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Like most people who end up with their own blog, I have become overwhelmed with the job of managing information. I subscribe to numerous feeds and literally swim as hard as I can just to stay up to date. Many people I know have asked about where I source my news and commentary and it becomes an awkward, unwieldy experience trying to encapsulate a cogent reply. So this blog is my attempt to point people to a single place where information I follow flows. My blog list is very extensive and I have tried to whittle it down substantially. I am also on the prowl for more blogs, therefore all recommendations will be highly valued! I have daily feed straight to this site some of my favorite content. Daily review of Mish Shedlock, Nathan Martin, Jim Sinclair, GATA, and Martin Armstrong are essential IMO and will be posted here. Also, I endeavor to provide weekly Technical Analysis of Gold, Silver, US Dollar, and select markets. I hope to provide some with an exposure to technical analysis, and at the same time hone my own skills. Also, I will be adding commentary to the daily feeds from other sources. In time, this will be the primary focus of my blog as frequent visitors will channel feeds appearing here directly to their own sites and will come here for either analysis or commentary. I hope you find some utility here and it serves you well out there in the Matrix!

Thursday, June 24, 2010

Dan Norcini Gold commentary - 24 June


I have to echo what Dan Norcini says, this isn't the same gold market as the one before the crash.  Monday's horrible candle would have initiated a waterfall and crashed the market.  Not so anymore apparently.  Gold is responding as the true and trusted currency of last resort that it has always been.  It is not, I repeat not responding to inflation like the perma-bears would like you to think.  They want you to swallow that concept so they can prop up a straw man and then kick it over.  It is clearer each day that debt default and payoffs are outpacing new money and credit creation, leading to deflation.  No, gold is being acquired because of the notion that all governments are laden with more debt than can ever be payed off, with debt default or explosive monetization the only available options ahead.

Hourly Action In Gold From Trader Dan

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