Danny Furman's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.com/user/384839/comments http://seekingalpha.com/article/1094621/comments?source=feed#comment-13313031 13313031 I was going to commend you on the 31.65 max retracement call in the comments below your last article, but you beat me to the punch with this article.

Frankly I've been a bit surprised silver has not been more volatile recently. The $8 range over 15 months defies the high beta mantra and coincides with your "not a risk asset" argument. Gold has been more predictable for me since peaking in August 2011. After falling below $1800 shortly after that level has been unattainable despite repeated analyst calls for imminent rallies and unwavering positive sentiment. It seems sentiment today is more positive on silver than gold.

Seemingly, as you've said time and time again, supposed correlations should be ignored and even gold and silver should be looked at as entirely different markets.

From my perspective there are too many prospective silver buyers in the $25-27 range for that level to act as a bottom. Therefore $28 (which we'll see next week) or $22 are the levels I'll be watching closely for a turn.

If, however, the US debt ceiling is held beyond 2 months from now and austerity becomes the way of the good ol' USA, sub $20 silver is almost assured as the country dashes for cash.

My condolences to you and your family, I'm sure your wife's spirit will live on in fond memory.

All the best]]> Fri, 04 Jan 2013 14:21:16 -0500 I was going to commend you on the 31.65 max retracement call in the comments below your last article, but you beat me to the punch with this article.

Frankly I've been a bit surprised silver has not been more volatile recently. The $8 range over 15 months defies the high beta mantra and coincides with your "not a risk asset" argument. Gold has been more predictable for me since peaking in August 2011. After falling below $1800 shortly after that level has been unattainable despite repeated analyst calls for imminent rallies and unwavering positive sentiment. It seems sentiment today is more positive on silver than gold.

Seemingly, as you've said time and time again, supposed correlations should be ignored and even gold and silver should be looked at as entirely different markets.

From my perspective there are too many prospective silver buyers in the $25-27 range for that level to act as a bottom. Therefore $28 (which we'll see next week) or $22 are the levels I'll be watching closely for a turn.

If, however, the US debt ceiling is held beyond 2 months from now and austerity becomes the way of the good ol' USA, sub $20 silver is almost assured as the country dashes for cash.

My condolences to you and your family, I'm sure your wife's spirit will live on in fond memory.

All the best]]> http://seekingalpha.com/currents/post/737981?source=feed#comment-13062641 13062641 Fri, 28 Dec 2012 11:17:40 -0500 http://seekingalpha.com/article/1084421/comments?source=feed#comment-13057871 13057871 Fri, 28 Dec 2012 09:23:25 -0500 http://seekingalpha.com/article/1084421/comments?source=feed#comment-13051201 13051201
250,000,000,000 people on the verge of liquidating their assets is a market moving event. Why would the market give panic sellers a good price? PMs aren't the only assets about to get a whole lot cheaper.]]> Fri, 28 Dec 2012 02:49:38 -0500
250,000,000,000 people on the verge of liquidating their assets is a market moving event. Why would the market give panic sellers a good price? PMs aren't the only assets about to get a whole lot cheaper.]]> http://seekingalpha.com/article/1084421/comments?source=feed#comment-13036771 13036771 The $50 American Eagle you refer to is worth $50 in exchange or $1700 for sale, meaning the gold is not what makes it money. With regards to customs and other points you're right about the powers that be. I just think it's important for investors to heavily consider their entry points into markets and realize that future inevitabilities are not always quite imminent. I'm no bond bull by the way, I think the days of the free lunch are ending.]]> Thu, 27 Dec 2012 15:02:37 -0500 The $50 American Eagle you refer to is worth $50 in exchange or $1700 for sale, meaning the gold is not what makes it money. With regards to customs and other points you're right about the powers that be. I just think it's important for investors to heavily consider their entry points into markets and realize that future inevitabilities are not always quite imminent. I'm no bond bull by the way, I think the days of the free lunch are ending.]]> http://seekingalpha.com/article/1084421/comments?source=feed#comment-13035901 13035901 Thu, 27 Dec 2012 14:36:26 -0500 http://seekingalpha.com/article/1084421/comments?source=feed#comment-13035581 13035581 Thu, 27 Dec 2012 14:27:17 -0500 http://seekingalpha.com/article/1084421/comments?source=feed#comment-13035151 13035151
I did cover one of my two mining shorts last week.

All the best ]]> Thu, 27 Dec 2012 14:16:13 -0500
I did cover one of my two mining shorts last week.

All the best ]]> http://seekingalpha.com/article/1084421/comments?source=feed#comment-13034541 13034541 Thu, 27 Dec 2012 14:04:53 -0500 http://seekingalpha.com/article/1078781/comments?source=feed#comment-13025711 13025711
Nobody has been shaken out of silver besides very low conviction buyers of the $40+ breakout 18+ months ago. My deduction is that low 20s or lower is a must before we make new highs.

For the manipulation crowd: JPM needs sellers to cover their shorts and you'll be selling at $16 rather than $30. I think we go to $14 if it's an abrupt bottom, but with a little taste of austerity in the good ol USA to reinflate confidence in uncle Buck sub $25 silver could last a while (even years).


Thanks as always Avi, you're one of the few traders who provides accurate EW analysis and have helped me improve my market reading ability.]]> Thu, 27 Dec 2012 10:32:00 -0500
Nobody has been shaken out of silver besides very low conviction buyers of the $40+ breakout 18+ months ago. My deduction is that low 20s or lower is a must before we make new highs.

