Trader Dan's Market Views

Market Insights and News

Thursday, August 23, 2012

Euro Gold closing in on its All Time High

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The following chart reveals the strength of gold when priced in terms of the Euro Currency. Notice that it has been steadily working higher ...
5 comments:

Silver Tacks on the "30" Handle

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Short Covering from panicked speculators has led to a sharp rise in silver prices that is also drawing in new buyers who chase momentum. ...
4 comments:
Wednesday, August 22, 2012

Interest Rates Key to Silver Direction

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We have said for some time now that Silver will only benefit in a period in which inflation is the main fear and not deflation. That of cour...
6 comments:

Gold Needs a Strong Close to End this Week

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The following weekly chart provides a bit of longer term perspective as it shows the very solid level of buying support that has marked an a...
3 comments:

Silver Breakout Leads to Gold Breakout

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Gold put in a very strong showing in today's session the instant the FOMC press release hit the market. All that was necessary was the f...
1 comment:

PIMCO Buying Gold

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Dow Jones is reporting this morning that PIMCO's Commodity Real Return Strategy Fund, with about $20 billion in assets, has raised its g...
10 comments:
Tuesday, August 21, 2012

Grain Prices Remaining at Lofty Levels

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Word out of the crop tour this AM has sent both corn and soybean prices strongly higher dragging wheat along for the ride. The supply seem...
5 comments:
Monday, August 20, 2012

Stealth Mode Rally in Silver Maybe not so Stealthy Anymore

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I remarked last week that silver had been slyly working its way higher in very quiet fashion but was knocking on the door of overhead resist...
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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