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 [...]

Dear Friends,
This evening in Asian trade, the Japanese Minister of Finance once again restated the new view out of Japan that the level of the Yen is no longer an obsession with the monetary authorities of that nation. His comments were interpreted by the Forex markets that intervention to stem the advance of the Yen [...]

Dear Friends,
Index fund activity across the commodity spectrum is intensifying with huge sums of money pouring back into the rather small world of commodities. Current fundamentals in many of these markets do not justify moves of the extent that are occurring as this tidal wave of hot money overwhelms commercial hedge selling. Nonetheless, the “reflation [...]

Dear Friends,
The more I look at the US equity markets and compare that to the world of Main Street, the more convinced I am that this nearly vertical rally in the equities is the result of funny money plowing into stocks which has little significance to the average citizen on the street who is trying [...]

Dear CIGAs,
It would appear that the decision by the Reserve Bank of Australia to raise interest rates has set a fire under the Aussie and added further to the bullish tone in regards to the entire Asian currency block. It soared to just shy of the 90 level early last evening when news of an [...]

Click here for today’s Gold charts priced in Euros, British Pounds and Japanese Yen, as well as Euro/Yen Cross and HUI in PDF format with commentary from Trader Dan Norcini
Click here for today’s Continuous Gold chart in PDF format with commentary from Trader Dan Norcini