For the manipulation crowd: JPM needs sellers to cover their shorts and you'll be selling at $16 rather than $30. I think we go to $14 if it's an abrupt bottom, but with a little taste of austerity in the good ol USA to reinflate confidence in uncle Buck sub $25 silver could last a while (even years).


Thanks as always Avi, you're one of the few traders who provides accurate EW analysis and have helped me improve my market reading ability.]]> http://seekingalpha.com/article/1068761/comments?source=feed#comment-13015361 13015361
Sentiment is reflected in price and can be studied via charts. As far as I'm concerned, the best market analysis is shared here: http://bit.ly/VqEWTo

Inflationary monetary policy under extremely deflationary fiscal/macro circumstances may result in inflation or deflation, depending on an endless number of factors. Those factors collectively determine sentiment.]]> Thu, 27 Dec 2012 00:55:21 -0500
Sentiment is reflected in price and can be studied via charts. As far as I'm concerned, the best market analysis is shared here: http://bit.ly/VqEWTo

Inflationary monetary policy under extremely deflationary fiscal/macro circumstances may result in inflation or deflation, depending on an endless number of factors. Those factors collectively determine sentiment.]]> http://seekingalpha.com/article/1068761/comments?source=feed#comment-13004531 13004531
Gold and silver trade in markets which incur price fluctuations. There are times to buy and times to sell.]]> Wed, 26 Dec 2012 16:20:39 -0500
Gold and silver trade in markets which incur price fluctuations. There are times to buy and times to sell.]]> http://seekingalpha.com/article/1068761/comments?source=feed#comment-13000791 13000791 Wed, 26 Dec 2012 14:36:50 -0500 http://seekingalpha.com/article/1080891/comments?source=feed#comment-12970191 12970191 Tue, 25 Dec 2012 12:27:54 -0500 http://seekingalpha.com/article/1072111/comments?source=feed#comment-12895051 12895051
Rigging is rigging and, as Doug states in the article, the markets in which we invest are MADE. The real question is: Will the DJIA and the price of an ounce of gold meet at $1,000, $5,000 or $50,000?

Excellent article and interesting commentary, thanks Doug and NLO.

Happy Holidays all!]]> Sat, 22 Dec 2012 12:06:56 -0500
Rigging is rigging and, as Doug states in the article, the markets in which we invest are MADE. The real question is: Will the DJIA and the price of an ounce of gold meet at $1,000, $5,000 or $50,000?

Excellent article and interesting commentary, thanks Doug and NLO.

Happy Holidays all!]]> http://seekingalpha.com/article/1068761/comments?source=feed#comment-12886571 12886571
I also agree with most of Jin's statement, except that only those who get it "exactly right" fare well.

I have never seen the word "stacker" used to the extent it has been in these comments (Indian casinos, tapout hats, Oakley shades and goatees come to mind).

Ultimately PM investors need to stay balanced, which among other things means always having cash available.]]> Sat, 22 Dec 2012 00:00:57 -0500
I also agree with most of Jin's statement, except that only those who get it "exactly right" fare well.

I have never seen the word "stacker" used to the extent it has been in these comments (Indian casinos, tapout hats, Oakley shades and goatees come to mind).

Ultimately PM investors need to stay balanced, which among other things means always having cash available.]]> http://seekingalpha.com/article/1068761/comments?source=feed#comment-12886281 12886281 Fri, 21 Dec 2012 23:42:08 -0500 http://seekingalpha.com/article/1068761/comments?source=feed#comment-12885941 12885941
Happy Holidays]]> Fri, 21 Dec 2012 23:16:37 -0500
Happy Holidays]]> http://seekingalpha.com/article/1068761/comments?source=feed#comment-12780351 12780351 Wed, 19 Dec 2012 13:00:50 -0500 http://seekingalpha.com/article/1068761/comments?source=feed#comment-12778021 12778021 Wed, 19 Dec 2012 12:20:18 -0500 http://seekingalpha.com/article/1068761/comments?source=feed#comment-12770261 12770261
Robin, silver got manic in April and gold in August of 2011.]]> Wed, 19 Dec 2012 09:39:01 -0500
Robin, silver got manic in April and gold in August of 2011.]]> http://seekingalpha.com/article/1068761/comments?source=feed#comment-12770031 12770031 Wed, 19 Dec 2012 09:34:08 -0500 http://seekingalpha.com/article/1068761/comments?source=feed#comment-12769911 12769911 Wed, 19 Dec 2012 09:30:00 -0500 http://seekingalpha.com/article/1071311/comments?source=feed#comment-12769331 12769331 Wed, 19 Dec 2012 09:22:13 -0500 http://seekingalpha.com/article/1071311/comments?source=feed#comment-12769101 12769101 Wed, 19 Dec 2012 09:19:07 -0500 http://seekingalpha.com/article/1068761/comments?source=feed#comment-12732451 12732451 Tue, 18 Dec 2012 12:08:16 -0500 http://seekingalpha.com/article/1068761/comments?source=feed#comment-12731301 12731301 Tue, 18 Dec 2012 11:43:45 -0500 http://seekingalpha.com/article/1068761/comments?source=feed#comment-12730411 12730411 Tue, 18 Dec 2012 11:25:19 -0500 http://seekingalpha.com/article/1068761/comments?source=feed#comment-12716081 12716081 Tue, 18 Dec 2012 01:31:28 -0500 http://seekingalpha.com/article/1068761/comments?source=feed#comment-12715991 12715991 Tue, 18 Dec 2012 01:22:31 -0500