Click chart to enlarge today’s hourly action in Gold in PDF format with commentary from Trader Dan Norcini
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Click chart to enlarge today’s hourly action in Gold in PDF format with commentary from Trader Dan Norcini Dear CIGAs, This movement away from the Dollar is gaining momentum. It appears to me that we are witnessing the early stages of a global consensus that the Dollar can no longer be the SOLE reserve currency. What many do not seem to realize is that currency risk due to foreign exchange volatility is Continue reading Moving Away From The Dollar Dear CIGAs, The more I hear from contacts concerning Pakistan the more theatrical it appears. Rent-an-army Pakistani forces forced all the residents of Swat to join the largest procession of refugees since Burundi and Rwanda by curfew and intimidation. They had to be rescued by Tanzania. The strategy was that once you emptied most Continue reading 130 Day Warning Dear CIGAs, The why behind the “no comment” on Bernanke’s grilling yesterday on the Merrill deal is because it is just too embarrassing for any American to have a major financial leader dogged by such a paper trail. Inflation: A note on the form of inflation coming: It has NOTHING whatsoever to do with Continue reading Classic Examples Of Inflation Three weeks to go: 1. California Labor Unions hold tight and will not cooperate with the needs of funding. 2. California legislators refuse to raise significant taxes. 3. The Obama Administration holds tight in saying they will not bail out California. In three weeks California will be out of money with the inflow nowhere Continue reading In The News Today Dear CIGAs, The battle between the inflationists and the deflationists continues unabated with market gyrations becoming increasingly violent as neither side appears able to gain an advantage. Just as it looks as if the bond market is going to side with the inflationists, it miraculously bounces from a major long term support area and Continue reading Trader Dan Comments On Recent Gold Action Dear CIGAs, You are going to see a great deal more of this. Do you honestly know how bad things are going to get? Do you really accept that the US dollar is going to take a historical percentage of value hammering in the final quarter of 2009? Do you recognize that Continue reading In The News Today Click chart to enlarge today’s hourly action in Gold in PDF format with commentary from Trader Dan Norcini |
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