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 $3.50 Higher… ($1245.90)

Today's Globex market covered a $12.90 range as it appeared traders were waiting on tomorrow's economic reports as well as Friday's unemployment (7:30 am) data. With the upcoming three day 4th of July weekend approaching […]

Gold Settles $17.60 Lower … ($1238.60)

Once again the Gold experienced a very choppy and volatile mammoth range of ($27.90)… The Gold market has failed to be able significantly trade and hold the $1265.00 – $1275.00 level as this is the […]

Gold Settles $10.30 Higher …($1256.20)

Today's August Globex contract covered another vast and choppy range ($17.90)… The underlying fundamental continues to be the insatiable global demand for bullion as a "safer haven" investment. The Gold has developed its own identity […]

Golden Volatility

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 […]

Gold Settles $5.80 Lower ….($1235.00)

Today's Globex Gold traded a vast $22.00 range today as traders were uncertain of the intentions from the FOMC two day meetings. The FOMC has decided to leave rates unchanged for a extended period. In […]

Gold Settled 10 Cents Higher Today … ($1240.80)

Today’s Globex Gold traded in an $11.00 range today as Traders seemed a bit gun shy after yesterday’s $26 plus sell-off that certainly caught the “bulls” off guard. I believe many traders anticipated a continuation […]

WEEKLY GOLD REPORT

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 […]

Gold Settles $9.60 Higher… ($1258.30)

Today's Gold market notched another new All-time high reaching the $1263.70 level on  the  lobex electronic market. The flight to safer havens from the European Union and the overall  nsatiable global demand for physical bullion […]

WEEKLY GOLD REPORT

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 […]

Gold Settles $3.90 Lower …($123O.50)

Gold Settles $3.90 Lower …($123O.50) Today's Gold trade was very choppy as investors may be side-lined as they await some key economic data tomorrow morning. There was plenty of news from the Euro region and […]

Gold Settles $9.90 Higher Today… ($1234.50)

The Globex Gold market covered a very volatile and choppy $15.90 range as traders continue to choose Gold as their currency of choice. The underlying support continues to come from the overwhelming demand for physical […]

Gold Settles $5.70 Lower Today… ($1224.50)

Today's Globex market traded a vast $18.40 range as global investors continue to decipher economic data. It has been reported that 18 of the 19 industries in the Stoxx Europe 600 Index rose as industrial […]

Gold Settles $8.00 Higher Today… ($1230.10)

Today’s gold trade was very choppy and volatile once again today as the August Globex contract covered a $14.30 range. Gold closed over the $1230.00 level which is technically significant…

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. […]

Gold Settles $15.70 Lower Today… ($1229.90)

The Gold market sold off today as traders took profits technical resistance levels held early and the market felt a bit top-heavy. The Globex exchange covered a $19.50 range as gold tumbled from its all […]

Gold Settles $5.70 Higher Today… ($1246.50)

The rally in the Gold continued today as investors continue to support fundamentally by purchasing physical Gold. The surge has continued as European investors are using their Euro's to purchase bullion as a flight to "safer […]

Today’s Gold Closed $23.10 Higher… ($1240.10)

The gold market produced a n extremely strong rally as the physical demand and flight to “safer havens” fuel futures buying. The rally was extended as very key technical resistance levels $1225,$1230,1235, and $1240) were […]

Gold Settles $7.70 Higher… ($1217.70)

Today’s Globex market covered a $23.60 range as  traders tried to decipher all the news affecting Gold. It appears based on the late session rally that the global investors are choosing gold as their preference. With all the […]

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, […]

Gold Settles $4.30 Lower… ($1222.60)

Today’s Globex Gold market traded in a very technical $13.90 range as the market continued to have a Holiday week feel. I believe the Jobless claims data (tomorrow) may also have some traders side-lined. The […]

Gold Settles $4.30 Lower… ($1222.60)

Today's Globex Gold market traded in a  very technical $13.90 range as the market continued to have a Holiday week feel. I believe the Jobless claims data (tomorrow) may also have some traders side-lined. The […]

Gold Settles $19.00 Higher … ($1226.90)

Although the Globex Gold market covered a $19.00 range today as it continued to have a holiday feel to it. Investors globally apparently continue to choose Gold as their investment of choice as the Geo-political and […]

Gold Settles .60 Cents Higher… ($1215.00)

Today's Gold market produced an impressive late session rally to close on the plus side. During the day session (Globex) covered a range of $13.50 and trading as low as $1203.80. With U.S markets closed […]

Gold Settles .60 Cents Higher… ($1215.00)

Today's Gold market produced an impressive late session rally to close on the plus side. During the day session (Globex) covered a range of $13.50 and trading as low as $1203.80. With U.S markets closed […]

Precious Metals Continue Their Resiliency…

This week in the precious metals has been calm in comparison to the previous week as rising equity markets and a better sense of stability are easing investor tensions. This week has produced quite a […]