Morning Outlook from the Trade Desk - 01/03/11

M

metalsmtl

New Member
Good morning. I'm new to the Silver Stackers forum. Happy to be here.

I sit at one of the largest PM trading desks in North America. I prefer not to disclose the company name since my objective here is not to sell/market on behalf of the company. My objective is to share my daily outlook. I have been trading metals for over 30 years and figured some fomrum users may be interested what an old trader like myself might have to say. My daily outlooks are generally consise. Here goes...

Last week, as I mused, was a week to be ignored because of year-end squaring and tax trading. This morning we got some good manufacturing data and a surge in the equity markets. May continue for a few days BUT still hold to my consensus that the first few months may be tough for the markets. Gold needs to clearly break and close above the $1,620 resistance level before I give it more upside. Went long last week and am now flat.

Volumes should accelerate as clients scramble to join the market.
 
Welcome!

Like CK said it is good to have someone of your experience here .

That way you can balance out all the people here that don't really have a background in PM's (like me) :P
 
Welcome, metalsmtl.

Since I assume you are quoting USD dollars, would you mind writing that in the post or always reminding readers that you are writing from the US. I.e. when you wrote "Gold needs to clearly break and close above the $1,620 resistance level" that is USD right? Our currently strong AUD dollar actually lets us buy it cheaper and we may not need to see it at $AUD 1620 for what you write to come true. Like right now gold is at $USD1605 and going up, whilst here in Australia we have $AUD1545.

I definitely would love to keep hearing your take on things.
 
hello metalsmtl, welcome

I look forward to reading your opinions. Do you use tea leaves or cat's guts to read the future? :P
 
Welcome aboard metalsmtl, great to have some more real world experience here on the board.

I'm sure the rest of the community will make you feel most welcome.
 
Also a huge welcome! Looking forward to hearing your thoughts and outlooks :)

If I may be so bold as to ask, do you focus on gold, or have you information/thoughts on silver as well?
 
Thanks for posting the info here & on at least 5 other forums.

SS RULES
Do you have a daily email to sub to?
 
With administrative benefit of being able to see registration email addresses, this isn't another script bot guys. Real deal.
 
heike1a2b3c said:
Welcome, metalsmtl.

Since I assume you are quoting USD dollars, would you mind writing that in the post or always reminding readers that you are writing from the US. I.e. when you wrote "Gold needs to clearly break and close above the $1,620 resistance level" that is USD right? Our currently strong AUD dollar actually lets us buy it cheaper and we may not need to see it at $AUD 1620 for what you write to come true. Like right now gold is at $USD1605 and going up, whilst here in Australia we have $AUD1545.

I definitely would love to keep hearing your take on things.
Click to expand...

Certainly, will do. Quotes will generally be in USD.
 
goldpelican said:
With administrative benefit of being able to see registration email addresses, this isn't another script bot guys. Real deal.
Click to expand...

I haven't got a problem with it being the real deal or not - just don't know how the guy can offer any extra insight that is not already available from the 1000's of other traders or market gurus out there using a crystal ball to see into the future of a rigged industry.

I prefer listening to the "man on the street", that is the members of this forum. I like the credentials they bring with their opinions.
 
mmm....shiney! said:
goldpelican said:
With administrative benefit of being able to see registration email addresses, this isn't another script bot guys. Real deal.
Click to expand...

I haven't got a problem with it being the real deal or not - just don't know how the guy can offer any extra insight that is not already available from the 1000's of other traders or market gurus out there using a crystal ball to see into the future of a rigged industry.

I prefer listening to the "man on the street", that is the members of this forum. I like the credentials they bring with their opinions.
Click to expand...
I have to say anyone with a foot in the door that wants to share a few opinions is more than welcome .. Opinions are like arseholes everyone has one why not have one with some creedence.
 
renovator said:
mmm....shiney! said:
goldpelican said:
With administrative benefit of being able to see registration email addresses, this isn't another script bot guys. Real deal.
Click to expand...

