Trader Dan
Trader Dan Articles
I forgot exactly where and when I read it, but I recall seeing that one of the things that the Fed looks at when considering the employment situation, is a rolling 12 month average of the number of jobs created or lost. This gives them...
Overhead chart resistance centered between $1225-$1220 has proven to be a bride too far for the gold market. That region has now been confirmed with today’s plunge as a formidable barrier that gold bulls will have to overcome if there is...
As most of you know by now, I am bearish on gold from an intermediate term perspective on account of the fact that I do believe that the Fed is eventually going to have to raise rates and try to somehow normalize monetary policy/interest...
Based on what I am currently seeing at this time, it looks as if the best the Fed could do is to put a temporary floor under the gold price and a temporary cap on the Dollar. As to how long either or both will hold, that is anyone’s guess...
Methinks the continued persistence of the entire speculative crowd (Hedge Funds, Large Reportables and the General Public) in remaining on the long side of the gold market must be due to excessive exposure to the plethora of gold perma-...
Fading Greece concerns were a tough headwind for the yellow metal this week…and it certainly had a negative impact on the intermediate-term chart.
The COT report explains the reason we saw such a dramatic drop in the gold price (along with all of the other safe havens such as bonds and the Yen) today once the payrolls number hit the wires.
Here is a quick update for the silver surfers out there. I mentioned today that the Australian Dollar was taken out to the woodshed and given a sound thrashing. Silver must have been dragged out there as well because it was beaten with the...
Over the many years that I have been writing about the commodity futures markets, I have tried to make a point of homing in on the fact that it is the presence of high-powered speculative money flows that drive market action.
Now that we have had a chance to see how the dust settled after this historic day in the markets, there are some observations I would like to make. I want to start out first with the junior mining shares, as evidenced by the GDXJ. The...
