GOLD SETTLES $7.30..TODAY – 9/25/09 »
Gold- Trade Recommendation
10-01-09 12:30 p.m.
Buy Dec Future at 998.50 and use a 994.00 stop, our initial objective would be to take some profit 1008.00, with potential to 1018.00 basis the December contract.
Check for changes and Updates
9/25/09
Today’s Gold Session Settles $7.30 Lower…
The slide of the Gold market continued today
as the day session trade closed $7.30 lower
closing at $991.60…The demand [...]
TODAY’S GOLD TRADE SETTLED $1.10 LOWER – 9/23/09 »
Today’s Gold Trade Settled $1.10 Lower…
The Gold market traded in a very
CHOPPY and tight trading range
once again today as Gold Bugs are
content to sit the side-lines until the
FOMC meetings conclude later today.
There certainly is restless feel to this market.
I believe many speculators are waiting for
opportunity to jump on the “BULL BANDWAGON”
in the anticipation of a [...]
Today’s Gold Market Settled $10.60 Higher ($1015.50) – 9/22/09 »
Today’s Gold Market Settled $10.60 Higher… ($1015.50)
The day session Gold trade continue the over
night rally and settled at $1015.50.This latest
rally was generated by a new year U.S Dollar
low versus the EURO sending speculators and
investors racing toward Gold. Today and tomorrow
the FOMC meets and the G20 will meet later in
this week in Pittsburg. I believe many [...]
GOLD SETTLES $5.40 LOWER TODAY ($1004.90) – 9/21/09 »
Gold Settles $5.40 Lower Today…. ($1004.90)
Today’s day session trade in the Gold market
was very subdued in the wake of the FOMC
meeting tomorrow. It appeared to me that many
Gold Bugs may have been sidelined waiting for
news from the Fed.After taking the December
contract below the psychological $1000.00 level
early on based on a stronger U.S Dollar, weaker
Crude oil [...]
GOLD SETTLES $3.20 LOWER TODAY – 9/18/09 »
Gold Settles $3.20 Lower Today……….
Today’s Gold trade was very quiet and
it appeared with the lack of momentum
traders took profits (evened up) prior
to the weekend. The Gold gave back
$3.20 today due to a stronger U.S Dollar,
lower Crude Oil prices (fell below $72 a barrel),
and very little follow through from yesterday.
Gold Bugs are buying dips and seek [...]
Daly Gold blog 9/17/09 »
Gold Settles $6.70 Lower Today… ($1013.50)
After another huge surge in the Globex (over night session)
with Gold trading as high as $1025.80 per ounce the day session
took profits as technical resistance held and convinced traders
that the lack of momentum might mean an over-bought market.
However with the continued weakness of the Dollar Index versus
six other major currencies [...]
Gold Closed $5.20 Higher Today ($1006.30) – 9/15/09 »
Gold Closed $5.20 Higher Today ($1006.30)…
Today’s Gold market opened lower and for the most part traded
negatively until a late session rally. Early on the U.S Dollar
was stronger versus the Euro and Crude oil was lower and the
Gold market simply felt a bit top-heavy. Early in the session Gold
was trading as low as $995.00.
U.S retail sales [...]
GOLD CLOSES $5.30 LOWER TODAY – 09/14/2009 »
Gold Closes $5.30 Lower Today…($1001.10)
Today’s day trading session produced a very
tight trading range .light volume and a $5.30 loss.
The Day session range was only $2.40 covering a
$1003.50 High and a low of $1001.10 (one of the
tightest ranges I can recall for sometime).
The Globex market however covered $16.40 range.
It appears the recent market surge has taken [...]
Gold Closes $5.30 Lower – 9/14/09 »
Today’s Gold trade settled $5.30 lower…
There was a very large trading range in the
Globex over night trading session ($17.80) producing
a High of $962.10 and low of $944.30.
The Gold market took a massive tumble due to
$3.00 plus sell-off in the Crude Oil, a rise in the U.S
Dollar index and China’s key stock index dropped 6.74%
And [...]
Roller-Coaster Week in the Metals…9/10/09 »
Roller- Coaster Week in the Metals…9/10/09
We have experienced some tremendous ranges this week
in the Precious Metals. On September 8th Gold futures traded
$1009.70 as a high and as low as $983.20 last night on Globex.
This calculates to a $26.50 move in less than 48 hours.
Since trading through the psychological $1000.00 level the
Gold market has experienced some [...]
