Gold Closes at $638.00 For Year End...........

Today's trade was very thin and closed up $ 1.10 at 638.00.
With the death of former President Ford the Gold market will not resume open out cry trading until Wednesday 1/3/07. Today's market saw the U.S Dollar trade lower while Crude oil and Gold rallied for the day. The Gold traded in 3.80 pt. uneventful range .
HIGH....638.30 LOW...634.50 CLOSE....638.00

The following are my guideline numbers for Wednesday 1/3/07 in February Gold.....

resistance# 2..........641.00
resistance # 1..........639.50
pivot....637.00
support # 1..........635.50
support # 2..........633.00

With 4 days in a row without Open out cry....be careful........lots can happen !!!!!!!

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

To OPEN AN ACOUNT...................888-282-2770
TRADE SMART................

HAPPY NEW YEAR TO ALL!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
SEE YA WEDNESDAY...

Gold Closes $6.40 Higher........................

Thursday's Gold session closed $6.40 on the day during very sluggish/thin trading.
The U.S. Dollar is having a tough time holding any sort of Gains as of late. It seems even with better than expected economic news the Dollar still struggles. The Gold community is taking advantage of the weakness in the Dollar and with the increasing tension in the middle-east I believe the Professionals and the FUNDS began buying Gold again.
Another large range for a holiday market..........$9.00 range...........
HIGH.....638.20 LOW....629.20 CLOSE...636.70..........
The following are my guideline numbers for 12/29 Friday....February Gold......

resistance # 2..................643.50
resistance # 1..................640.00
pivot ...........634.50
support # 1...................631.00
support # 2...................625.50


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

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TRADE SMART.................

Gold Closes $6.40 Higher .......................

Gold Closes $3.60 Higher............................

Today's Gold market was very thin (light volume) with the Bulls showing the way once again.
With help from a weak U.S. Dollar today and constant news from the Middle-east the Gold community traded in a $5.50 (pt.) range today and closing $3.60 Higher on the day.
Besides the continued threats from Iran ( for U.S. backing Sanctions ) to cut Oil production, the Israel's have decided to resume pinpoint attacks against Palestinian rocket launching cells in the Gaza Strip. This will end the 1 month old truce.........
The range today...HIGH...632.00 LOW...626.50...CLOSE...630.50..........

The following are my guideline numbers for Thursday 12/28 February Gold......

resistance # 2.............635.00
resistance # 1.............633.00
pivot....629.50
support # 1.............627.00
support # 2.............621.50

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



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Thin Gold Market Rallies $5.20 Higher ...............

Today's Gold session was very strong start to finish. Despite a Higher U.S. Dollar(9+ pts. @ the Gold close and watching the Crude Oil trade 140 pts. Lower (at Gold close) the Gold sector took advantage of a choppy , thin, and low volume trade to rally the market off of fundamental support and threats from Iran to cut Oil Production as a pay back for the U.S backing Sanctions against them. Once again the situation in the middle-east will play a key role in the Gold market and needs to monitored if you trade. The Gold had a very large range for a Holiday market.
HIGH....632.40 LOW....624.70 CLOSE....627.50 $5.20 HIGHER........

The following are my guideline numbers for Wednesday 12/27 February Gold............

resistance # 2....................636.00
resistance # 1....................631.00
pivot .................628.00
support # 1....................623.50
support # 2...................620.00

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

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TRADE SMART..................

Gold $1.40 Higher Today........................

Not much to tell. Today's Gold market traded in a very tight/thin range today.
Despite the U.S. Dollar climbing 40 + pts. Higher and the Crude Oil 20 pts. Lower the Gold held strong and closed $1.40 Higher. This is a typical holiday market.
Very small range...HIGH..623.70 LOW...620.90 CLOSE...623.00.......
Look for a very slow trade next week.
The following are my guideline numbers for Tuesday 12/26 for February Gold.....

resistance # 2 .....................625.50
resistance # 1 .....................624.00
pivot.....................622.50
support # 1 .....................621.00
support # 2 .....................619.50

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


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MERRY CHRISTMAS.....HAPPY HOLIDAY'S



TRADE SMART






















l

Gold $1.90 Higher Today...................

Gold Closes at $621.20...................

The Gold market was very thin (Low Volume) and traded in a choppy small range today.
The U.S. Dollar was a little Higher and I believe today was a year-end profit taking trade for many Gold Traders who will take the rest of the year off. The Gold faded the U.S . Dollar which was slightly Higher on the day and the Gold closed $3.10 Lower.The Gold trade the rest of this year should be very thin and choppy.
Sometimes the best trade you make is the one you do not make! The range today......
HIGH....625.40 LOW....620.60 CLOSE.....621.20

The following are my guideline numbers for 12/22 Friday for February Gold.......................

resistance # 2...................627.50
resistance # 1...................624.50
pivot ...................622.50
support # 1..................619.50
support # 2..................614.50

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


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TRADE SMART ..........................

