:002014-05-21T15:17:10.728-07:00A q and a in hell.
LOL.A q and a in hell.<br /><br /><br />LOL.Jasperhttps://www.blogger.com/profile/03831704112998990130noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-72939954929514175862014-05-21T14:12:53.749-07:002014-05-21T14:12:53.749-07:00i didn't say how much I made. Read carefully. ...i didn't say how much I made. Read carefully. You should care who writes what you read. This is the point I am making.Eph 6:7https://www.blogger.com/profile/12432153510281295793noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-48980744388574880862014-05-21T12:08:07.981-07:002014-05-21T12:08:07.981-07:00Eric you were the biggest Turd poster and fan unti...Eric you were the biggest Turd poster and fan until metals tanked! I would assume you don't have any money left after reading about all of your buys through out 2012-2013. It looks like Traitor Dan has picked up all of the bitter Turds!Anonymoushttps://www.blogger.com/profile/10958996943662415859noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-48608367507828027052014-05-21T11:59:02.960-07:002014-05-21T11:59:02.960-07:00World Gold Councils website says that the demand w...World Gold Councils website says that the demand was the same in Q1 2013 as Q1 2014. And gold had historic demand last year yet the metal dropped 28%. No rhyme or reason for anything these days.<br /><br />http://www.gold.org/supply-and-demand/gold-demand-trends Anonymoushttps://www.blogger.com/profile/10958996943662415859noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-36393819364925723582014-05-21T11:54:18.057-07:002014-05-21T11:54:18.057-07:00I could give a crap who writes anything I read. If...I could give a crap who writes anything I read. If there is value in it I keep reading. As I said you must have a good filter to discern value in any information. I read (some articles) on ZH and other alternative media because the corporate owned US media is a freaking joke. Much of the info found there is not available on the MSM as the attention span of the average American is limited to the next segment of American Idol or the time it takes to eat Denny's $5 breakfast.<br /><br />I don't find much value in some guy telling me how much he just made in RE or the SM. Those guys remind me of 2007.Anonymoushttps://www.blogger.com/profile/01370226402752071107noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-71237775607629129292014-05-21T10:21:09.373-07:002014-05-21T10:21:09.373-07:00Ding, Ding, Ding, Ding......
General Jim's TR...Ding, Ding, Ding, Ding......<br /><br />General Jim's TRX just printed the "blue light special" price of $1.98 today.<br /><br />Congratulations! <br /><br />One share of stock right now is now cheaper than a Denny's "Grand Slam" breakfast price from the year 2001, when gold bottomed.<br /><br />Last I checked, Grand Slam breakfast at Denny's is up over $5 now.<br /><br />TRX share price hasn't even remotely kept up with inflation.<br /><br />None whatsoever.<br /><br />LOL.....Markhttps://www.blogger.com/profile/13068811838777958318noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-15628933605564801452014-05-21T09:59:32.188-07:002014-05-21T09:59:32.188-07:00for instance I don't go to the alternative sou...for instance I don't go to the alternative sources to explain how gold is performing. I read trader dans blog because it makes the most sense.Eph 6:7https://www.blogger.com/profile/12432153510281295793noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-16821761290321793692014-05-21T09:57:01.441-07:002014-05-21T09:57:01.441-07:00I go to the sources that best explain how the mar...I go to the sources that best explain how the markets are performing. I have friends who are making a killing in equites and real estate. Anyone listening to the alternative media has had their balance sheets serioisly impacted. when the next downturn comes people reading Zero Hedge will not have enough meat on their balance sheet to weather the storm.<br /><br />I am giving a good piece of advice. so before someone gets his panties in a twist understand who's writing that trusted article. Come on, you people are smart you can figure it out.Eph 6:7https://www.blogger.com/profile/12432153510281295793noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-73530603196840334302014-05-21T08:32:01.236-07:002014-05-21T08:32:01.236-07:00hahahaha Zhang Lan; swbhahahaha Zhang Lan; swbAnonymoushttps://www.blogger.com/profile/15820220635483947518noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-59060337359111034822014-05-21T08:12:06.094-07:002014-05-21T08:12:06.094-07:00Are you seriously suggesting that CNBS is not bias...Are you seriously suggesting that CNBS is not biased?? The mainstream media is full of normalcy bias. Just as it was when the genius Ben spewed this gem on March 28, 2007: <br /><br />"At this juncture, however, the impact on the broader economy and financial markets of the problems in the subprime market seems likely to be contained. In particular, mortgages to prime borrowers and fixed-rate mortgages to all classes of borrowers continue to perform well, with low rates of delinquency."