Category Archives: Dan Norcini Gold Analysis

Dan Norcini: Gold Comments

You are either a lunatic or a masochist if you trade the Comex gold contract or the mining shares. It’s literally you against the Fed, the bullion banks, and the hedge funds, all working under the auspices and enabling eye … Continue reading

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Dan Norcini: Gold crashes through support at $1680

Gold crashes through support at $1680 by Trader Dan With the mass exodus out of safe haven trades today and into stocks, gold is being sold off with the idea of taking those funds and plowing them into the equity … Continue reading

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Dan Norcini: Gold Comments

General Comments by Trader Dan Gold is holding firm in today’s session but has retreated from its best overnight levels. You will notice that within the larger time frame on the chart, gold has made a nice run to stiff … Continue reading

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Dan Norcini: Choppy trading pattern continuing in Gold

You have to be a daredevil or a masochist to trade the daily “paper gold” chart. That game is rigged against you and in favor of the trading house who collects regardless of the outcome of your trade. They affectionately … Continue reading

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Dan Norcini: 25 Jan Gold

Gold Chart – Updated by Trader Dan Gold shattered overhead resistance near $1680 and has continued higher as momentum based buying is coming in driving out panicked shorts who were hoping for a halt in the advance to occur as the … Continue reading

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Dan Norcini: Gold clears initial resistance hurdle

Gold clears initial resistance hurdle by Trader Dan There has been a band of overhead chart resistance centered between $1630 – $1620 that has been keeping gold in check for the last few weeks. Gold has been probing this level … Continue reading

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Dan Norcini: Gold Breaking down out of its triangle formation

I agree 100% with Trader Dan. A failure here puts $1600 and the 200 day moving average into play. The 200 day moving average is a rare event and I will tap all credit lines to buy at that level. … Continue reading

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