Professional commodities trader Dan Norcini analyzes the fundamental and technical factors driving precious metals and currencies. He discusses topics such as US$ breakout, Euro weakness, interest rate differentials, Gold's technical picture, the difference between western demand and China/India demand, and GDXJ's technical picture.
SEE THE LINK BELOW:
http://thedailygold.podomatic.com/entry/2015-03-05T17_09_10-08_00
Friday, March 6, 2015
Sunday, March 1, 2015
A Question About Gold [From http://armstrongeconomics.com]
ANSWER: Yes I own gold myself. Gold is like
fire insurance. It is the HEDGE against government – not inflation.
If you have bought gold expecting to make money short-term, then you have
wasted a lot of time. Trade the trend. What is wrong with selling gold at the
high and buying at the low? I just do not get that. As an insurance, yes I only
buy common date US $20s. No bullion in bars etc. That is the “just in case”
hedge. It is NOT an “investment” It is plan B. Trading
gold back and forth I prefer the “paper” gold thank you. Liquidity is king.
These are entirely different things. What I object to is feeding people
nonsense who then put everything they own into gold and then lose the farm.
That is totally bad advice and uncalled for. I do not care what the investment
is. You NEVER advise people to buy anything and
don’t worry just hold forever no matter what. That is bad advice for stocks,
bonds, or gold.
Silver – Brief thoughts on its COT and Price Chart [Posted on February 21, 2015,5:39 pm by Trader Dan; www.traderdan.com]
Following is a Weekly or intermediate term chart of silver along with a few brief comments developed around its most recent Commitments of Traders report from this past Friday.
Not long ago I did a more detailed analysis of silver which can be found here at the site noting how the Swap Dealers are the one group of traders to keep a close eye upon when it comes to this particular commodity futures market. They have an uncanny knack for being on the right side of this market when it makes its move.
I normally lay great emphasis on the activity of the speculators, particularly the large hedge funds, since they are the drivers of our modern markets, but when it come to silver, once the net positioning reaches extreme levels, more often than not, the Swap Dealers are the ones positioned correctly.
With that in mind, I am closely observing what is transpiring in the silver market based on the COT positioning and the price chart.
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