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 $9.60 Higher …($1148.80)

Today the gold ignored the U.S Dollar’s strength as investors appear to be choosing hard assets primarily Gold and Silver as flight to safer havens. The Greece debt negotiations with the European Union and the International Monetary Fund continue to […]

Gold Settles $9.60 Higher …($1148.80)

Today the gold ignored the U.S Dollar’s strength as investors appear to be choosing hard assets primarily Gold and  Silver as flight to safer havens. The Greece debt negotiations with the European Union and the International Monetary Fund continue […]

Gold Settles $3.40 Higher Today… ($1139.20)

Today’s gold market rebounded from a two session slump as investors were encouraged with new developments from the European Union.  There are indications that Greece is ready to agree to accept the bail-out package from the European Union and […]

Gold Settles $1.10 lower … ($1138.50)

Today’s gold trade had a very nervous feel as Globex traded as low as $1124.30 overnight before rallying almost all the way back and settling at $1138.50. There are several reasons for Gold traders to be a bit skittish. […]

Precious Metals Resiliency Continues

This week has continued where last week left off. After the finance ministers from the European Union announced they had in conjunction with the (IMF) International Monetary Fund had approved a bail-out package in excess 45 billion Euro’s […]

Gold Closes $6.20 Higher Today… ($1159.60)

Today’s Gold traded a very choppy and technical range.The session primarily traded between the pivot and resistance levels most of the day. Stocks, metals ,and the energies all benefited from better than expected corporate earnings […]

World Demand Fuels Precious Metals Rally

Monday, April 12, 2010—Despite the continued U.S. dollar’s strength, it has become very evident the gold market has gained mass appeal for investors worldwide, especially in light of the ongoing European debt crisis. The debt […]

Gold Settles $9.00 Higher … ($1161.90)

The demand for gold bullion continues to drive the market. It was reported that Greece once again had its credit rating dropped today forcing investors into safer havens (tangible assets) primarily gold. There is a sense of urgency […]

World Demand Fuels Precious Metals Rally…

Once again this week provided plenty fuel to extend the recent rally in the precious metals. The debt crisis continues to be the engine that is driving the global economy and has investors heading into […]