BIG BULL THURSDAY.........................

Thursday's Bull market is a direct result of a very weak U.S. Dollar due to weak economic reports earlier in the session. Poor New Home Sales numbers and Export Sales seem to suggest
the economy is slowing and talks of inflation are growing. (inflation talk = bullish Gold )
Despite the weak Dollar the Crude took a beating today due to Exxons 3rd quarter earnings report. Since Crude oil averaged about $70 a barrel during the 3rd quarter Exxon reported profits of $10.49 BILLION... I think the Energy traders sent a message to Exxon by taking the Crude Oil from a positive 61.79 down to a negative 60.10 . Only the negative U.S Dollar (talk of inflation) prevented Gold from following the Crude. the gold traded very technically again today(trading between my PIVOT & 1st RESISTANCE) and closed very positive at $599.80........

The following are my guideline numbers for Friday 10/27 in December Gold..................

resistance # 2.............................................609.00
resistance # 1.............................................604.00
pivot .....................................597.00
support # 1.................................................592.00
support # 2.................................................585.00


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

TO OPEN AN ACCOUNT CALL: 888-282-2770
FREE CONSULTATION *****
email mdaly@manducatrading.com

I trade more than just Gold....I trade the World......

Trade Smart*********