Professional trader Dan Norcini, (traderdan.com) returns to discuss and analyze these markets in the wake of Brexit.
What a last 24 hours for markets! At one point Gold was up $100/oz, S&P futures were limit down and the British Pound was down over 8%! The volatility has subsided, perhaps temporarily and Gold settled around $1320/oz with Silver settling below key resistance at $18. The miners predictably gapped up but the strength was […]
Gold and gold stocks have been correcting in time rather than price. This could change post Brexit or not. The sector has successfully digested the spring gains. Our model portfolio is up 340% in the past 7 years while GDX is down 30%. Click here to learn more about our service.
Over the last 7 years, our model portfolio has crushed sector benchmarks…
We discuss why no major pullbacks are in sight…
The gold mining stocks continue to defy any bearish price action or perceived bearish development. Pundits first warned because of the “bearish” CoT data. The commercials are always right and a big decline is coming! Then we heard the miners were too overbought and would have to correct 20%. (I thought this once or twice!) […]
Today I joined Mike Swanson for a brief interview consisting of my latest thoughts on Gold and gold stocks..
Professional trader Dan Norcini comments on Gold, Silver, the mining stocks, US$ and the other commodities. Visit his website at traderdan.com.
Over the past two weeks gold stocks have surged more than 20% as the awful jobs report forced the bears to capitulate. That strong of a move in a brief amount of time will naturally slow or correct. Furthermore, gold stocks touched resistance Friday morning which led to a bearish reversal. While the bullish trend […]
We discuss these strategies and provide some things we look for in a company with respect to both strategies.