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By Mike Daly, Pfg Best |
March 31, 2010
The dollar lost ground today vs. a basket of currencies as physical gold demand continues to rise.
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By Mike Daly, Pfg Best |
March 30, 2010
The gold market continues to react to the direction of the U.S dollar as traders begin to take profits in advance of the Good Friday/Easter Holiday as well as Friday's unemployment report.
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By Mike Daly, Pfg Best |
March 23, 2010
Today's gold trade once again traded between support and resistance levels as the U.S. dollar is still the driving force of this market.
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By Mike Daly, Pfg Best |
March 17, 2010
Gold traded in a technical range, higher off the weakness of the dollar, with many traders sidelined awaiting Thursday's economic data.
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By Mike Daly, Pfg Best |
March 15, 2010
Despite concerns that China is considering further rate cuts, the gold market has shown great resiliency around the $1,100 level.
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By Mike Daly, Pfg Best |
March 11, 2010
So far this week, we have traded a very choppy and volatile $37.50 range.
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By Mike Daly, Pfg Best |
March 10, 2010
Today's gold market traded between support and resistance levels in a very choppy and volatile $25.20 range.
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By Mike Daly, Pfg Best |
March 9, 2010
With gold's inability to trade through $1,136 resistance, it may be sending a sell signal to the market.
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By Mike Daly, Pfg Best |
March 5, 2010
Gold found a lot of bullish news today, not the least of which was news that the Bank of Japan may actually lower interest rates.
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By Mike Daly, Pfg Best |
March 4, 2010
Thus far this week, volatility has continued in the precious metals markets. It's not likely to subside soon.