Viewing articles by Dan Norcini

Posted by & filed under Trader Dan Norcini.

Dear Friends; Please note several aspects about the gold chart. First of all, from a trend following perspective, it is trading above all the major moving averages once again. That tells us that the chart is bullish. Secondly, the 10 day moving average (blue line), which had been moving down until last Friday, has now… Read more »

Posted by & filed under Trader Dan Norcini.

Dear Friends, The “Risk Off” trades returned once again today after disappearing yesterday. I am not sure what the actual event catalyst was but for whatever reason the US Dollar rallied very strongly today as the equity markets tanked and the commodities went down lower for the ride once again. Both gold and silver were… Read more »