I haven't got a problem with it being the real deal or not - just don't know how the guy can offer any extra insight that is not already available from the 1000's of other traders or market gurus out there using a crystal ball to see into the future of a rigged industry.

I prefer listening to the "man on the street", that is the members of this forum. I like the credentials they bring with their opinions.
Click to expand...
I have to say anyone with a foot in the door that wants to share a few opinions is more than welcome .. Opinions are like arseholes everyone has one why not have one with some creedence.
Click to expand...

Because they generally have no more creedence than spinning a wheel.

We already have a foot in the door. We actually buy and sell with our own money, not get paid to advise others what to do with their money or buy and sell on behalf of a company. The reason why investment advisers are so popular, is because investors are either too lazy, not smart enough, or too stupid to do their own research and would rather put their faith in someone else to make decisions for them or give advice.

Horseracing is a classical example. There are heaps of bookmakers who run their own ratings service. They are either free, or you pay a subscription to get the information and then you get to punt, USING THE ADVICE GIVEN TO YOU BY A BOOKIE!!! The bookie is the punter's enemy, but,
because punters are either too lazy, not smart enough, or too stupid to do their own research and would rather put their faith in someone else to make decisions for them or give advice.
Click to expand...
these punters follow the advice of a bookie.

I could make a list of other advisers that generally screw up people's heads or waste rather than help:
1. parental advisers
2. sex advisers
3. educational advisers
4. political advisers

Haven't read anything earth shattering yet from this newest member/advisor/veteran trader, but I've read one or two other predictions from other so-called experts who no longer post and grace us with their almighty god-given presence (even though there were dozens of brown-nosing, fawning members of this forum going all gooey in the fork every time they posted an opinion) to know, if you are an advisor - you are a fortune teller.
 
mmm....shiney! said:
renovator said:
mmm....shiney! said:
I haven't got a problem with it being the real deal or not - just don't know how the guy can offer any extra insight that is not already available from the 1000's of other traders or market gurus out there using a crystal ball to see into the future of a rigged industry.

I prefer listening to the "man on the street", that is the members of this forum. I like the credentials they bring with their opinions.
Click to expand...
I have to say anyone with a foot in the door that wants to share a few opinions is more than welcome .. Opinions are like arseholes everyone has one why not have one with some creedence.
Click to expand...

Because they generally have no more creedence than spinning a wheel.

We already have a foot in the door. We actually buy and sell with our own money, not get paid to advise others what to do with their money or buy and sell on behalf of a company. The reason why investment advisers are so popular, is because investors are either too lazy, not smart enough, or too stupid to do their own research and would rather put their faith in someone else to make decisions for them or give advice.

Horseracing is a classical example. There are heaps of bookmakers who run their own ratings service. They are either free, or you pay a subscription to get the information and then you get to punt, USING THE ADVICE GIVEN TO YOU BY A BOOKIE!!! The bookie is the punter's enemy, but,
because punters are either too lazy, not smart enough, or too stupid to do their own research and would rather put their faith in someone else to make decisions for them or give advice.
Click to expand...
these punters follow the advice of a bookie.

I could make a list of other advisers that generally screw up people's heads or waste rather than help:
1. parental advisers
2. sex advisers
3. educational advisers
4. political advisers

Haven't read anything earth shattering yet from this newest member/advisor/veteran trader, but I've read one or two other predictions from other so-called experts who no longer post and grace us with their almighty god-given presence (even though there were dozens of brown-nosing, fawning members of this forum going all gooey in the fork every time they posted an opinion) to know, if you are an advisor - you are a fortune teller.
Click to expand...
Hahahaha i didnt say he was going to be right & to do as he says .Its good to get as many differing opinions as possible to make those decisions you speak of isnt it ?
 
boneyard said:
Thanks for posting the info here & on at least 5 other forums.

SS RULES
Do you have a daily email to sub to?
Click to expand...

Is the daily email a function of this forum or something independent?
 
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