Daly Gold Report

MOVING!

noreply@blogger.com (Jamey) — Wed, 02 Jul 2008 15:39:00 +0000

Daly Gold and Sean Lusk have moved to TradeHugger.com please update your bookmarks!

SEAN LUSK ENERGY REPORT

noreply@blogger.com (daly gold report) — Tue, 01 Jul 2008 18:45:00 +0000

Energy Prices have fallen from their highs in the session to around $141.00 a barrel at the close. Some profit taking from funds and speculators contributed to the sell-off. The market did hold 140.00 a barrel which is a bullish signal after many attempts late in the day to breakthrough it. Traders have many things to beware of this week. First off the World Petroleum Congress meeting in Madrid this week runs through Thursday. OPEC's President and Secretary General along with Oil Ministers from Nigeria, Russia, and Venezuela will be there. Also executives from BP, Exxon Mobil, and BP Shell will be in attendance also. You can bet they all will say prices are too high but until they can come together and raise production to somewhat meet strong world demand, nothing fundamentally will change unfortunately. Tomorrow the Department of Energy will release the crude and gasoline inventories at 9:35CST. My Guesstimates will call for a build of crude oil of a quarter million barrels and the same build for gasoline. Look for a slight build in distillates also. Because of the short holiday week look for traders not wanting to be stuck short the market over the 4th holiday weekend. Traders are also watching the verbal shouting match between Israel and Iran over Irans nuclear ambitions. This more than anything has traders on edge and definitely favors the bulls.
High 14333 Low 13995 Close 14105
Resistance #2 144.82
Resistance#1 142.93
Pivot 141.44
Support#1 139.55
Support#2 138.06

Trade Smart and open an Account Today with Sean Lusk: 888-299-1351

GOLD CLOSES $16.20 HIGHER TODAY........

noreply@blogger.com (daly gold report) — Tue, 01 Jul 2008 17:57:00 +0000

The Gold rallied strong today ....taking out key resistance levels due to news that tensions between Israel and Iran escalated over Iran's nuclear threats. Any type of tension in the Middle-east will cause the Price of Crude oil and Gold traders to react. Usually to the UPSIDE.
Investors Buy Crude in anticipation of a cut in production and they Buy gold in anticipation of a Weaker U.S. Dollar and as a SAFE HAVEN...The U.S Dollar____DOWN 19 at the Gold close.
HIGH.....948.50 LOW....932.50 CLOSE.....944.50.......
THE FOLLOWING ARE MY GUIDE-LINE NUMBERS 7/1 AUGUST GOLD.......
RESISTANCE #2................958.00
RESISTANCE #1................951.50
PIVOT...................................942.00
SUPPORT #1..................... 935.50
SUPPORT #2.......................926.00

TRADE SMART..........OPEN AN ACCOUNT TODAY....888-282-2770...

GOLD SETTLES $3.00 LOWER TODAY.....

noreply@blogger.com (daly gold report) — Mon, 30 Jun 2008 17:50:00 +0000

Today's Gold trading session was very choppy and very technical.
I believe this scenario will continue until the Crude Oil market volatility is more manageable.
Both the metal markets and the energy markets have had huge volatile ranges.
The Gold traded within 50 cents of my resistance numbers today.(before tanking)......
HIGH...934.00 LOW...920.50 CLOSE...928.30.......
IF YOU LIKE VOLATILIY....THIS IS THE MARKET FOR YOU............
THE FOLLOWING ARE MY GUIDE-LINE NUMBERS FOR TUESDAY 7/1.........
RESISTANCE #2...942.00
RESISTANCE #1...935.50
PIVOT......................928.00
SUPPORT #1.........922.00
SUPPORT #2.........914.00
AUGUST GOLD....................................

TRADE SMART / OPEN AN ACCOUNT WITH ME...888-282-2770
MDALY@MANDUCATRADING.COM
LETS TALK GOLD !!!!!!!!!!!!!!!!!!!!

TODAY'S GOLD MARKET CLOSES UP $16.20..

noreply@blogger.com (daly gold report) — Fri, 27 Jun 2008 18:16:00 +0000

REMINDER, I'm moving my blog to Gold.TradeHugger.com, come on by!

