Carbon Copy

Thursday Trading Session was about a carbon copy of Wednesday's trade. The Gold rallied almost $ 9.00 for a high and settling $ 8.00 higher for the day session. Once again tha U.S. Dollar was higher, the Crude Oil was negative again, (normally when this happens Gold should be negative) but the United Nations / Iran Standoff has had it's time limit come and go without a resolution. The Iranian President Mahmoud Ahmadinejad remained defiant saying "Iran has the right to pursue nuclear technologies ". As long as this showdown goes on and with the help of the 4th quarter constants (India's Wedding season, Gold wholesalers buying physical for holiday season, and seasonal up trends) Gold could enjoy a nice trend up.............

The following are my guideline numbers for Friday's 9/1 in December Gold... (early close 11:10 CST)


resistance # 2 ...............................640.50
resistance # 1 ...............................636.00
pivot ..............................................631.50
support # 1 ...................................628.00
support # 2 ...................................622.50




resistance = possible opportunity to sell market
support = possible opportunity to buy market
pivot = possible point to determine direction


















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