Trader Dan's Market Views

Market Insights and News

Wednesday, July 24, 2013

Housing Number Trips up Gold

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Today's strong new home sales number caught gold bulls off guard, as it once again fanned the flames of  "TAPERING" talk after...
38 comments:
Tuesday, July 23, 2013

Late Session Surge in Gold Conquers 50 Day Moving Average

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The strong rally in gold was yesterday stopped dead at the key 50 day moving average. Many of the big funds closely track this average. If t...
7 comments:
Monday, July 22, 2013

Gold adding to Asian gains

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Gold is adding to its gains from the Asian session last evening in impressive fashion as the climb today has been steady and methodical. It ...
17 comments:
Sunday, July 21, 2013

Finally!

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Gold FINALLY has taken out that pesky overhead resistance at $1300 during early Asian trade. Volume thus far is average but the fact is that...
7 comments:
Saturday, July 20, 2013

Trader Dan Interviewed at King World News Markets and Metals Wrap

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Please click on the following link to listen in to my regular weekly radio interview with Eric King over at the KWN Markets and Metals Wrap....
2 comments:
Friday, July 19, 2013

Ten Year Treasury Note back below 2.5%

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My thesis is that the recent sharp spike higher in interest rates on the longer end of the yield curve sent shock waves and convulsions into...
13 comments:

Gold Showing some Resiliency

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Wednesday's rejection of gold from the $1300 level emboldened sellers who drove the market down towards the chart support zone of $1270-...
8 comments:
Wednesday, July 17, 2013

$1300 Rejects Gold

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Gold was stopped cold in its tracks today at the psychological round number resistance level of $1300. It had initially reacted to Ben Berna...
24 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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