Precious Metals Market Comments
by Mike Daly, PFGBEST
1-877-294-4669
mdaly@PFGBEST.com
Friday, April 27, 2012 at 1:36 PM
Gold Settled $4.30 Higher … ($1664.80)
Today’s June Gold futures traded a $17.30 range including a new weekly high of $1668.80.
This week the gold market covered a $44.80 trading range that was technical, choppy, and volatile especially Wednesday after the FOMC released their statement…
Today’s [...]
Precious Metals Market Comments
by Mike Daly, PFGBEST
1-877-294-4669
mdaly@PFGBEST.com
Thursday, April 26, 2012 at 2:03 PM
Gold Settled $18.20 Higher … ($1660.50)
Today’s June Gold futures traded a bullish $19.50 range as a weaker U.S Dollar, short covering, and some bargain price buying helped to fuel the rally in the precious metals today.
Once again the Initial Jobless Claims data was [...]
Precious Metals Market Comments
by Mike Daly, PFGBEST
1-877-294-4669
mdaly@PFGBEST.com
Wednesday, April 25, 2012 at 1:54 PM
Gold Settled $1.50 Lower … ($1642.30)
Today’s June Gold futures traded a choppy and volatile $20.70 as FOMC comments once again are not what the “bulls” were looking for. The FOMC released a statement at 11; 30 am cst…
The statement was almost exactly the [...]
Precious Metals Market Comments
by Mike Daly, PFGBEST
1-877-294-4669
mdaly@PFGBEST.com
Tuesday, April 24, 2012 at 2:46 PM
Gold Settled $11.20 Higher … ($1643.80)
Today’s June Gold futures traded a quiet $15.50 range on fairly light volume as traders may be awaiting news statements from the FOMC’s two day meeting which will conclude tomorrow..
The last several times Fed Chairman Ben Bernanke has spoke [...]
Precious Metals Market Comments
by Mike Daly, PFGBEST
1-877-294-4669
mdaly@PFGBEST.com
Friday, April 20, 2012 at 2:21 PM
Gold Settled $1.40 Higher… ($1642.80)
Friday’s June Gold futures traded a very quiet and lackluster $9.60 range as traders may be sidelined as the G20 leaders meet in Washington. Today’s market lacked any type of catalyst capable of moving the market significantly in either [...]
Precious Metals Market Comments
by Mike Daly, PFGBEST
1-877-294-4669
mdaly@PFGBEST.com
Thursday, April 19, 2012 at 2:01 PM
Gold Settled $1.80 Higher … ($1641.40)
Today’s June Gold futures session traded a volatile and choppy $23.70 range.
The June contract traded as low as $1631.20 late in the overnight session (7:10 am CST)
trading its lowest levels in 10 days. However, the market began to [...]
Precious Metals Market Comments
by Mike Daly, PFGBEST
1-877-294-4669
mdaly@PFGBEST.com
Wednesday, April 18, 2012 at 2:18 PM
Gold Settled $11.50 Lower … ($1639.60)
Today’s June Gold futures session covered a very technical and choppy $17.10 range.
The June futures contract traded as high as $1655.20 and as low as $1638.10 as lower Crude Oil prices, European Union uncertainty, and news from Syria [...]
Precious Metals Market Comments
by Mike Daly, PFGBEST
1-877-294-4669
mdaly@PFGBEST.com
Tuesday, April 17, 2012 at 2:21 PM
Gold Settled $1.40 Higher … ($1651.10)
Today’s June Gold futures traded a choppy and volatile $23.40 range.
Tuesday’s trading session traded technically between my second support and first resistance levels as the sessions economic data had traders scrambling to get on the right side [...]
Precious Metals Market Comments
by Mike Daly, PFGBEST
1-877-294-4669
mdaly@PFGBEST.com
Monday, April 16, 2012 at 2:12 PM
Gold Settled $10.50 Lower … ($1649.70)
Today’s June Gold Futures traded a very choppy and technical $17.60 range.
Gold prices dipped as investors and traders concerns intensified over Spain’s ability to keep its finances under control. Investors will be eyeing this week’s bond auction as [...]
Precious Metals Market Comments
by Mike Daly, PFGBEST
1-877-294-4669
mdaly@PFGBEST.com
Friday, April 13, 2012 at 1:51 PM
Gold Settled $20.40 Lower … ($1660.20)
Today’s June Gold futures traded a very choppy and volatile range as traders may have taken profits after 4 strong sessions this week. Gold bugs were very much aware that FOMC Chairman Ben Bernanke was delivering a speech [...]