<br /><br />Or this remarkable prognostication from May 2007:<br /><br />"All that said, given the fundamental factors in place that should support the demand for housing, we believe the effect of the troubles in the subprime sector on the broader housing market will likely be limited, and we do not expect significant spillovers from the subprime market to the rest of the economy or to the financial system. The vast majority of mortgages, including even subprime mortgages, continue to perform well. Past gains in house prices have left most homeowners with significant amounts of home equity, and growth in jobs and incomes should help keep the financial obligations of most households manageable."<br /><br />You need to have a good bullshit meter when you read ANYTHING on the internet. Do you really think "how the markets are performing" is in any way rooted in a real, sustainable economic recovery??? Does the way these rational equity markets interpret anything really give you a realistic view of the future? Where do you get your "unbiased" economic news from?<br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br />Anonymoushttps://www.blogger.com/profile/01370226402752071107noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-16731661555560423002014-05-21T08:06:49.053-07:002014-05-21T08:06:49.053-07:00I think there's some irony sometimes that is m...I think there's some irony sometimes that is missed. It's true that China has never officially abandoned communism, yet they are arguably more (at least crony) capitalist than we are. <br />RE Vietnam, I wouldn't be quick to dismiss something just because it comes from Fulan Gong. There has been a territorial breach, troop movements, and a lot of deaths and destroyed property. <br />China does have a housing bubble, and they seem disinclined to deal with it, and someone typed a BC instead of AD. I think China has a superior social and political environment in the ways that matter to foreign capital. <br />In other words, I think you are nit-picking. But to each his own. I like ZH in part because it's one of the few places where you see bright people speaking their minds uncensored (the readers). <br />Both the readers and writers are irreverent towards everything farcical. I like that. To each their own; thanks and kudos for the reply. Anonymoushttps://www.blogger.com/profile/10755930368409634558noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-86134414894109157652014-05-21T08:04:49.905-07:002014-05-21T08:04:49.905-07:00I remember around that time he was getting CIGA...I remember around that time he was getting CIGA's to email gold mining companies to protest the shorting of their shares and that they had no balls cause they were not doing anything about the manipulative short selling when clearly they were falling out of favor due to rising costs and mismanagement. <br /><br />How is that for egomaniac trying to irrationally dictate the market, lol.The Prophet Elijahhttps://www.blogger.com/profile/04786387211895954719noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-89990631584599720682014-05-21T07:33:58.211-07:002014-05-21T07:33:58.211-07:00Check out IVN.TO. There will be plenty more Ivanho...Check out IVN.TO. There will be plenty more Ivanhoe Mines coming up the longer gold stays down here. They just announced a highly dilutive stock offering and resumed trading down another 16%. IVN.TO looking like what will be coming down the pike for many other miners.<br /><br />If these companies are effectively shut out of the debt markets (the domestic oil plays have no problem tapping debt markets) then stock offerings are the only recourse.<br /><br />On a side note, with respect to whom an investor chooses to get his news from - Look at the markets and how they are behaving, then read the news from sites like ZeroHedge, etc (I use ZH as an example). If you cannot reconcile the differences, then that source is probably not the best place to spend one's time reading. For example, A piece of economic data comes out and the equity markets interpret is as very bullish, I will get 8-10 tweets from ZH telling me how terrible the data is. They will publish a couple articles pointing out the bad stuff. <br /><br />Yeah, their geopolitical stuff may offer promise, but their analysis on the markets is extremely biased - to the point of actually wondering who is writing this stuff. I wonder if it can be traced back to government servers.<br /><br />Just make me wonder about them. Can you actually trust a source that goes by the name of Tyler Durdin? who refuses to tell us who he is?