The Bull is back....

Thanks to a weak U.S. Dollar and a steep dip in the Dow Jones the Gold market rallied $17.00 from it's early session lows to a high of $658.80. Not only is Gold the "anti" Dollar it is also considered a "safe haven" for investors during world troubles. The fact that the Middle east situation appears it will get worse before it gets better should help keep the market in a long term bullish trend. Below are my guide - line numbers for Wed. 8/2/06

2nd resist....................670.00
1sr resist.....................665.00

pivot.............................653.50

1st support...................647.70
2nd support..................636.50