Viewing articles by Dan Norcini

Posted by & filed under Trader Dan Norcini.

Dear CIGAs, Based on open interest numbers from yesterday’s price action, we had a significant number of fresh short positions instituted in Silver on its run towards $50. Combined with record volume ( a mind boggling 319,024 ) it looks like we had a blow off top in silver for the time being. That high… Read more »

Posted by & filed under Trader Dan Norcini.

Dear CIGAs, There is only one way to describe what is occurring to the US Dollar; its future as the global reserve currency is in serious danger of disappearing forever. Under the "leadership" of the US Federal Reserve, and thanks also to the reckless and incredibly short-sighted spending occuring at the Federal level, the Dollar… Read more »

Posted by & filed under Trader Dan Norcini.

For further market analysis and commentary, please see Trader Dan’s website at www.traderdan.net Dear CIGAs, At the suggestion of my good friend Jim Sinclair, I have prepared a chart detailing the ratio of the price of GDX compared to the price of GDXJ. The GDX does contain some smaller cap miners but it also mainly… Read more »