<br /><br />many times we don't take advice from our relatives, but we will heed the stuff from a person we do not even know.<br /><br />Come on people....Eph 6:7https://www.blogger.com/profile/12432153510281295793noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-27335961351377235682014-05-21T06:49:09.960-07:002014-05-21T06:49:09.960-07:00Jim is in the business of saying what you want to ...Jim is in the business of saying what you want to hear. thus guy was railing against egomaniac shortsellers that will out their mother in a microwave for money in 2011. I think of jim as the captain schettino or the ayatollah khomeini of the gold market. Do as he does not as he says.Jasperhttps://www.blogger.com/profile/03831704112998990130noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-32768452488493988852014-05-21T06:28:17.265-07:002014-05-21T06:28:17.265-07:00Looks like another day where gold and gold stocks ...Looks like another day where gold and gold stocks have a "terrifying collapse" and the U.S. Dollar surges again, along with both stocks and bonds.<br /><br />"But Jim, you promised!!!"<br /><br />"At the last Q & A meeting!!!"Markhttps://www.blogger.com/profile/13068811838777958318noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-15531310513058612282014-05-21T06:00:29.391-07:002014-05-21T06:00:29.391-07:00Lets get some humor to start the day. From a buyer...Lets get some humor to start the day. From a buyer of the US long bond. " I dont want any yield at all".arniehttps://www.blogger.com/profile/17597016551120682781noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-6566081901215580652014-05-20T23:15:50.718-07:002014-05-20T23:15:50.718-07:00Perhaps they aren't liquidating a holding but ...Perhaps they aren't liquidating a holding but are just selling short and hoping their all in trade will get the ball rolling? <br /><br />Here's another idea for the site: A list of positions in easily traded instruments for investment hacks like me:<br />If traders think the Yen will appreciate in the next year, they are likely to buy ____. If they think it will depreciate _____.<br />If traders..... dollar, gold, silver, euro, posxy (couldn't resist), volatility etc. I can't pick a stock, but I'm often on target with macro events, I just have no idea how to trade in them. Because I'm a hack RE investing (and too busy to learn), I would find such a resource invaluable. Perhaps someone has already done this somewhere.<br />Thanks again, Dan<br />Anonymoushttps://www.blogger.com/profile/10755930368409634558noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-61879264973540760842014-05-20T23:15:29.696-07:002014-05-20T23:15:29.696-07:00Let's wind it down.
I'm not mocking you ...Let's wind it down.<br /> <br />I'm not mocking you or your trader community, I came to this site because the stench of mockery coming from this blog (comments) was fouling another sight I frequent, someone was posting remarks from here, over there....There are a lot of good people in the honest money camp, to have their losses gloated over by anyone is in bad taste.<br /> <br />The gold market, the silver market, interest rates, the CPI, etc are all rigged, that you cannot fully disclose this or recognize it does not hide the fact. All this will come out in the wash soon enough, I'm not worried about it. If you work within the beast (we all do to a certain extent) that's fine, but to me you don't simply work within the beast, you justify the beasts actions. You make money trading, that is all and well, kudos to you for it, but the systemic weakness that is creeping in, the corruption, the front running, the hyper leverage, will come back and bite very hard into the stability you now seem to enjoy. As volatility increases, human traders will serve no purpose in the not too distant future. Volumes are down, why is that? Is the average investor basically saying, "Screw this, I'm out"? Why are they leaving, are they tired of being fleeced by wild volatility? <br /> <br />You seem to show compassion for the losses of those few who have been compelled by the 'con-men in the perma-gold' community, but what about the vastly larger number of investors that have been destroyed by rigged LIBOR, or MF Global using customer accounts (how many farmers went out of business?), or mortgage fraud. In light of these, and numerous other frauds your over the top concern for the fleeced metals investor crowd seems a little exaggerated. <br /> <br />I agree that luck is not the main component in any success, or as they say you make your luck, but I sincerely mean it, with the way markets are going you WILL need luck in the future, that's exactly why humans will be useless in the field in the next 10-20 years. Don't believe it? That's just your bias showing, as you like to say. We all have bias, so I really get a kick out of that when you say it.