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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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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