Trader Dan's Market Views
Market Insights and News
Friday, January 27, 2012
Money Flowing back into Commodities
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Note the CCI chart and the nearly vertical lift over the last week. Money is pouring back into RISK ASSETS as the Dollar heads lower and the...
3 comments:
Gold regains half of its losses from the record peak price
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Technicians make a big deal out of the 50% Fibonacci retracement level due to the psychological implications of that level in the minds of t...
1 comment:
US Dollar fails at 82
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Since the late spring of last year, the US Dollar has been the recipient of a fair amount of "safe haven" flows, mainly in respons...
2 comments:
HUI notes
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We are seeing a definite reversal in the price action of the gold miners in comparison to the action in the broader equity markets in today...
2 comments:
Broad US Dollar Index chart
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By request -
2 comments:
US GDP remains mired in mediocrity
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Reports out this morning show that US GDP for 2011 was a pathetic 1.7% compared to 3.0% for 2010. Imagine what it would have been without al...
Euro Gold right at Resistance level
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Take a look at the following chart of gold priced in Euros, or "Euro-Gold" as I prefer to term it. I have mentioned here and on so...
3 comments:
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:
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