Daly Gold Blog 11/27 »
Gold Settles $13.10 Lower Today… ($1175.50)
The February Globex Gold covered a $61.00 range today.
Posting an $1196.80 High and a Low of $1135.80….
The news of Dubai’s debt problems with assured creditors
sent the Asian equity markets drastically lower (Tokyo Nikkei
dropped 3.2% / Hong Kong lost 4.8%) and forced investors
buy Dollars as a safer haven. (U.S Dollar rallied [...]
Daly Gold Blog 11/24 »
Subject: Daly Blog Report 11/24
Gold Settles $1.20 Higher Today… (1167.70)
The Gold markets momentum continues to be U.S Dollar
orchestrated. The continued fragility of the Dollar is pushing
investors into the Gold as a “safe haven” alternative.
Year to date Gold is up over 30%.
The economy of the United States grew 2.8% in the
3rd quarter (less than anticipated). This [...]
Another All-Time High….11/23 »
Gold Settles $17.90 Higher… ($1164.70)
Today’s Gold session notched yet another all-time high…
(Globex – $1174.00 & Comex – $1173.50)
The Gold rally was fueled by the weakness of the Dollar.
The U.S Dollar traded a 6 week low versus the Japanese Yen
after comments from a Federal Reserve spokesman solidifying
their position of keeping U.S. Interest rates low.
This prompted investors [...]
Daly Gold Report 11/30 »
Today’s Gold settles $6.90 higher… ($1181.10)
Despite continued fall-out from the Dubai “debt freeze” debacle
the gold market staged a strong rally late session to close $6.90
higher for the session. The Higher prices for Crude oil also
contributed to the late session rally. The recent dips in the Gold
market has been a great opportunity to bargain hunt.
I [...]
Daly Blog Report 11/20 »
Today’s Comex Gold Settled $4.90 Cents Higher…($1146.80)
Despite a stronger U.S Dollar today the Gold traders made a
late session push and closing over my 1st Resistance level.
I believe this is simple speculation that the U.S Dollar will fall back.
Globex continued to rally after the (Comex) day session closed.
Remember the all-time high is recorded from the Globex… [...]
Daly Gold Blog 11/19 »
Gold Blog Report 11/19/09
Gold Settled .70 Cents Higher Today… ($1141.90)
Today’s Comex day session continued the choppy
and volatile trend as early U.S Dollar strength sent
the Gold market to the $1132.50 level. However the
continued resiliency of the gold market due to high
world demand as an alternative to the weak Dollar.
Jewelry consumption is down due the all-time high
price [...]
Daly Gold Blog 11/18 »
Today’s Gold Session Closes $1.80 Higher… ($1141.20)
Another choppy session filled with volatile swings and record
all-time highs ($1153.40 Globex & $1151.20 Comex)…
The Comex gold covered a $10.20 range as the Bulls pushed
the market higher after CPI prices increased 0.3% for October.
This translates to a higher cost of living for Americans.
Higher fuel prices led the way. The [...]
Gold Blog 11/17(2) »
Today’s Gold Closes .20 Cents Higher… ($1139.40)
Once again the Gold market shows its resiliency.
Despite a stronger U.S Dollar and an early session
battering (trading as low as $1127.80 on Globex)
the Gold Bugs are not convinced the Dollar can sustain
and maintain any momentum and staged a strong late session
rally and actually closing 20 cents higher….
I also believe [...]
Gold Continues to Shine 9/17/09 »
This week the Gold and Silver markets have been on a
“Bullish Tirade” fueled by many economic factors.
On Tuesday U.S retail sales revealed producers surged
higher than expected indicating business was improving.
Federal Reserve Chairman Ben Bernanke was quoted as
saying “Even though from a technical perspective the
recession is very likely over at this point, it’s still going to
feel [...]
