Trader Dan's Market Views

Market Insights and News

Thursday, January 26, 2012

HUI higher but showing signs of selling pressure coming back in

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Take a look at the following chart and you will see what I am referring to. The mining shares gapped up today on the opening trying to catch...
2 comments:

The Party Continues

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The binge continues unabated in today's session as both gold and silver bulls are giddy with delight over the FOMC statement from yester...
12 comments:
Wednesday, January 25, 2012

Gold Chart - Updated

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Gold shattered overhead resistance near $1680 and has continued higher as momentum based buying is coming in driving out panicked shorts who...
10 comments:

FOMC to MARKETS - "WELCOME TO THE PARTY"

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Or in the words of Captain Jack Sparrow. "Drink up me hearties". The FOMC just gave the green light to every hedge fund manager ...
2 comments:
Tuesday, January 24, 2012

Barrick Downgraded - down goes the HUI - again.

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Barrick Gold was downgraded this morning to sector perform by some of the "analysts" citing concerns over delays and cost escalati...
2 comments:
Monday, January 23, 2012

Gold Chart and comments

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Gold has made it into a formidable resistance level near $1680 which has served to bring out some heavy selling, just as expected seeing tha...
1 comment:

Silver runs right into a Resistance Zone and then halts

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Just as if on clue, Silver bulls came out of the gate bucking high and hard but were unable to throw the bears who have dug in at the exact ...
Saturday, January 21, 2012

Silver tracking the CCI - risk trade measurement

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One look at this tells you all you need to know about whether or not silver is going to perform. If risk is in and hedge fund money flows ar...
3 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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