TFMR Podcast #15 - Trader Dan Norcini


Yesterday, I had the distinct pleasure of visiting with "Trader" Dan Norcini. Dan is a independent, professional trader. This means he makes his living off of being able to nimbly move into and out of positions, in the end consistently generating enough profits that Mrs. Norcini doesn't make him get a regular job!

Dan has a wealth of experience which he freely shares with all Turdites in this podcast. I strongly encourage you to make the time to listen.

As many of you know, Dan is a featured commentator on websites such as JSMineset and King World News. Dan also maintains a blogspot site where he often posts his own, personal analysis of various markets. Time prohibits him from updating it daily but you should check there daily anyway, just in case. He usually posts new information 2-3 times per week. The site can be found at .


SheepManDr G
Mar 19, 2012 - 5:03am

re:gold shops

Dr G, I should note it was a 'gold store' - chains, rings, bracelets, traditional stuff, all gold jewellery. That's how they do it here – bars for sale too, but all the attention is on the beautifully crafted gold. Everything is 96.5% pure gold. In Thailand's 'China Town', there is a district with dozens of gold shops like this. Most malls have one too.

When you pick something, they weigh it up to determine the price. You can sell it back to them exactly the same way, they weigh it up, check the market price and pay you. You pay a small fee (over mkt price) for the 'design' work, depending on the detail and quality of the piece. For example: On a simple 15g ring, I paid $20 for the design work.

I now wear it around the house and holy shit, it feels damn good. That, I did not expect..

The people here already understand gold's role in protecting their wealth, it's considered common sense. They know how to appreciate it for its beauty too.


Mar 19, 2012 - 12:08am

Quibble, quibble, quibble !

Velocity needs a little charm school time with that Prince of Charm.....Monedas 2012 I like the cartoons and the music, too ! PSA: 40 minute interviews are a little long.....I have about a 15 minute attention span !

Mar 18, 2012 - 10:58pm

Dan's a solid piece of work

Typically positive on metals and cynical on politics.

The only one of the group he gets mentioned with to sound the caution bell a year ago as silver approached $45.

He called the market "frothy". I was bummed that I asked on his site to say more about frothy and he didn't explain. Could have saved me a few bucks.

Said another way Dan is one of the very few who can talk caution in metals and yet not get blacklisted by the pro-metals gang. That in itself says a lot.

Cobalt Silver
Mar 18, 2012 - 10:26pm

What do we Know

Yes thank the powers that be for their unswerving dedication to keep us informed on what the value of the Precious Metals are day to day. Forget about nonsense like above ground availability, industrial demand or the exponential growth of the physical buyers. Much more relevant pricing factors like the number of shorts vs. naive longs, liquidity in the market, the whims of the big players and who is the patsy of the day are what is calling the tune. Forget about pricing the real physical commodity as insurance. The game is not unlike the racing program at the local racetrack. The commodities sire, record in the wet, record against the field and even the jockey colours. These are the factors you need to consider not only if you want to "trade" but accept as the price of the metals.

Please keep taking physical off the shelves and leave these market makers to pick their daily doubles, trifectas and win place and show games. If someone is daft enough to sell you precious metals at these paper market prices grab all you can within your means. Up .18 cents so far tonight. Chum in the water for these guys. To add insult to injury if you do happen to come out ahead in the paper chase they send you more paper to remind you to pay your taxes.

Dr G
Mar 18, 2012 - 10:13pm

My LCS experience at one shop

My LCS experience at one shop this weekend: lots of silver available (over 6,000 oz in various forms) and quite a bit of gold available also (fractional Eagles and Maples and some limited Krugs). He said he had "plenty" of gold. Your mileage will vary.

EDIT: @sheepman, thanks for the coin shop report from Thailand. I'm always interested in foreign reports of that nature.

Dr G
Mar 18, 2012 - 10:10pm

Sigh. My last post was

Sigh. My last post was deleted, so I'll just repost it the essence of it:

I'd much rather have a community where we are allowed to moderate ourselves, rather than the moderators telling us why posts were deleted and who is on time-out and for how long.

If you don't like what somebody says, then use the ignore feature. Or just scroll past it. It isn't difficult.

We live in a world with real problems--big and serious problems--yet we sure seem to enjoy making a big deal out of a guy asking questions about a podcast guest. Don't forget to step out of your bubbles sometimes (if you don't already--I think many do) and recognize that our world here in Turdville is fun and important but isn't the end-all-be-all. Priorities anybody?

Mar 18, 2012 - 8:13pm


I guess we've been buffalo'd.

more like stampeded.

Buffalo wholesalers buffalo Buffalo LCS buffalo Buffalo weakhands (who were holding Buffalos)

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Mar 18, 2012 - 5:40pm

Totally unrelated, but...

Totally unrelated, but absolutely imperative for everyone to know about nonetheless.

Executive Order - National Defense Resources Preparedness (aka. Peacetime martial law and complete Federal takeover of virtually anything pertaining to the domestic technological, commercial, and industrial infrastructure, including natural resources and human labor workforce, whenever the government deems it necessary for national defense and continuity of Government).

The breakdown:

Video unavailable
Mar 18, 2012 - 4:52pm

JPM buying mortgages

Hedge funds & JPM hastily buying commercial & res mortgages because Fed will bid them up in next QE round. The word is out & the fix is in.

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Key Economic Events Week of 5/25

5/26 8:30 ET Chicago Fed
5/26 10:00 ET Consumer Confidence
5/27 2:00 ET Fed Beige Book
5/28 8:30 ET Q2 GDP 2nd guess
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5/29 8:30 ET Pers Inc and Cons Spend
5/29 8:30 ET Core Inflation
5/29 9:45 ET Chicago PMI

Key Economic Events Week of 5/18

5/18 2:00 ET Goon Bostic speech
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Key Economic Events Week of 5/11

5/11 12:00 ET Goon Bostic speech
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5/12 8:30 ET CPI
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5/12 5:00 ET Goon Mester speech
5/13 8:30 ET PPI
5/13 9:00 ET Chief Goon Powell speech
5/14 8:30 ET Initial jobless claims and import prices
5/14 1:00 ET Another Goon Kashnkari speech
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5/15 8:30 ET Retail Sales and Empire State index
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5/4 10:00 ET Factory Orders
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Key Economic Events Week of 4/27

4/28 8:30 ET Advance trade in goods
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4/29 8:30 ET Q1 GDP first guess
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Key Economic Events Week of 3/23

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Key Economic Events Week of 3/9

(as if these actually matter)
3/11 8:30 ET CPI
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3/13 8:30 ET Import Price Index

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