Dear Friends,
By now the government’s data release of this morning’s unemployment number is already baked into the market cake. The crummy news served to reinforce the notion, that helicopter Ben and company will continue their mission of protecting us all from global warming by filling the air with so many scraps of paper (aka – [...]

Dear CIGAs,
News overnight that India was going to stand for half of the proposed IMF gold sale sent shock waves through the gold bear camp resulting in a near panic among trapped shorts. Their buying sent prices ripping through overhead resistance just above the $1,070 level setting off a cascade of pre-placed buy stops that [...]

 
Click here to view this month’s action in Continuous, Euro, Japanese Yen, British Pound, Australian and Canadian Dollar Gold with commentary from Trader Dan Norcini

Click chart to enlarge today’s hourly action in Gold in PDF format with commentary from Trader Dan Norcini

Click chart to enlarge today’s hourly action in Gold in PDF format with commentary from Trader Dan Norcini

Click chart to enlarge this evening’s hourly action in Gold in PDF format with commentary from Trader Dan Norcini

Dear CIGAs,
Click charts to enlarge today’s hourly action in Gold and the CCI in PDF format with commentary from Trader Dan Norcini

Dear CIGAs,
Click charts to enlarge today’s hourly action in Gold and the CCI in PDF format with commentary from Trader Dan Norcini

Dear CIGAs,
The CCI is knocking on the door of the 50% retracement level – the reflation effort by the Fed has hot money pouring into that sector to the extent that it has recaptured half of its losses from July 2008, when the fallout from the credit meltdown began in earnest and the Japanese Yen [...]

Dear Friends,
Did you hear the sound of joy and the exuberant cries of rejoicing among the talking heads in the financial media and the hacks of Wall Street as the Dow peeked back above the magical 10,000 level in today’s trade? Happy days are indeed here again as we all know that the average man [...]