<br /> <br />I'm as angry as the next guy, no more and no less, I'm a hard nosed realist just as you claim to be, I grew up poor and made myself from nothing, and I know bull$h!t when I see it, and to have intelligent people pretend that manipulation is not occurring where and when it is I just can't help but throw them some elbows. You're a hard nosed trader I get that, but don't lie to yourself and pretend things are ok, they are not, we are at an extreme of corruption. <br /> <br />See your own anger, I read some replies of your before I ever posted, your snarky, rude and condescending words are dished out like a master chef, you are very good at it, just today you suggested someone was dropped as a baby and you questioned my sanity, all well and good, but don't claim freedom from anger, you have your fair share Trader Dan.<br /> <br />CheersAngelohttps://www.blogger.com/profile/07067735191127041901noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-15462501129472292192014-05-20T23:02:29.341-07:002014-05-20T23:02:29.341-07:00What is great when there is nothing to trade becau...What is great when there is nothing to trade because PMs are in a range on all possible time units :) is that as we get terribly bored, we find renewed inspiration to post on this blog in the meantime.<br /><br />I think Dan is getting a bit upset by repeating the same things over 3 years : that's the problem of modern blogs : nothing remains "news" more than a few days, while on the other hand, the blog's popularity brings new readers who have no idea about what has already been discussed even a month ago, and can't be bothered reading the thousands of posts necessary to find the vital information.<br />If you had time, I'd suggest once again a blog organization such as the one we can find on wordpress, with a toolbar on top page covering once and for all the most important topics such as your point of view about manipulation, why you own physical gold, etc...<br />It would take some time for starters, but imagine how much time (and nerves) you would save on the long run by not having to answer again and again to the same questions :)<br />Have a nice day all,Anonymoushttps://www.blogger.com/profile/00335835171576180359noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-30530934783002694902014-05-20T22:51:42.719-07:002014-05-20T22:51:42.719-07:00This comment has been removed by the author.Anonymoushttps://www.blogger.com/profile/10755930368409634558noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-29725073954201130502014-05-20T22:32:31.499-07:002014-05-20T22:32:31.499-07:00Angelo;
Adios... you will not be missed. it is pe...Angelo;<br /><br />Adios... you will not be missed. it is people like you that tempt me at times to go to a feepaid site but having you leave is one more reason for me NOT to do that. I actually enjoy reading most of the posters here. What I cannot stomach is those who mock traders and those of us here who do our best to read the markets and profit. When you accuse us of having a corrupt moral system, you immediately lose any credibility and forfeit any inclination that I might otherwise have to actually read what you have to say. All this because I happen to deny that gold is manipulated all the time and will not change my core convictions and agree with you; therefore, in your mind, I am just a corrupt trader because I take the markets as I find them and not as I want them to be. <br /><br /> the world is full of angry people like you Angelo... we do not need your kind here. and by the way, "luck" has nothing to do with success. hard work, dedication, long hours and constant learning do. And yes, in my line of "corrupt work" I and many of the other fine people and traders here, will definitely need to stay sharp, nimble, flexible and above all, objective, something that you would do well to try to grasp at some point in your investing life. <br /><br />Again, adios, Trader Danhttps://www.blogger.com/profile/05484363461047659198noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-24160467105204936202014-05-20T22:24:57.441-07:002014-05-20T22:24:57.441-07:00I read ZH more for geopolitical information than i...I read ZH more for geopolitical information than investing information (I'm one of those sad sacks more or less invested in metal, but I'm making good money buying and selling it). But this is the first time I've seen someone question the veracity of their reporting, or that of their contributors. Perhaps you meant that the analysis of the news reported there is infantile. <br />In either case, aside from the now (again) dead horse of meta prices/manipulation, can you give me some examples of factual innaccuracy or analytical insanity? <br />(I don't read a lot of their company-specific articles, memes they milk would be better examples)<br />Thank youAnonymoushttps://www.blogger.com/profile/10755930368409634558noreply@blogger.com