Mike Daly

Mike Daly joined PFGBEST Research in 2009 with more than 25 years of experience as a gold trader and market specialist. He was a floor trader at the Chicago Mercantile Exchange, Chicago Board of Trade and Chicago Board Options Exchange for the first two decades. He joined the renowned gold brokerage J. Aron in 1979 and served as a senior gold broker and market analyst for four years, and then continued another two years there after J. Aron was acquired by Goldman Sachs in 1982. He was charged with keeping vast spread markets in line and was a global gold market maker for the firm. From there he continued as a licensed independent broker on the CME floor in the S&P 500 stock index futures trading pit while also monitoring and trading gold markets. He joined Alaron Trading Corp. in 2007 as a senior broker then came on board PFGBEST through the acquisition of the customer assets of Alaron in spring of 2009. Mike is regularly quoted in broadcast and print media venues and is widely available to share his precious metals and trading background, knowledge and experience as an interview source, educator and spokesperson. PFGBEST is among the largest non-clearing U.S. Futures Commission Merchants, with customers, affiliates and brokerage offices in more than 80 countries. The company is a leader in sustainable investing through diversified products including managed funds, futures, forex, options, full-service and discount brokerage, trader education, market research, and direct online futures trading through its BESTDirect® platform, and numerous other platforms and applications.

Gold Settles $4.00 Higher Today… ($1235.40)

HIGH….$1239.50  LOW…$1229.50 Today's Gold session traded a choppy $10.00 range as poor economic data rallied the market to  seven week high's before $1240.00 selling resistance stalled the "bull run".

Gold Settles $3.10 Higher… ($1231.40)

Today's Gold session traded a very choppy $15.50 range as traders entered and exited gold in correlation with the huge market swings in the U.S Dollar… Normally a weak U.S dollar is bullish for Gold […]

Gold Settles $2.10 Higher … ($2.10)

Today's Gold session covered a very quiet $6.80 range while trading between the pivot and resistance levels Gold took advantage of a weaker U.S Dollar and  a late session Crude oil  rally to close higher […]

Gold settled $9.60 Higher… ($1226.20)

Thanks in part to a weaker U.S Dollar the Gold market closed $9.60 higher for the session. The rally today dismantled the $1220.00 -$1225.00 key resistance levels which has been the top of summer – […]

Weekly High …$1219.80 Weekly Low…$1192.50

This week the Gold market produced a very choppy trading range of $27.30 as investors had a vast array of economic data to decipher. The FOMC left interest rates unchanged however; they left the possibility […]

Gold Settles $17.50 Higher… ($1216.70)

Today’s Gold session produced a $17.50 gain fueled by poor economic data and investor uncertainty. Today the U.S Department of Labor released data showing the Initial Jobless Claims rose by 2,000 to 484,000…

Gold Settles $4.60 Lower …($1198.00)

Today's Gold trade covered a very choppy $11.60 range as traders awaited news from the FOMC.

Gold Settles $2.70 Lower… ($1202.60)

Today’s Gold market experienced its first down day since August 28th as a stronger U.S. Dollar helped nudge traders into profit taking. In my estimation many traders visualized more rally momentum based off Friday’s disappointing […]

Gold Settles $3.40 Higher… ($1199.30)

Today's Gold session covered a choppy $10.80 range as traders prepare for tomorrow's unemployment data due to be released at 7:30 am (CST). Today's Initial Jobless Claims unexpectedly rose to a three month high of […]

Gold Settles $8.40 Higher … ($1195.90)

Today's Gold session covered a very choppy $18.50 range as nervous investors may be buying Gold in anticipation of what could likely prove to be a disappointing unemployment number due out Friday 6th at 7:30 […]

Gold Settles $2.10 Higher…( $1187.50)

Today's Gold market traded in a quiet $11.40 range as it remains range bound between $1160.00 and $1200.00.Gold traders received some promising news today as the People's  Bank of China had released a statement stating […]

Gold Settles $1.40 Higher… ($1185.40)

Today's Gold traded a very choppy and volatile $17.20 range before settling higher on the session. There has been renewed interest for physical bullion Investors globally are choosing Gold as "safer haven' investment as an alternative […]

Resiliency and Volatility Reign…

This week the December Globex market covered a $39.10 range as global investors waffle over the world economic climate. During this week it became apparent that the gold market had crept into technical over-sold status […]

December Gold Settles $8.80 Higher …($1168.00)

Today's Gold trade covered a sluggish $10.40 range. It appeared that many traders were side-lined after the Initial Jobless Claims (457,000 better than the 460,000 that was projected) as traders positioned themselves for the upcoming […]

Gold Settles $25.10 Lower …($1158.00)

Today's Gold market broke through the $1170.00 support level and traded its lowest level ($1156.90) on the Globex exchange since May 5th. The market lost early gains as U.S economic reports favored the U.S dollar […]

Gold Settles $4.70 Lower Today…($1183.10)

The Gold market remains in a technical channel In search of news that will lend momentum either to the upside or downside. We are certainly in the summer dull drums as global investors seek a […]

Weekly Gold Report

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 […]

Gold Settles $6.50 Lower… ($1207.00)

Today’s Gold traded another volatile and wide range ($15.70) as the market is in search of some market moving fundamentals to give traders direction. The gold market has been locked in a technical trading range […]

Gold Settles $14.80 Higher … ($1213.50)

Today’s gold traded covered a vast $22.30 range as a weaker U.S Dollar and stronger Crude oil prices helped to fuel the $14.80 gain for the yellow metal. News from the Euro Region started the […]

Gold Settles $11.10 Lower… ($1198.70)

Once again today's gold market covered a vast range ($17.40) and traded in a very technical manner. The global demand for physical gold remains high however, the recent sell-off in the gold market may suggest […]

Gold Settles $13.50 Higher… ($1209.80)

Today’s Gold trade covered a $19.50 range as the market rallied from early losses to post a gain of $13.70. the market remains skittish as traders are uncertain on how to decipher the recent economic […]

The Gold Continues To Waffle Around $1200.00…

After three full trading sessions in the books the Gold Market has traded a $30.10 range with a high of $1215.10 on Monday and a low of $1185.00 recorded Wednesday. So far this week’s market […]

Today's Gold Settled at $1195.10….Another Down Day….

The Globex Gold trade during the day session covered a robust $25.60 range as once again gold struggled to maintain early session gains. It appears that the lack of buy momentum, and technical resistance, have […]

Gold Settles $1.00 Higher Today… ($1207.70)

Today's Gold traded in a very subdued range as traders got a jump on the three day Holiday weekend. The August Globex market traded a $15.20 range and managed to close $1.00 higher on the […]

Pre-Holiday Weekend Sell-Off….

Wow !!!  This week has provided a lot of volatility and  an extremely large range so far. On Monday we trading as high as $1263.70 and as of this posting we traded as low as […]