Category Archives: Trader Dan’s Market Views

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 encountering resistance near $1780 by Trader Dan Based on what we have seen in the price action the last few trading sessions, gold is having some difficulty convincingly clearing the level near $1780. That has now formed as a … 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: 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 encountering resistance near $1650

Gold encountering resistance near $1650 by Trader Dan Gold bulls have performed admirably since the last few trading days of 2011 having taken the gold price up over $100 since that time period. The rally has been very impressive, especially … 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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Dan Norcini: Gold loses battle for $1750- needs to push through $1765

Gold loses battle for $1750- needs to push through $1765 by Trader Dan The failure by Ol’ Yeller to extend past $1750 has tripped some of the shorter term technical indicators into a sell mode. As you can from looking … Continue reading

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Dan Norcini: Rising Prices just a Figment of Our Imaginations

Rising Prices just a Figment of Our Imaginations by Trader Dan JACOB MARLEY:  Why do you doubt your senses? SCROOGE:  Because, a little thing affects them. slight disorder of the stomach makes them cheats. You may be an undigested bit … Continue reading

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