Today's gold trade was a continuation on yesterday's rally.
The Gold has been trading off the record high's in the Crude oil market.
The weakness in the U.S Dollar is directly due to the strength in the Crude oil.
Gold is anti- Dollar ...this is as simple as it gets.
HIGH....931.80......LOW......920.50.........CLOSE......931.30....
The following are my guide-line numbers for Mondy 6/30..........August Gold......

RESISTANCE #2...........................940.00
RESISTANCE #1...........................934.50
PIVOT...................................927.50
SUPPORT #1.................................923.20
SUPPORT #2.................................916.00

TRADE SMART............888-282-2770

GOLD REBOUNDS $4.40 HIGHER TODAY......

noreply@blogger.com (daly gold report) — Tue, 24 Jun 2008 18:21:00 +0000

I've started blogging on a NEW SITE, please update your bookmarks to Gold.TradeHugger.com

Go to Gold.TradeHugger.com NOW.

AFTER AN AVALANCHE SELL-OFF YESTERDAY THE GOLD MARKET REBOUNDED ON VERY VOLATILE TRADING. WITH TTHE FOMC MEETING TODAY QAND AGAIN TOMORROW IT APPEARS TRADERS ARE A BIT TENTATIVE TO HOLD POSITIONS.
THE WEAKNESS IN THE U.S. DOLLAR STARTED THE MOMENTUM HIGHER IN THE GOLD MARKET. AS A SEASONED TRADER I HAVE SEEN MY SHARE OF WILD MARKETS.HOWEVER THIS CRUDE OIL MARKET IS NOT FOR THE FAINT OF HEART AND IS DIRECTLY AFFECTING THE GOLD MARKET(ESPECIALLY TO THE DOWN-SIDE).
THIS IS WHY I AM TRADING CALL/PUT SPREADS AND USING STOP-LOSS ORDERS WHILE DAY TRADING TO LIMIT RISK. THE TRADING RANGES HAVE BEEN HUGE THE PAST FEW MONTHS AND I EXPECT IT TO CONTINUE UNTIL THE HOUSING SECTOR AND THE ECONOMY SHOW SIGNS OF IMPROVEMENT. U.S $___23 LOWER......
HIGH...896.00 LOW...885.10 CLOSE...891.60.....

RESISTANCE.#2.......901.00
RESISTANCE #1.......895.00
PIVOT..........890.00
SUPPORT #1.............884.00
SUPPORT #2.............879.00

TRADE SMART / OPEN AN ACCOUNT TODAY....888-282-2770

MDALY@MANDUCATRADING.COM

SEAN LUSK ENERGY REPORT......

noreply@blogger.com (daly gold report) — Mon, 23 Jun 2008 18:47:00 +0000

As I write on the close the August Crude Oil has traded back above 136.00 a barrel. The market continues to advance, consolidate and advance again. It is but a matter of time until new highs are made again. The Saudi Government said it would increase production by 200,000 barrels a day bringing production to 9.7 million barrels a day next month. This is the third month in a row that the Saudis that the Saudis have raised production and each time time the market has ignored this limp response. The problem is the Saudi Crude is sour crude, its customers however need sweet crude which is low sulpher crude oil. The sweet crude is found in the form of Brent Crude from the North Sea and WTI from Texas and Oklahoma. After shrugging off the lows this morning as the dollar tanked the crude oil summarily rallied past 136.00 reaching a high just over 138.00 before pulling back to around 136.50 at the close.
HIGH 138.14 LOW 134.05 CLOSE 136.40

RESISTANCE#2 140.28
RESISTANCE#1 138.33
PIVOT 136.19
SUPPORT#1 134.24
SUPPORT#2 132.10

SEAN LUSK
SENIOR BROKER
MANDUCA TRADING
slusk@manducatrading.com

GOLD CLOSES $16.50 LOWER TODAY.......

