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Browse 4 Gold » Gold and silver daily commentary (June 25, 2010 …

Buy Gold, Buy Gold Coins, Buy Gold Bullion , Buy Gold Jewelry Buy Gold, Buy Gold Coins, Buy Gold Bullion , Buy Gold Jewelry Buy Gold, Buy Gold Coins, Buy Gold Bullion , Buy Gold Jewelry Buy Gold, Buy Gold Coins, Buy Gold Bullion , Buy Gold Jewelry … Gold and silver daily commentary (June 25, 2010) Stock Markets Review Apparently some gold traders are concerned that the upcoming G20 meeting will serve to deflate flight to quality sentiment in the gold market. …

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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 North and South Korea is threatening to become more than words as North Korea severed all ties with Seoul South Korea…. South Korea has formally accused North Korea of sinking on its Naval Ships in March and resulting in the loss of 46 lives ….The South Korean people are demanding United Nations Security Council to enact justice. North Korean leader Kim Jong-Il’s reported that “His troops are combat ready”…. This situation is a powder keg… Usually warring environments send investors to “Safer Haven” markets…primarily Gold. The Middle-east is also experiencing Geo-political conflict as it was reported that Iran and Kurdish troops are clashing along the border…it had been reported that Iranian troops traveled 5 kilo meters inside the Iraqi border. Later…the the Iraqi Kurdish government admitted there was “activity” on the border but denied that Iranians traveled within the Iraqi border. Also reports have confirmed the tensions between Israel and the Palestinians is also at a fever pitch…. Middle -east conflicts especially in Oil producing states also tend to help the price of gold. It was also reported that Iran’s Central Bank will sell 45 Billion Euro’s from its reserves to buy U.S Dollars and gold ingots according to state -owned Press TV. The IMF (International Monetary Fund) reported it had sold 14.4 tons of gold in the open market in April leaving them with 152.8 tons for sale. The physical demand for Gold is still very high. The U. S mint reported record sales last month citing huge demand for 1 ounce Gold coins. Initial Jobless Claims: The number of U.S Workers seeking jobless benefits fell to 453,000 this was a decrease of 10,000 (10,000 more Americans receiving a paycheck) General Motors : TOTAL sales were up 16.6% versus one year ago Thursday’s mid-session we learned that Kansas City FED Boss Thomas M Hoeing stated” the economic recovery Is stronger than expected” and the process of job creation Is taking hold” reported “inflation will rise during the recovery” and added” this is the first step to normal policy which is raising rates”….he hinted rates could be raised by the end of summer this news along with strong resistance over the $1225.00 – 1227.00 levels sent spiraling downward. Anytime you mention rate hikes and the FOMC the “Gold “Bulls” tend to take profits We are experiencing global turmoil and expect the volatility and extreme choppiness to continue feel free to email with Gold trading questions. Mike Daly / Gold Specialist PFG BEST mdaly@pfgbest.com 877-294-4669 312-563-8029 312-775-3014 *THERE IS EXTREME RISK TRADING FUTURES, OPTIONS, and FOREX*

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Gold Prices Today Surge in Morning, Down in Afternoon

Gold traders bid up the price of gold today, reaching almost $1,250 before pulling back in the afternoon. At 1:30 P.M. EST, gold prices stood at $1,227.8.This is attributed to the traders pulling out profits after driving the metal up in morning trading. All of that is just part of normal activity, but doesn’t have much to do with the support or underlying fundamentals of gold, which are

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Flight from Gold after Goldman Sachs (NYSE:GS) News

Gold traders dump the yellow metal on Goldman Sachs fraud chargesIn an illogical move, traders fled gold after the news that Goldman Sachs (NYSE:GS) was charged with fraud by securities regulators.The idea that gold is considered a risk in volatile times doesn’t make sense, but then traders behave in that manner, although gold investors don’t. Gold futures plunged on the news, dropping by over

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Daly Gold Report

Gold Settles $17.00 Higher Today… ($1153.00) Physical demand and technical buying fueled the Gold market today despite a strong U.S Dollar. The continued demand for gold from the jewelers of India has helped support and rally the gold market of late. Considering the expectations of over one million weddings in India over the next seven weeks the demand should remain high. Gold traders also gained confidence after the Bank of Japan announced it would keep its interest rates at 0.1%. This helped to fuel gold’s rally sending it through key technical resistance levels ($1140.00) and touching off STOP-LOSS Orders creating a buying frenzy that rallied the market through the $1150.00 level. This rally most likely shook out me stubborn “BEAR POSITIONS” . The European unions debt crisis is alive and well and Has many investors losing confidence in the EURO and preferring “safer haven” investments such as Gold. The global demand for the yellow metal is the engine driving this rally…. REPORTS: 4/8… EXPORT SALES……………7:30 am (CST) INITIAL JOBLESS CLAIMS..7:30 am (CST) SWING NUMBERS 4/8….JUNE GOLD RESISTANCE # 2…………..$1168.00 RESISTANCE # 1…………..$1161.00 PIVOT………………………..$1147.00 SUPPORT # 1………………$1140.00 SUPPORT # 2………………$1126.00 Mike Daly / Gold Specialist PFG BEST mdaly@pfgbest.com 877-294-4669 312-775-3014 312-563-8029 *There is extreme risk trading futures, options, and forex*

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US Gold Futures Up Slightly

U.S. Gold Futures U.S. gold futures ended the day up a little, as it finished the day on the COMEX at $1,108.20 an ounce, a slight 10 cent increase. Currencies moved very little, giving little indication or guidance for gold. A number of gold traders said the possibility of China monetary tightening could move the gold market going forward. U.S. Gold Futures

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