Trader Dan's Market Views

Market Insights and News

Thursday, May 12, 2011

Long Bond Flops on Poor Auction results

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Reports are that the $16 billion, 30 year bond auction, generated poor demand. That should not come as much of a surprise after the big rall...
7 comments:
Wednesday, May 11, 2011

China still struggling against inflation

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Look for continued buying in the gold market coming out of China as that nation contends with serious inflation problems. Their version of t...
4 comments:

XAU needs to find support very soon

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The large cap mining stocks continue to get obliterated as evidenced by the XAU which is now perched precariously above a critical support l...
2 comments:

Gold - 4 Hour chart update

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Gold made it back above the 50% Fibonacci retracement level of its most recent decline from its record price but was unable to maintain its ...
7 comments:

Silver - 4 hour chart

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Risk-off trades have returned with a vengeance today. I believe a fair amount of the selling is tied to hedge fund panic type selling relate...
16 comments:
Tuesday, May 10, 2011

Silver shedding open interest

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Based on the reported open interest and volume numbers by the exchange, silver's rally yesterday was sparked by fresh shorts who sold th...
13 comments:

Gold - 4 Hour chart update

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Gold has retraced exactly 50% or half of its losses from the recent all time high to last week's low just above $1460 and is now encount...
Monday, May 9, 2011

Gold - 4 Hour chart update

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The spike off of the region near $1460 and subsequent move strongly back above $1500 is indicative that a bottom has been found in the marke...
9 comments:
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About Me

Trader Dan
Dan Norcini is a professional off-the-floor commodities trader bringing more than 20 years experience in the markets to provide a trader’s insight and commentary on the day’s price action. His editorial contributions and supporting technical analysis charts cover a broad range of tradable entities including the precious metals and foreign exchange markets as well as the broader commodity world. He is a frequent contributor to both Reuters and Dow Jones as a market analyst for the livestock sector and can be on occasion be found as a source in the Wall Street Journal’s commodities section as well as CBS Marketwatch where his views on the gold market can often be found. He is also an avid beekeeper.
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