noreply@blogger.com (daly gold report) — Mon, 23 Jun 2008 17:52:00 +0000

TODAY'S GOLD MARKET REACTED OFF EARLY DOLLAR STRENGTH AND CAUSED A $20.00 + SELL-OFF. NEWS OUT OF SAUDI ARABIA STATING AN INCREASE IN OIL PRODUCTION GAVE THE U.S. DOLLAR EARLY STRENGH. HOWEVER AFTER CRUDE OIL TRADERS DETERMINED THE INCREASE IN PRODUCTION WAS NOT ENOUGH TO MEET DEMAND AND RALLIED 200 + IT HELPED PULL THE GOLD OFF IT'S LOWS AND SETTLE $16.50 LOWER ON THE DAY. REPORTS: FOMC MEETING.....CONSUMER CONFIDENCE 9:00 AM. CST......HIGH...903.00.....LOW....879.00...CLOSE...887.00......
RESISTANCE #2..............913.00
RESISTANCE#1...............900.00
PIVOT.................................889.50
SUPPORT#1.....................876.00
SUPPORT#2.....................865.50

TRADE SMART / TRADE WITH ME...
OPEN AN ACCOUNT TODAY....888-282-2770....................

MDALY@MANDUCATRADING.COM

GOLD TRADES $7.10 HIGHER TODAY.......

noreply@blogger.com (daly gold report) — Fri, 02 May 2008 18:54:00 +0000

TODAY SAW THE CRUDE OIL, GOLD, AND THE U.S. DOLLAR ALL TRADING ON THE POSITIVE SIDE. WE ARE CERTAINLY TRADING IN A NEW ERA. IF TRADERS CAN NOT ADAPT QUICKLY IN THESE MARKETS THEIR FUTURES WILL BE BLEEK.
MOST TRADERS USE CERTAIN INDICATORS TO TRADE...LATELY NOTHING MAKES ANY SENSE. MAKE SURE YOU USE TIGHT STOPS AND TAKE MONEY IT'S THERE.
HIGH...860.50 LOW...846.50 CLOSE...858.00...............
SWING NUMBERS FOR MONDAY 5/5..............
RESISTANCE #2.......................868.00
RESISTANCE #1.......................862.50
PIVOT......................854.50
SUPPORT #1.............................848,50
SUPPORT #2.............................840.00
TRADE SMART.....OPEN ACCOUNT WITH ME...888-282-2770

GOLD TRADES $14.50 LOWER TODAY...........

noreply@blogger.com (daly gold report) — Thu, 01 May 2008 17:53:00 +0000

THE AVALANCHE SELL-OFFF CONTINUED TODAY.
GOLD WAS ACTUALL $14.00 DOLLARS HIGHER OVERNIGHT.
WITH THE CONTINUED STRENGTH OF THE DOLLAR AND THE FALLING CRUDE OIL PRICES THE GOLD MARKEY HAS RE-TRACED $180 DOLLARS IN LESS THAN A MONTH.(YIKES)... THESE MARKETS ARE NOT FOR THE FAINT OF HEART. THERE APPEARS TO BE LOTTLE RHYME AND REASON. WHAT IS DIFFERENT IN THE ECONOMY,CREDIT MARKET, AND MORTGAGE SECTORS FROM 1 MONTH AGO?
HIGH...865.50...LOW...848.50 ...CLOSE...850.60..................
REPORTS: UNEMPLOYMENT...7:30 AM CST...
SWING NUMBERS FOR 5/2...........................................
RESISTANCE #2.............872.00
RESISTANCE #1.............861.50
PIVOT.......................855.00
SUPPORT #1...................844.50
SUPPORT #2...................833.00.............
TRADE SMART...OPEN AN ACCOUNT TODAY....888-282-2770

GOLD TRADES $11.70 LOWER TODAY.......

