Weak dollar Helps Gold Rally...........

Today's trading session traded steady to lower after the opening,but soon took advantage of a weak Dollar and a strong positive Crude oil trading session(during Gold session).
Local Traders believe the vastly higher grain prices during the last month may spark the rumors of pending inflation. (inflation = higher Gold prices ) With OPEC threatening to cut oil production by 1 million barrels a day after 9/31/06 and the threat of continued hostilities with North Korea it certainly is keeping the bears at bay.

581.50 was a good resistance level to day trade today..........( my first resistance = 581.50 )


The following are my guideline numbers for 10/13 Friday in December Gold................

resistance # 2................................588.00
resistance # 1................................583.50
pivot ..............................................579.00
support # 1 ...................................575.00
support # 2 ...................................570.00

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


TO OPEN AN ACCOUNT-------1-888-282-2770
FREE one on one consultation........

Trade Smart..........................