Goldtent TA Paradise

Trader Dan

1. neildavis2002 says:

   April 11, 2015 - 11:26 am at 11:26 am

   I apologize for my lack of fondness for Trader Dan, but if you read this post, especially the last few paragraphs, he is becoming increasingly bewitched by the central bankers’ funny money schemes. He is buying hook, line, and sinker into the “Fed exit strategy” propaganda. The “morbid outlook” that he disparages so much, is an outlook that many who frequent this site hold to. The difference is that we don’t perceive it as morbid, but realistic, and derived as a logical conclusion from sound economic principles. He never mentions even the possibility that the fed is acting irresponsibly. Does he not realize the unprecedented nature of the current monetary policy, and that of the past six years? He seems to think all will continue as is. To think otherwise is morbid, don’t you know? Chicken little. Gold worshipper. End-of-the-world apocalyptic mental case. Lift your spirits and rejoice in the omnipotence of the fed with Trader Dan. Your life will be much happier if you do, and people may start speaking to you at family gatherings again.

2. Fullgoldcrown says:

   April 11, 2015 - 8:43 pm at 8:43 pm

   Hi Neil

   I think you misunderstand Dan

   He does not endorse what the Fed is Doing

   On the contrary he doubts they know what they are doing and he resents their

   constant meddling with the currency and bond markets

   He believes strongly in Having PMs for insurance

   He just doesn’t think there are enough Gold Believers at this time to create a Bull Market

   He Believes Gold is an asset Class which fall in and out of favor like all asset classes

   Remember The Cry from King World and Zero Hedge and Lemet Café and and and…about QE Infinity ?

   WE were absolutely certain that the Fed could never ever stop QE or the world would explode

   Now The Gold Promoters are absolutely certain the Fed cannot ever raise interest rates .

   Dan says the fed funds rate says 100% chance if a rate hike this year .

   Dan is Not The enemy . He is a keen observer of the PM and other markets and is almost always on the right side of

   that trade…

   Cheers

   Fully

3. neildavis2002 says:

   April 12, 2015 - 12:26 am at 12:26 am

   Thanks Fully. I think gold is just another asset class. And right now it is the most undervalued asset class, along with gold mining equities, out there in my opinion. The HUI has declined 77% from its peak almost 4 years ago. In fact, the only other thing that isn’t overpriced right now is gold related assets, and maybe a few foreign stock markets and foreign currencies. Yet in spite of all this Dan can’t stop bashing all things gold.

   Is QE infinity really off the table now? I know the Fed has stopped doing QE right now, but they stopped after QEs 1 and 2 as well. Then they started doing QE again. Why the confidence that they won’t go back to QE again? Is the economy healthier now? The answer is obviously no, which is why everyone that used to be sure the Fed would hike in June, is now sure that they won’t hike in June. Now they’re going to hike around Christmas time?

   If you’re a value investor looking for a place to park your money for a few years, what should you be buying right now? Dan was pro gold at the peak, and now he’s anti-gold after a huge 4 year decline. As for me, I’d rather buy low and sell high.

4. Fullgoldcrown says:

   April 12, 2015 - 9:38 am at 9:38 am

   The Charts were Bullish in 2011…..then they went bearish and they still are

   Lower lows and lower highs

   Dan Just follows the Charts

   They wont pick THE bottom or THE Top but they do keep you out of trouble like riding a 77% loss

5. neildavis2002 says:

   April 12, 2015 - 10:18 am at 10:18 am

   I guess I should look at it from a daily/weekly trading perspective if I’m to understand where Dan is coming from. I’m looking at it from a long term perspective, which I think most “gold bugs” are. They are looking at the big picture, not the weekly fluctuations.

6. Fullgoldcrown says:

   April 12, 2015 - 9:09 pm at 9:09 pm

   Good Point Neil

   Dan always harps that we must Trade What is in front of us

   On the Charts