noreply@blogger.com (daly gold report) — Wed, 30 Apr 2008 18:52:00 +0000

DURING A VERY CHOPPY TRADING SESSION IT APPEARED MANY TRADERS SAT ON THE SIDE-LINES TODAY AWAITING WORD FROM THE FOMC. THE DAY SESSION CLOSED $11.70 LOWER, BUT AT 1:15 CST. THE FOMC REPORTED ANOTHER 1/4 POINT RATE CUT CAUSING THE GOLD TO RALLY HARD AND POSITIVE AT THIS PUBLICATION. I HAD THOGHT THEY WOULD CUT 1/2 POINT AFTER A "THIS SHOULD BE THE LAST CUT "/ MISSION ACCOMPLISHED DEMEANOR.AS I HAVE STATED THE ECONOMY CAN NOT BE QUICK FIXED....IT WILL RUN IT'S COURSE.......THIS TRADE HAS BEEN AS CLEAR AS MUD! FOR A SPREADER / SWING TRADER LIKE MYSELF YOU LOOK FOR CERTAIN TECHNICAL POINTS TO ALIGN BEFORE ENTERING THE MARKET.
AFTER THE THE DAY SESSION I WANTED TO BUY GOLD....HOWEVER THE CRUDE OIL WAS AN AVALANCHE SELL AND THE GOLD WAS STEADILY RISING.....
THEY ARE BOTH :ANTI" DOLLAR....IF I HAVE LEARNED ANYTHING IN THE PAST FEW WEEKS...."DO NOT IGNORE THE CRUDE OIL SELL-OFFS" THE GOLD HAS BEEN BREAKING HARD WITH THE CRUDE. EXCEPT TODAY AFTER THE CLOSE.................
HIGH...................877.50 LOW.............864.70 CLOSE.....865.10..............
MY SWING NUMBERS FOR MAY 1............
RESISTANCE #2...........................882.00
RESISTANCE #1...........................873.50
PIVOT........................869.00...........
SUPPORT #1................................860.50
SUPPORT #2................................856.00
TRADE SMART....OPEN AN ACCOUNT WITH ME.....888-282-2770

WE WILL GET THEM TOMORROW !!!!!!!!!!

GOLD TRADES $18.70 LOWER TODAY...

noreply@blogger.com (daly gold report) — Tue, 29 Apr 2008 17:54:00 +0000

TODAY'S GOLD TRADE WAS VERY CHOPPY AND VOLATILE.
REACTING TO A AVALANCHE SELL OFF / PROFIT TAKING TRADE IN THE CRUDE OIL THE GOLD MARKET CONTINUED TO TAKE YHE STEAM OUT OF THE BULLS SAILS.
WITH THE FOMC MEETINGS TODAY AND AGAIN TOMORROW IT APPEARED TRADERS WERE LIQUIDATING POSITIONS IN EXPECTATIONSC OF A RATE CUT.
HERE IN ILLINOIS PROPERTY VALUES ARE DOWN 8 1/2 percent from 12 months ago.
FORECLOSURE RATES ARE UP 54% FROM 12 MONTHS AGO.
NOTHING HAS CHANGED...YET THE POSSIBLE SELLING OF GOLD BY THE FED TO BOOST THE DOLLAR HAS SPOOKED THE GOLD TRADING COMMUNITY.
EVEN WARREN BUFFET SAYS"WE ARE IN A RECESSION"..........
REPORTS: FOMC AGAIN TOMORROW....GDP..7:30AM CST...............................
HIGH...895.80 LOW...873.80 CLOSE...876.80........
SWING NUMBERS FOR 4/30...........................
RESISTANCE #2.................................904.0O
RESISTANCE #1.................................890.00
PIVOT....................................................882.00
SUPPORT # 1.....................................868.00
SUPPORT # 2....................................860.00
TRADE SMART.......OPEN AN ACCOUNT TODAY...........888-282-2770

GOLD CLOSES UP $5.80 TODAY...........

noreply@blogger.com (daly gold report) — Mon, 28 Apr 2008 18:15:00 +0000

TODAY'S DAY SESSION WAS HIGHER DUE TO STRONG CRUDE OIL MARKET (pipeline issues in Scotland) AND A WEAK DOLLAR TODAY. THE FOMC MEETS TOMORROW & WEDNESDAY AND MANY TRADERS ANTICIPATE A FURTHER RATE CUT.(Bearish Dollar)..
The market traded between my swing numbers today and was a very technical trade.
HIGH...898.00 LOW...890.50 CLOSE...895.50................
THE FOLLOWING ARE MY SWING NUMBERS FOR JYNE GOLD.........
RESISTANCE #2......................902.50
RESISTANCE #1......................892.00
PIVOT......................................895.00
SUPPORT #1............................899.50
SUPPORT #2............................884.50
TRADE SMART.....OPEN AN ACCOUNT WITH ME TODAY...888-282-2770
...............................................................................

