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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