Friday’s gold Closes $6.70 lower – 10/30/09 »
Today’s Gold Session Settled $6.70 Lower… ($1040.40)
The U.S dollar regained some of its early week muscle and
showed a significant rally versus the Euro. The strength of the Dollar
pushed equity market lower, resulted in lower Energy prices, and
of course fueled the gold market’s volatile sell-off.
Comex Gold traded in a $9.50 range (high-$1046 & low-$1036.50)
and basically settled [...]
Daly Gold Report…10/29 »
Today’s Comex Gold Session Finished UP $16.60…($1047.10)
With the help of a very Impressive GDP report that was well
above expectations the Gold market soared and never looked back.
The actual number reported was up 3.5. It didn’t take long for
the nations economic analysts to proclaim” the recession is over”.
Prior to the GDP report precious metals had been [...]
The RESILENCY of Gold…10/29….weekly »
The RESILENCY of Gold…10/29
This week as been a very volatile and choppy trade
in the precious metals. We have watched gold slide from
$1058.00 Monday (10/26) to a low of $1026.90 on Wednesday (10/28).
That’s $31.10 for us Gold bugs doing the math.
The economic news has been very U.S Dollar friendly (until
today’s GDP) therefore negative for the Gold [...]
Gold Continues To Slide…$4.90 Lower Today – 10/28/09 »
The (Comex) Gold Day Session Closes $4.90 Lower…(1030.50)
Gold continued its retreat today closing $4.90 lower for the session.
The Gold was on the defensive most the afternoon as corporate
earnings were less than impressive while the government reported
durable goods only rose 1% were certainly the catalyst to extend
the continued surge of the U.S Dollar. The energy sector [...]
Golden Swings 10/20/09 »
Gold Settled .50 (cents) Lower Today… ($1058.60)
Today’s Gold covered a range of $12.20 during
an extremely volatile trading session. The Gold was
trading as high as $1066 per ounce early on as the
U.S Dollar was making 14 month lows versus the basket
of 6 Major currencies. However after poor Housing reports
data Investors began to sell Stocks and the [...]
WILD RIDE IN GOLD MARKET TODAY….10/02/09 »
Gold Settles $3.60 Higher… ($1004.30)…..
Today’s Gold trade took us on a very wild ride
today. The day trading session opened almost
$7.00 lower prior to the unemployment report.($995.50)
Most traders felt the number was going to be bearish
or worse than expected .U.S Employers CUT
263,000 JOBS in September…This definitely
“BOOSTED FEARS” that this very weak labor
environment could undermine the economic [...]
The Resiliency Of Gold (10/01/09) »
The Resiliency Of Gold….(10/01/09)
As of this writing Gold is teetering above
$1000.00 per oz and once again is having
difficulties holding both momentum and gains.
As Silver is struggling to climb over $17.00
for the same reasons. We have been exposed
to so much information it is difficult to separate
the good from the bad.
For instance tomorrow the Labor Department
will provide [...]
Today’s Gold trade Settles $8.60 Lower – 10/01/09 »
Today’s Gold Session Settled $8.60 Lower…($1002.30)
Today’s Gold trade was U.S Dollar driven.
With the U.S dollar showing a strong resurgence
and the slipping of Crude oil prices the Gold market
could not hold on to early gains. Economic reports
also were mixed but clearly stated there would be
more rough road ahead. Economists predict 10 %
unemployment by year end.
REPORTS: 10/2/09
UNEMPLOYMENT…….7:30 [...]