GOLD CLOSES UP .30 CENTS TODAY.........

noreply@blogger.com (daly gold report) — Fri, 25 Apr 2008 17:49:00 +0000

TODAY'S GOLD TRADE WAS TRULY AMAZING. THE NIGHT SESSION PUSHED GOLD DOWN TO $880.00 (MY SUPPORT WAS $880.50) BEFORE PUSHING IT AS HIGH AS $898.70 IN THE DAY SESSION. THE SETTLEMENT WILL SHOW JUNE GOLD GAINING 30 CENTS ON THE DAY, HOWEVER I FEEL LIKE IT WAS A HUGEV UP DAY.WITH THE FOMC MEETING NEXT WEEK MANY TRADERS YHERE WILL BE YET ANOTHER RATE CUT (1/4...1/2 POINT)....THE GOLD HAS BEEN TRADING LIKE A WOUNDED DUCK...VERY TENTATIVE/ CHOPPY / AND EXTREMELY VOLATILE...LOTS OF SMALL TRADERS GOT CRUSHED THIS PAST FEW WEEKS.THIS OFTEN HAPPENS DURING CORRECTIONS /OVER-BOUGHT MARKETS.....HOWEVER, WITH THE CRUDE OIL TRADING OVER $120.00, COMMODITIES UP ACROSS THE BOARD, AND A VERY WEAK HOUSING & LABOR SECTOR....PEOPLE SHOULD BE INVESTING IN SAFE HAVEN INVESTMENT (NONE BETTER THAN GOLD)...........................................
HIGH...898.70.......LOW...885.50........CLOSE......889.70.......
MY SWING NUMBERS FOR MONDAY...
RESISTANCE #2............................................904.00
RESISTANCE #1............................................896.50
PIVOT...........................................891.00
SUPPORT #1...................................................883.00
SUPPORT #2...................................................878.00

TRADE SMART......OPEN AN ACCOUNT TODAY......888-282-2770
FREE RESEARCH TO MY CLIENTS..............................
I

GOLD CLOSES $19.60 LOWER TODAY........

noreply@blogger.com (daly gold report) — Thu, 24 Apr 2008 19:28:00 +0000

THE BEARS CONTINUE TO RUN WILD IN THE GOLD MARKET....(YIKES)....
THE CORRECTION CONTINUED TODAY WITH THE HELP OF STRONG ECONOMIC NUMBERS.(THUS DAY 2 OF THE STRONG DOLLAR)....IF WE HAVE LEARNED ONE THING OVER THE PAST YEAR..."GOLD IS VERY RESILIENT" AND THE ECONOMY "NOT SO GOOD"....LOTS OF NEWS TOMORROW....AND THE FOMC MEETING NEXT WEEK.....
REPORTS TOMORROW..JOBLESS CLAIMS & EXPORT SALES...7:30 AM. CST...ALSO
NEW HOME SALES 9:00 CST.AM...........
HIGH...907.50 LOW...885.30 CLOSE...889.40.......
MY SWING NUMBERS FOR FRIDAY 4/25..................
RESISTANCE #2..............925.00
RESISTANCE#1...............903.00
PIVOT..................................894.00
SUPPORT #1....................880.50
SUPPORT #2....................872.00
TRADE SMART......CALL TODAY TO OPEN AN ACCOUNT.......888-282-2770......

GOLD TRADES $16.70 LOWER........

noreply@blogger.com (daly gold report) — Wed, 23 Apr 2008 17:55:00 +0000

ANOTHER TRADING SESSION THAT WAS AS CLEAR AS MUD. CRUDE OIL TRADES ON ALL- TIME HIGH'S AND GOLD BREAKS BELOW $900.00 DOLLARS BRIEFLY. ANYONE WHO BELIEVES WE ARE NOT IN AN ECONOMIC RECESSION MAY BE SHORT SIGHTED.
POOR HOUSING SECTOR, UNEMPLOYMENT, AND HIGHER COMMODITY PRICES ACROSS THE BOARD!!! WE ARE CERTAINLY IN UN-CHARTERED ECONOMICWATERS...
HIGH...925.70.....LOW...899.20.......908.60.....................
REPORTS...4/24........EXPORT SALES & JOBLESS CLAIMS...7:30 AM CST.....
SWING NUMBERS FOR 4/24............
RESISTANCE #2.........................925.70
RESISTANCE #1.........................923.00
PIVOT.....................911.00
SUPPORT #1...............................896.00
SUPPORT #2...............................885.00..............
TRADE SMART..................OPEN AN ACCOUNT TODAY....888-282-2770

