Volatility Reigns…. Week High….$1218.80 ……7/13 Week Low…..$1185.80……7/16 This week’s Gold market covered a very volatile $33.00 range as the summer dull-drums expose the lack of confidence from investors globally. This week has found Gold trading in a very technical range as lack of buying momentum has forced the bulls to take profits as the high […]
Tag Archives | Mike Daly
A new sheriff in town
So far this week we have experienced a $41.30 range in the August Globex market notching another all-time high of $1266.50 on Monday and trading as low as $1225.20 during the Wednesday session. This volatility is a direct result of the continued uncertainty with the fiscal crisis in the European Union as well as the […]
Gold Continues To Glitter
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 […]
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 […]
The Glimmer Of Gold
So far this week there is an enormous amount of news that could significantly impact the precious metals markets especially Gold. Thankfully there seems to be a bit more stability in the European Union however, the mounting Geo-political tensions and economic data revealed this week has got Gold traders nervous in anticipation. The tension between […]
Daly Gold Report
Gold Settles $15.50 Higher …. ($1215.30) August Gold The European Union’s debt crisis continues to fuel investor demand for gold on a global basis. Investors world-wide appear to using Euro’s to purchase gold as a hedge or “safer haven” to guard against further Euro Dollar weakness. There is sentiment throughout the investment community that the […]
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 […]
Global Uncertainty Fuels Gold Rally
So far this week Gold has covered a $64.80 range with a low of $1184.40 ( Monday 5/10) and a high of $1249.20 (Wednesday 5/12). This latest rally has been fueled by the uncertainty of the debt crisis rescue package implemented in the Euro Region. On Monday (5/10) we learned the European Union and the […]
Gold Soars off European Debt Crisis
Thus far this week has provided plenty of fuel for higher Gold prices as the economic climate in the European Union continues to drive savvy investors out of the traditional “fiat currencies” and in to “safer havens “especially gold as it has a history of performing better than most commodities in times of crisis. It […]
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 […]