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DALY GOLD REPORT 2/23
Tuesday, February 23, 2010
by Mike Daly of PFGBest
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Gold Settles $9.90 Lower Today… (1103.20) The Gold and U.S stocks sold off after the Consumer confidence report revealed a huge decrease in confidence and reaching its lowest level since April 2009. Investors use the Consumer confidence and the jobless claims as a gauge to the Stock Market. Investors are convinced the economic rebound will remain a slow process. FOMC Chairman Ben Bernanke is scheduled to testify before Congress (Wednesday & Thursday) and this has investors concerned and side-lined and taking a wait and see attitude. After last Thursday’s discount rate hike many investors have concerns Interest rates may be raised in the near future. A Gallup-poll revealed that 19.9 % (30 Million) of Americans are under employed….
Reports: 2/24 New Home Sales……..9:00 am (CST)
My Swing Numbers 2/24….April Gold RESISTANCE # 2………$1130.00 RESISTANCE # 1………$1116.00 PIVOT…………………..$1108.00 SUPPORT # 1…………..$1094.00 SUPPORT # 2…………..$1086.00 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* 
Recent articles from this author
- The Daly Gold Report(2) - Monday, February 06, 2012
- Weekly Gold Report(7) - Friday, February 03, 2012
- DALY GOLD REPORT 2/2 - Thursday, February 02, 2012
- Daly Gold Report(30) - Thursday, February 02, 2012
- Daly Gold Report(29) - Wednesday, February 01, 2012
About the author
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. Mike Daly
Sr. Precious Metals Analyst
PFGBEST Research Phone: 877.294.4669 or 312-563-8029
Email: mdaly@pfgbest.com 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.
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