GOLD CLOSE UP $16.30 TODAY.........

noreply@blogger.com (daly gold report) — Wed, 16 Apr 2008 18:22:00 +0000

Today's Gold trade was one-side to the upside.
After rallying $9.00 + Dollars over night the Bulls took it $18.00 + higher before a $948.30 settlement.As I said yesterday the ECONOMIC climate is going to run it's course.
More Economic Reports tomorrow 4/17...EXPORT SALES & JOBLESS CXLAIMS 7:30AM. CST......HIGH...952.20 LOW...942.00 CLOSE...948.30........................
MY SWING NUMBERS FOR 4/17...JUNE GOLD....
RESISTANCE #2.............957.00
RESISTANCE #1.............953.00
PIVOT.........................947.50
SUPPORT #1....................943.00
SUPPORT #2....................937.00

TRADE SMART.......OPEN AN ACCOUNT WITH ME TODAY...888-282-2770

GOLD CLOSES UP $3.30 TODAY......

noreply@blogger.com (daly gold report) — Tue, 15 Apr 2008 19:44:00 +0000

In anticipation of future economic numbers this week the trade in the Gold market has been very CHOPPY and VOLATILE and has shown difficulty holding rallies.
I am still BULLISH long term and beleive the CREDIT / HOUSING / and JOBLESS rate are still a real problem that is not going away anytime soon.
HIGH...939.80 LOW...930,00 CLOSE...932.00............
TOMORROW'S REPORTS......CPI /HOUSING STARTS......7:30AM. CST......
SWING NUMBERS FOR 4/16............
RESISTANCE #2...............944.00
RESISTANCE #1...............938.00
PIVOT......................934.00
SUPPORT #........................928.00
SUPPORT #........................924.00..............................
TRADE SMART........888-282-2770.........OPEN AN ACCOUNT TODAY...888-282-2770

GOLD CLOSES $5.80 LOWER TODAY................

noreply@blogger.com (daly gold report) — Thu, 10 Apr 2008 17:49:00 +0000

TRADING WITHIN A HUGE $14.59 DOLLAR RANGE....THE GOLD FOLLOWED THE MID-MORNING CRUDE OIL SELL-OFF / PROFIT TAKE AND CLOSED CLOSE TO THE MIDDLE OF THE RANGE.HIGH...939.50 LOW...925.00 CLOSE...931.70.............
THE FOLLOWING ARE MY SWING NUMBERS FOR 4/11..........
RESISTANCE #2...................946.00
RESISTANCE #1...................939.00
PIVOT.................932.00
SUPPORT #1.........................924.50
SUPPORT #2.........................918.00...........
TRADE SMART..........OPEN AN ACCOUNT TODAY....CALL 8888-282-2770............

GOLD CLOSE UP $13.60 TODAY.............

noreply@blogger.com (daly gold report) — Mon, 07 Apr 2008 19:57:00 +0000

Today's Gold trade was on the strong side from start to finish. I wanted to buy June Gold around $915.00 today...But I did not get the chance in the day session. This gold trade has certainly become "THE THUNDER DOME" "2 MEN ENTER ONE MAN LEAVES".........yikes!!!!!!!!!!!
There has been ample opportunity to make money (on both sidescof the market)...However Gold traders are very aware of the virgin territory we are trading and lack of technical history.
This is why I believe we are seeing such huge ranges......TRADERS LACK CONFIDENCE HOLDING POSITIONS IN UN_FAMILAR TRADING AREA'S.......................
HIGH...933.00 LOW...916.80 CLOSE...926.80...............................
SWING NUMBERS FOR 4/8.....JUNE GOLD.............
RESISTANCE #2...............................941.00
RESISTANCE #1...............................933.00
PIVOT......................925.00
SUPPORT #1....................................917.00
SUPPORT #2....................................909.00............
TRADE SMART.....CALL ME....888-282-2770

GOLD CLOSES $3.60 HIGHER TODAY......

