Trader Dan

Trader Dan Articles

The comatose mining stocks finally came to life today and showed signs of some determined buying, something that has been missing in the recent leg higher in the gold market. From a technical analysis perspective, the fact that they were...
I wanted to take a bit of time in this post to discuss one of the most important things that those wishing to be successful in trading/investing need to learn, namely detecting shifts in sentiment. Those of you who have been reading my...
It has been a long time since I put up this chart comparing the S&P500 Index with the size of the Federal Reserve’s Balance sheet. The old adage “that a picture is worth a thousand words” is most appropriate in this instance.
I must say that I continue to be amazed at how “CALM” things are in these equity markets in spite of the significant chart breakdowns that are now being seen in so many different sectors. Look at how meager the move higher in the VIX has...
DO NOT GET MARRIED TO GOLD. It is insurance. Remember that, stay objective and be sober-minded. Leave the wild-eyed gold cult to glory in its own rantings.
The S&P500 has been bending over the last three trading sessions (first three trading days of this New Year) but refused to break down. Overnight however, that has changed, at least during Asian trade and very early European trade.
If crude oil is to actually produce a solid bottom and enter a bull market, the charts will show it. One does not have to try to nail some sort of “exact bottom” in the hope of bragging about some penchant for prophetic market insights.
Here is a long-term chart (monthly) showing where the price of gold ended last year (2014) -- and where it is ending up this year. I have drawn in two Fibonacci retracement levels formed off of the entire rally beginning in 2001 to the...
As suspected, the gains seen last week in both gold and silver ( and copper for that matter) were primarily the result of short covering. My view is that the bulk of this was tied to year-end book squaring ahead of Christmas and the New...
Watching the price action in the currency markets it is becoming clearer to me that the Forex crowd has now moved beyond any expected rate hike by the Fed next week and has shifted its focus to “WHAT COMES AFTER THAT?”
Gold is the official state mineral of Alaska.

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