This week the Gold has rallied to another all-time high as global investors continue to choose gold as their currency of choice. Savvy investors are seeking tangible assets for long term investment opportunities as they have lost faith and confidence in the fiat currencies. We have once again received mixed news and reports from the […]
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The Volatility Continues
So far this week we have witnessed another all-time high( August Globex) of $1254.50 on Tuesday( June 8th )and low of $1212.10 as the global economic and geo-political uncertainties continue to fuel the market volatility. There is certainly huge physical demand world-wide As savvy investors have lost confidence in the fiat currencies and have apparently […]
Daly Gold Report
Gold Settled $21.50 Lower… ($1193.10) The gold market continued to reflect the uncertainty of investors regarding the latest news coming from the European Union. Yesterday we reported BaFin (Germany’s financial services regulator) had announced it will introduce a temporary plan to ban short selling. The ban will apply to naked short selling and naked credit […]
Daly Gold Report
Gold Settles $14.10 Lower Today… ($1169.20) Today’s Gold market made yet another new 2010 high ($1192.80) prior to an avalanche sell-off mid-session. Gold had been ignoring early U.S Dollar strength and much lower energy prices as it continued to reflect its “safe haven” status as the currency of choice. However, this Gold market has been […]
Daly Gold Report
Gold Settled $8.20 Higher Today… ($1162.20) Today’s gold market traded adversely to its normal indicators. Despite a very strong U.S Dollar, lower energy prices, and a weaker silver market the gold rallied to close $8.20 higher. This rarity can be directly linked to the continued debt crisis occurring in the European Union. Just when we […]
Precious Metals Continue To Hang Tough
This week in the precious metals continues to provide evidence that savvy investors are choosing hard assets as an alternative to fiat currencies. As Greece’s debt crisis negotiations continues to keep the Euro Dollar under siege it has become apparent that the true fiscal crisis is much worse than originally thought. The Greek bonds rallied […]
Daly Gold Report
Today’s Gold Settles $5.80 Lower… ($1105.70) The Gold market continues to react to the direction of the U.S Dollar as traders begin to take profits in advance of the Good Friday /Easter Holiday as well as the Friday Unemployment Data. The Gold traded lower on sluggish volume as many traders begin to prepare for Holiday […]
Golden Volatility
Thus far this week the volatility has continued in the precious metals markets. We have traded a $24.70 range in Gold as investors continue to watch and speculate as Greece’s fiscal crisis continues to fuel the precious metals markets. European Central Bank President Jean-Claude Trichet has advised Greece to take more aggressive fiscal measures saving […]
Weekly Precious Metal Report
So far this week the precious metals have shown extreme resiliency as economic news globally has tested the patience of the most disciplined traders. The recent global economic data has analysts divide and therefore the markets are seeking an indicator and a direction. Much of the news this week has been the European Unions dilemma […]
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Gold Continues To Impress…
This week in Gold covered a $61.00 range but who would have thought it would happen in one day. 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 […]