noreply@blogger.com (daly gold report) — Fri, 04 Apr 2008 17:50:00 +0000

The Gold trade was very choppy and despite a 200 + higher trade in the Crude Oil today the Gold community could not rally or sustain rallies until the last few minutes of the day session....
LOTS OF KEY NUMBERS NEXT WEEK!.....THE THINKING OF THE FOMC LATELY HAS MADE TRADING GOLD..."AS CLEAR AS MUD".............................
HIGH...914.00 LOW...903.50 CLOSE...913.20......................
MY SWING NUMBERS FOR 4/7/08......JUNE GOLD................
RESISTANCE #2....................927.00
RESISTANCE #1....................916.50
PIVOT.......................................910.00
SUPPORT #1..........................906.00
SUPPORT #2..........................900.00
TRADE SMART....OPEN AN ACCOUNT WITH ME....CALL 888-282-2770

GOLD CLOSES $17.50 LOWER TODAY.............

noreply@blogger.com (daly gold report) — Fri, 28 Mar 2008 18:10:00 +0000

Another very volatile trade in the Gold market today.
The climate in the world is full of tension. The Middle-east fighting is heating up, The North Koreans are shootin rockets into the ocean again,and the U.S. economy is on a slippery slope just to name a few. These for the most part should al be bullish for GOLD.
However the FED continues to inject cash into these Credit markets ...giving short term benefits to the U.S. Dollar. Consider this...Over the last 7 months the Gold has rallied over $350.00...
This housing sector fiasco has been coming for along time. There is no quick fix!!! The economy will get worse before it gets better in my opinion...
HIGH...950.00 LOW...929.00 CLOSE...936.50.............
SWING NUMBERS FOR MONDAY....3/31....JUNE GOLD..........
RESISTANCE #2..............959.00
RESISTANCE #1..............948.00
PIVOT..........938.50
SUPPORT #1....................927.00
SUPPORT #2.....................918.00

TRADE SMART.............OPEN AN ACCOUNT....888-282-2770..............

GOLD CLOSES.20 CENTS LOWER TODAY.....

noreply@blogger.com (daly gold report) — Thu, 27 Mar 2008 18:11:00 +0000

Mixed trade closes .20 cents lower today. The signals were as clear as MUD today.
Personal income report tomorrow 7:30 am. CST...........
As of tomorrow will switch to trading the June contract......
I will be on CFRA 580 radio Canada...tomorrow Friday 1:30 EST> (INTERNET)..............
JUNE GOLD...HIGH...954.50 LOW..946.00 CLOSE..954.00..............
SWING NUMBERS FOR FRIDAY 3/28......JUNE GOLD............
RESISTANCE #2................................960.00
RESISTANCE #1................................957.00
PIVOT...........................951.50
SUPPORT #1.....................................948.50
SUPPORT #2.....................................943.00...........................
TRADE SMART....................OPEN AN ACCOUNT TODAY...888-282-2770

GOLD CLOSES UP $14.20 TODAY.........

noreply@blogger.com (daly gold report) — Wed, 26 Mar 2008 17:54:00 +0000

More weak economic news sent the U.S. Dollar LOWER (70 pts. at the Gold close) aiding a strong rally in both the Gold and energy markets today. More Economic numbers tomorrow 3/26 including...EXPORT SALES.....GDP...JOBLESS CLAIMS....7:30 AM. cst...............
HIGH...952.50 LOW...940.90 CLOSE...949.40....................
SWING NUMBERS FOR 3/27.....APRIL GOLD............
RESISTANCE #2...............................959.00
RESISTANCE #1...............................954.00
PIVOT..............................947.50
SUPPORT #1......................................942.50
SUPPORT #2......................................936.00
TRADE SMART..........OPEN AN ACCOUNT TODAY...888-282-2770...........

GOLD CLOSES UP $16.80 TODAY............

noreply@blogger.com (daly gold report) — Tue, 25 Mar 2008 17:49:00 +0000

Today's Gold trade rebounded strongly today with the help of a weak Consumer Confidence number. The U.S . Dollar took a beating today (Down 80 pts. at the Gold close)..........
Another key economic number tomorrow...NEW HOUSING SALES...9:00 AM. cst................
HIGH...937.00 LOW...926.00 CLOSE...935.50................
SWING NUMBERS FOR WEDNESDAY 3/26....APRIL GOLD..........
RESISTANCE #2..................944.00
RESISTANCE #1..................940.00
PIVOT.......................933.00
SUPPORT #1........................929.00
SUPPORT #2........................922.00......................
BE CAREFUL.TRADE SMART..............CALL ME.888-282-2770