Trader Dan's Market Views

Market Insights and News

Wednesday, October 26, 2011

Nice move by Barrick

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The financial press is announcing that Barrick Gold raised its quarterly dividend today by 25% to $0.15/share. Every time a miner does som...
5 comments:

Gold hits resistance at $1720; holding gains

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Gold has run exactly to the projected resistance level on the charts, backed off a bit, and then encountered additional buying which is keep...
3 comments:

Euro Gold chart

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Once again gold is getting a very firm bid even as weakness appears in the broader US equity markets. News out of Europe continues to leave ...
Tuesday, October 25, 2011

HUI attempting to make up lost ground against the S&P 500

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If one goes back to the beginning of July of this year, you can see that for the next two months, the mining shares were outperforming the b...
3 comments:

Gold Breaks out

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Gold bulls finally managed to beat back the line of defense erected by the perma shorts at the Comex in today's session as safe haven bu...
1 comment:

Silver and Copper are parting ways today

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Both of these metals have been moving in lockstep recently as risk trades were either jammed on or taken off. Silver has been trading like a...

Is Gold resuming its Safe Haven Status?

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In a departure from recent price action in which it has been acting more like a "risk" asset rather than a safe haven asset, gold ...
1 comment:
Monday, October 24, 2011

Let's Play "Guess a Chart"

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Take a look at the following TWO charts and see if you can notice how similar the two of them are. You can tell that both charts, while no...
12 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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