WEEKLY METALS REPORT – 12/31/09 »
Weekly Metals Report 12/31
This week provide some strong and optimistic
data relating to the U.S. economy especially in
regards to U.S Jobless Claims. The Labor Department
stated fewer Americans than expected filed for
unemployment benefits citing an improvement in
the Labor market. Jobless Claims dropped by 22.000
to 432,000 in the week ending 12/26/09.
This week the precious metals markets continued
to trade [...]
UPDATED BLOG – 12/30/09 »
Subject: Daly Gold Blog 12/30
Today’s Gold Settles $5.60 Lower… ($1092.50)
For the second straight trading session Gold prices
fell off rumors of a weak Japanese fiscal outlook.
The U.S Dollar traded a two month high versus the Yen
lessening the appeal for Gold as a hedge against the Dollar.
There was also good news from the Chicago region as data
showed [...]
Daly Gold Blog – 12/30/2009 »
Today’s Gold Settles $5.60 Lower… ($1092.50)
For the second straight trading session Gold prices
fell off rumors of a weak Japanese fiscal outlook.
The U.S Dollar traded a two month high versus the Yen
lessening the appeal for Gold as a hedge against the Dollar.
There was also good news from the Chicago region as data
showed the expansion of businesses [...]
Daly Gold Blog – 12/29/09 »
Today’s Gold Session Closed $9.80 Lower… ($1098.10)
Today’s Gold market closed lower for the first
time in four sessions as the very thin Holiday markets
continue to drift and teeter around the $1100.00 level.
The U.S Dollar benefited off the positive home prices and
consumer confidence data and sent the Gold market lower.
We also need to understand there are always [...]
Daly Gold Blog – 12/28/10 »
Subject: Daly Gold Report
Today’s Gold Session Closes $3.10 Higher… ($1107.90)
With the help of a weaker U.S Dollar and higher Crude Oil
prices the very thin and choppy Gold market regained some
momentum and closed $3.10 higher. The Gold rallied over night off
of bargain hunting buyers from the Asian sector.
The Chinese have also helped the Gold market by suggesting
they [...]
WEEKLY METALS REPORT 12/24/09 »
Christmas Eve Rally
This has been a very interesting week in the precious metals markets.
Monday and Tuesday we experienced the continued U.S Dollar strength
as we watched the Gold (Comex) trade as low as$1075.20 (12/22) and
looking as if it would continue to drop like a stone. The U.S Dollar has
been stellar since the December 4th’s unemployment data [...]
DALY GOLD BLOG – 12/23/09 »
Today’s Gold Session Settles $7.30 Higher… ($1094.00)
The Gold market closed higher for the first time in seven days.
The recent strength of the U.S Dollar has had Gold “Bulls”
running for cover as the yellow metal has given back over 8%
for the month. Today’s weakness of the Dollar was based
on speculation that the recent strength of the [...]
Daly Gold Blog – 12/22/09 »
Today’s Gold Session Closed $9.30 Lower… ($1086.70)
Another stellar day for the U.S Dollar continues to keep the Gold
market on the retreat. There has been very little opportunity for
the Gold market to gain any momentum lately due to the strength
of the Dollar since the December 4th unemployment number.
We are aware there has been problems in the [...]
Daly GOLD BLOG 12/18 »
Today’s Gold Session Closed $4.10 Higher… ($1111.50)
Today’s Gold trade saw a late session rally based off technical
support and Geo-political tensions. There is technical support
between $1100.00 and the $1180.00 level helped by vast interest
from the jewelers of India who have expressed their willingness
to purchase bullion at these levels. As the Indian “Wedding Season”
continues (through January) the [...]
Daly Gold Report – 12/18/2009 »
Today’s Gold Session Closed $4.10 Higher… ($1111.50)
Today’s Gold trade saw a late session rally based off technical
support and Geo-political tensions. There is technical support
between $1100.00 and the $1180.00 level helped by vast interest
from the jewelers of India who have expressed their willingness
to purchase bullion at these levels. As the Indian “Wedding Season”
continues (through January) the [...]
