tag:blogger.com,1999:blog-1708908742323002823.post8286448518518409435..comments2024-02-10T02:18:27.240-08:00Comments on Trader Dan's Market Views: Gold under pressure from SPR release and abysmal Jobless claims numberTrader Danhttp://www.blogger.com/profile/05484363461047659198noreply@blogger.comBlogger13125tag:blogger.com,1999:blog-1708908742323002823.post-56711084113857011922011-06-24T04:26:29.462-07:002011-06-24T04:26:29.462-07:00Nothing can stop this oncoming tsunamiNothing can stop this oncoming tsunamiBlackSwanhttps://www.blogger.com/profile/13455769442239745638noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-11071341434665099322011-06-24T04:22:51.640-07:002011-06-24T04:22:51.640-07:00"down the toilet faster than an unwanted baby..."down the toilet faster than an unwanted baby alligator"<br /><br />classic Norcini. Keep 'em comin Dan!BlackSwanhttps://www.blogger.com/profile/13455769442239745638noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-66263754880610021542011-06-24T01:22:19.406-07:002011-06-24T01:22:19.406-07:00Hi Dan,
I don't know if you'll have time ...Hi Dan,<br /><br />I don't know if you'll have time to answer this comment, but my thoughts anyway :<br /><br />1) for gold, it's been a long while we haven't had a real deep correction. It seems due to happen, as many longs are now weak hands who could be easily scared out of the market if their losses grow, which will fuel the market down further.<br /><br />2) for silver, you say that "they" don't want a deflationary mindset, but JPM is stuck with an impressive pile of shorts. Meanwhile, time is running up, as the COMEX stocks are dwindling. They have little time left to strike. And they will probably try to. When? Summer is the best time because of seasonality. Silver market is narrow. And end of QE2 announcement the ideal timing, as silver price feeds on fears of inflation.<br /><br />So, I'm afraid we may have a bad july month for commodities. <br />I'm afraid they'll end for just a while with their QE, time for silver to go even lower, time for JPM to get out of the mess.<br />They'll take gold and the markets with it.<br />Just for a few weeks, before they start QE again.<br />But enough time to create a big drop in coomodities.<br />Thanks for your regular analysis on these markets :)Henrihttps://www.blogger.com/profile/05972520061783495875noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-64269323708074726142011-06-23T23:05:16.592-07:002011-06-23T23:05:16.592-07:00The U.S. Monetary System and Descent into Fascism ...The U.S. Monetary System and Descent into Fascism - An Interview with Dr. Edwin Vieira <br /><br />This is a very important article to read and discuss! It is long but worth the time to read it.<br /><br />http://news.goldseek.com/GoldSeek/1308856035.phpsilverwoodhttps://www.blogger.com/profile/06356548144251479901noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-79888408737804753122011-06-23T19:40:55.812-07:002011-06-23T19:40:55.812-07:00in an ironic twist of fate, isn't obama's ...in an ironic twist of fate, isn't obama's incompetence 'good' for gold? in other words, if a fiscally responsible president were elected in '12, wouldn't the POG fall, and quite a bit? <br /><br />i want to see AU 5K like the rest of us, so watching the slow train wreck does make the days interesting...au traderhttps://www.blogger.com/profile/16960725741030503072noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-49583438368777404562011-06-23T18:01:29.302-07:002011-06-23T18:01:29.302-07:00Terrific update Dan.Terrific update Dan.Devisehttps://www.blogger.com/profile/09339511591446972857noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-67509585075354643532011-06-23T16:21:17.962-07:002011-06-23T16:21:17.962-07:00Precisely Mr. Robert, precisely !!Precisely Mr. Robert, precisely !!ben.roberts13https://www.blogger.com/profile/09972312664266354954noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-13490316846889573792011-06-23T15:25:46.949-07:002011-06-23T15:25:46.949-07:00Check out Mike Krieger's latest, "Widespr...Check out Mike Krieger's latest, "Widespread Panic" on ZH. He nails it:<br /><br />http://www.zerohedge.com/article/mike-krieger-widespread-panicJPhttps://www.blogger.com/profile/09751978339290618888noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-48208120654603841292011-06-23T13:06:53.623-07:002011-06-23T13:06:53.623-07:00i can thank komrade Obama for making physical silv...i can thank komrade Obama for making physical silver cheaper for me to buy more of with his toilet paper currency, thanks again Komrade.gjervishttps://www.blogger.com/profile/06649065988162488158noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-22241999141396555872011-06-23T11:19:17.505-07:002011-06-23T11:19:17.505-07:00Sorry Dan I have to disagree, it's only a day ...Sorry Dan I have to disagree, it's only a day and half of oil! <br />ThanksSteinshttps://www.blogger.com/profile/00942479731737741804noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-26287539996544794092011-06-23T10:59:45.941-07:002011-06-23T10:59:45.941-07:00Wow - beyond top shelf stuff, thanks Dan!Wow - beyond top shelf stuff, thanks Dan!Teslahttps://www.blogger.com/profile/09826762915030753895noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-89670538303709912782011-06-23T10:26:40.214-07:002011-06-23T10:26:40.214-07:00As Howard Green on Canada's BNN suggested this...As Howard Green on Canada's BNN suggested this morning: ... Is the SPR release of 30 million barrels a form of QE3?I Wazerehttps://www.blogger.com/profile/06143514938214859501noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-44502993778296515702011-06-23T10:04:52.633-07:002011-06-23T10:04:52.633-07:00Dan,
totally agree -here is a comment from Dave in...Dan,<br />totally agree -here is a comment from Dave in Denver along the same line<br /><br />By now everyone knows that Obama is going to release 30 million barrels of oil from the Strategic Petroleum Reserve over the next 30 days in order to help alleviate the shortages caused by the Libya situation. But, as a good friend pointed out to me today, why did Obama wait until the price of oil had already fallen 22% from its recent high around $115 per barrel? How can there be a "shortage" if the price has already dropped like that without the SPR supply? It tells me that the Government wants commodities prices even lower in order to promote the appearance of no price inflation for the purpose of justifying the next round money printing.Roberthttps://www.blogger.com/profile/00312302955234587786noreply@blogger.com