Trader Dan's Market Views

Market Insights and News

Thursday, March 27, 2014

Dollar Rises - Gold Sinks

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Same story as yesterday - The US Dollar is gaining some ground at the expense of the Euro and that is undercutting the bullish case for gold...
78 comments:
Wednesday, March 26, 2014

ECB Chatter Weakens Euro; Dollar Rises

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The chatter in the Forex markets today centered around the comments of Bundesbank President Weidman who seemed to be concerned about the low...
53 comments:
Monday, March 24, 2014

Silver Succumbs to Gold Weakness

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Si lver had been managing to hold above $20 today in spite of the Gold weakness until late in the session when gold began sinking even lower...
44 comments:

Gold loses nearly 2%

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Last Friday's COT report showed a fairly large build in new longs among the hedge fund community. Unfortunately for them, those new long...
13 comments:
Friday, March 21, 2014

Carnage in Biotech Sector Provides Support for Gold

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The big news of today in my view is the barrage of selling that engulfed the Biotech sector. It was indiscriminate, hitting the entire secto...
47 comments:
Thursday, March 20, 2014

Easing Ukranian Tensions, Hawkish Fed, undercut Gold

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Take a look at the following comparison chart of the price of gold ( IN BLUE ) versus the Volatility Index, or as I prefer to call it, the ...
34 comments:
Wednesday, March 19, 2014

Fed to Continue Tapering - Gold Jettisoned as Dollar reacts

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All that was required to launch the US Dollar higher away from strong downside chart support near the 79 level on the USDX chart was a hawki...
34 comments:
Tuesday, March 18, 2014

Gold heads Lower as Longs Bail out and Bears move back in

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The headline title says it all - without a further escalation in the tensions over in the Crimea, gold has nothing to keep the bull fed and ...
28 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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