Trader Dan

Trader Dan Articles

It wasn’t much, a bit less than 4 tons to be exact, but today marked the first day in nearly a month that GLD reported a drawdown in gold holdings. The last such occurrence was all the way back on April 25. Considering the amount of gold...
A friend sent me some comments from Chris Powell over at GATA (headquarters for the gold manipulation crowd) writing about the possibility of a change in the thinking of the Central Banks in regards to the gold price.
Gold is showing some very good strength at this time, as the weaker dollar, combined with negative interest rates, and in some instances, NEGATIVE REAL RATES, has made the opportunity cost in holding the metal practically non-existent....
There was little change in this week’s Commitments of Traders report when it came to the positioning of traders within the gold futures market.
Notice on the very short-term chart (basis 2 hours), gold has been in a steady decline since the middle of last month with rallies attracting selling at the key resistance levels noted on the chart. Price is currently holding below $1212...
Honestly, more and more that seems to be the best phrase to describe when waiting for these FOMC statements to be revealed. If we are not seeing a case of deliberate attempts to break the back of their own currencies among these Central...
To sum up my view of this week’s COT report in one word…. WORRISOME. I use that word because of what we saw happen to the safe haven trades today on account of that monster rally in the US equity markets. Gold was under pressure for the...
The continued build in the number of reported gold holdings in the large gold ETF (GLD) is nothing short of phenomenal. This week alone, another 22 tons of gold have been added to the ETF bringing the total in storage to 788.6 tons.
I can think of no better word except, “astounding”, when considering what is taking place with the giant gold ETF, GLD and its reported holdings increases. This afternoon’s reported gold holdings showed an increase of exactly 19.33 tons to...
This looks to me more like an overreaction to the down side in gold based off a sort of mini-panic out of the safe haven trades. From a fundamental standpoint, nothing has changed in regards to the concerns about negative interest rates...

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Gold's special properties mean that it has a greater variety of uses than almost any metal.