Trader Dan's Market Views

Market Insights and News

Thursday, May 19, 2011

Bonds rescued right on schedule once again (It's a miracle!)

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The Long Bond, after putting in a bearish engulfing pattern in Wednesday's session saw solid followthrough selling in the overnight sess...
4 comments:

4 Hour Gold Chart

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Not much going on today (Thursday). A slow day with nothing having changed for gold which remains in its recent range. Ditto for Silver...
Wednesday, May 18, 2011

Continuous Commodity Index back above its recently broken support level

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Some of the readers might recall seeing the chart of the CCI that I posted not long ago detailing my concerns as to whether a deflationary m...
2 comments:

4 Hour Gold Chart

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Gold continues its range trade and has now moved to the top of that range between $1500 and $1480 - $1470. A strong push past $1500 would be...

Must be a Slow Day at the FDA

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Apparently the Food and Drug Administration has nothing better to do with their time than hunt down those crafty food terrorists also known ...
14 comments:
Tuesday, May 17, 2011

XAU attempting to bottom

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The XAU and the HUI are both showing some good resilience at these levels. Three times over the last 4 trading sessions the XAU has bounced ...
8 comments:

Gold - 4 Hour chart update

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Gold is rangebound as is silver as it continues to attract buying on forays down towards $1480 and below. It has resistance at the top of it...
1 comment:

Silver - 4 hour chart

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Silver has bounced off of support down near $33 once again and is moving higher at this hour. Thus far it is reinforcing that level as good ...
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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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