DALY GOLD REPORT 2/22
Monday, February 22, 2010
by Mike Daly of PFGBest
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Gold Settles $9.00 Lower Today… ($1113.10) The opinions in the Gold market remain mixed as traders watch the U.S Dollar to seek direction. The Globex contract traded as high as $1131.50 early in the session but could not sustain that gain as the mid to late session U.S. Dollar surge pressured the Gold sending it $9.00 lower on the day. Technically the $1125.00 level is very pivotal and the Bulls are seeking a close over that level to change the trend from sideways to bullish. The Bears are looking for a close below $1110.00. As a gold trader you should be trading off the U.S Dollar as everything coming out of Europe seems to left to interpretation.
REPORTS: 2/23 Consumer Confidence……7:30 am (CST) My Swing Numbers 2/23….April Gold RESISTANCE # 2………..$1139.00 RESISTANCE # 1………..$1126.00 PIVOT …………………….$1118.00 SUPPORT # 1……………$1105.00 SUPPORT # 2……………$1097.00 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
- WEEKLY GOLD REPORT 7/30 - Friday, July 30, 2010
- DALY BLOG 7/29 - Thursday, July 29, 2010
- DALY GOLD REPORT 7/28 - Wednesday, July 28, 2010
- Daly Gold Report 7/27 - Tuesday, July 27, 2010
- DALY GOLD BLOG 7/26 - Monday, July 26, 2010
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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