Trader Dan's Market Views

Market Insights and News

Wednesday, December 12, 2012

Whoops - that Didn't Last Long!

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Watching the late session price action in the Emini S&P 500 is quite disconcerting if you were expecting the market to greet the Fed...
2 comments:

Gold up on FOMC news but fails to clear Resistance

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Gold is thus far responding to news coming out of the FOMC meeting as could have been expected. It is moving higher as traders build in a mo...
6 comments:
Friday, December 7, 2012

Silver still Mirroring the CCI

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Silver continues to mirror the CCI with traders unsure of what direction to take things next.
7 comments:

Mining Shares Eroding further Against Gold

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When I normally lay out a chart detailing the ratio of the mining shares to the price of an ounce of gold, I use the HUI. I will still put u...
7 comments:

YenGold near all time Highs

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TAke a look at the following chart of gold, priced in terms of the Japanese Yen, and then tell me that the Japanese monetary authorities and...
Thursday, December 6, 2012

Gold Pops above $1700; Silver above $33

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Shorts decided to book profits today when the market appeared to have encountered some decent sized buying down near the session lows. Addit...
2 comments:

ECB's Draghi Undercuts the Euro

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Over the last few weeks, the Euro has benefitted from growing concerns over the fiscal health of the US. The current grossly misnamed "...
Wednesday, December 5, 2012

Goldman Sach's Right Hand does not Know what its Left Hand is Doing

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In an odd piece of news today, Dow Jones is reporting that Goldman Sachs has issued a report stating that gold is "near an inflection p...
13 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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