Monthly Archives: February 2011

After making a few jokes the President went on to defend his budget at his talk today. He said that if his budget were enacted it would result in the US achieving the lowest debt to GDP ratio since Eisenhower. … Continue reading →

Mish nails it home in the last paragraph. It is going to happen. Prepare. MS US Dollar About to Lose Reserve Currency Status – Fact or Fantasy? A number of sites are commenting on a Bloomberg video in which El-Erian, … Continue reading →

http://traderdannorcini.blogspot.com/2011/02/4-hour-dollar-chart-and-daily-chart.html Sent with MobileRSS for iPhone

Strength across the broad commodity sector has lifted the CCI to yet again another new all time high. Seeing that it is the end of February, we have what now amounts to a new all time high closing price on … Continue reading →

See the chart for some comments on the price action. Also, Friday’s open interest revealed that reluctance or lack of conviction on the part of the bulls that I noted. The reduction in open interest with the market pushing up … Continue reading →

This afternoon’s action even got the attention of ZH: http://www.zerohedge.com/article/todays-precious-metal-close-banging-moment-brought-fine-people-comex As mentioned earlier, rather than suspect the EE, I’m more inclined to believe that today’s Globex craziness is more directly related to this being “put up or shut up day” … Continue reading →

A point made in the latter part of the article is key to the concept of Freegold. Namely, little purpose exists for gold outside of it’s use as money. In addition it is not widely held or in demand by … Continue reading →

I broke out the white-out one more time and look what I found. In case you’ve forgotten, I first used the white-out last Tuesday evening: http://tfmetalsreport.blogspot.com/2011/02/getting-into-white-out.html I figured that if Blythe was going to spend so much money trying to … Continue reading →

http://traderdannorcini.blogspot.com/2011/02/4-hour-silver-chart_28.html Sent with MobileRSS for iPhone

OK, let’s get the week started. First up, the USDX continues its ugly ways. You can expect some buying to emerge somewhere down here which may cause a brief rally back up toward 77 and change. However, this chart looks … Continue reading →