Gold Closes @ 624.30...................

Today's gold market was indeed choppy and seeking direction.
Trading in a very wide range(11.70...) it started as a technical trade and ended with some profit
taking in anticipation to the reports coming out tomorrow. (GDP.....Export Sales...(7:30am cst.).
The Santa Claus rally in the Stock Market has helped the U.S Dollar and held the Gold back.
With just days til Christmas and estimates that 12% of us have not started our Christmas shopping it appears retailers are going to do very well this Quarter.
However after the Holiday's we have the OPEC production cut to look foward to.
in my opinion the U.s Dollar is going to experience some BIG swings in the upcoming weeks......
Today's HIGH.....633.80 LOW....622.10 CLOSE....624.30

The following are my guideline numbers for 12/21..Thursday.. February Gold............

resistance # 2............637.00
resistance # 1............631.00
pivot........626.50
support # 1............619.00
support # 2............615.00

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


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TRADE SMART...............

PPI Rallies Gold Up 8.00..........................

Today's Gold market reacted to very Bullish (for Gold) PPI Report.
PPI = Producer Price Index. This Program measures the average change over time in the
selling prices received by domestic producers for their output.
The 2% (November) increase made it the Highest PPI since 1974.
The report prompted the selling of the U.S. Dollar and in turn the Buying of the Gold.
Always remember Gold is the anti Dollar. This PPI Report indicated to many traders the threat of inflation is alive and well. The Dollar was over 60 pts. Lower at the Gold close helping the Gold market to settle nearly $8.00 Higher. The demand for physical Gold is still High and with the OPEC Oil production cut looming in February look for the U.S. Dollar to remain under pressure for the short term. Look for Wednesday's market to be choppy in anticipation to
Thursday's... GDP and Export Sales Reports to be made public.(7:30am cst.).
Tuesday's HIGH..626.00 LOW....618.30 CLOSE...626.00

The following are my guideline numbers for 12/20 Wednesday for February Gold............

resistance # 2................631.00
resistance # 1................627.50
pivot........623.00
support # 1.................620.00
support # 2.................615.00

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

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Gold Down .20 Cents Today.......................

A very technical trade today. The market produced a 6.90 pt range during the choppy trading session. The Santa Claus rally in the Stock Market continued today (another new all-time High)
and that certainly didn't hurt the U.S. Dolllar trading Higher (during the Gold trading session).
Traders were trading the numbers today in anticipation of reports coming out tomorrow
(Tuesday 7:30 cst.....PPI........and Housing Starts & Permits) and Thursday (Jobless Claims.....
Export Sales....GDP.....all 7:30 cst.). despite the recent correction in the gold market the demand
for physical Gold from China, India, and the Middle-east is great!
As I said earlier..This was a true technical trade today.......CHECK OUT MY GUIDELINE NUMBERS GOING INTO MONDAY'S TRADE!!!!!!!!!!!!!

MONDAY'S GOLD
HIGH.......621.90
LOW........615.00
CLOSE....618.70..............

The following are my guideline numbers for Tuesday 12/19 for February Gold............

resistance # 2 ..................625.50
resistance # 1 ..................622.00
pivot..................618.50
support # 1..................... 615.00
support # 2......................611.50

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


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Gold Down $11.00 At The Close......................

Friday's Gold market started out choppy and trading within a technical range.
The trade turned very volatile in the afternoon portion when the market could not hold technical support and traded below 625.00. When 625.00 didn't hold it set off stop-loss orders
starting a sell - off frenzy. The U.S. Dollar was very strong (40 pts. HIGHER @ Gold close) and with the recent Santa Claus rally in the Stock Market many traders have pulled monies from Gold and put them in the Stock market and S&P Index. this Gold market Break certainly took a
large portion of Longs out of the market and gave die-hard Bulls another opportunity to Buy.
HIGH...629.00......LOW........617.50........CLOSE.......620.00.......(YIKES)
As of Monday the Holiday markets begin !!!!!!!

Following are my numbers for Monday 12/18 in February Gold..............

resistance # 2.............633.50
resistance # 1.............626.50
pivot......622.00
support # 1................615.00
support # 2................603.50

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

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Small Range...Lower Close.....

Today's Gold market was once again thin and choppy with a small range.
The Crude oil responded to the hints that OPEC would cut oil production in February with a big rally(100pts. @ Gold close). OPEC seemed to show concern for the present weak U.S. Dollar by putting the cut off til February and this caused more support for the Dollar (29 pts. Higher @ Gold close ). This certainly confirms my belief that Gold is following (inversely) the Dollar as opposed to trading together with the Crude oil recently. As we know the Gold is the anti-Dollar
and if the Gold is strong the Dollar is probally weak. The range was only $4.80 today.......
HIGH.......................634.00
LOW........................629.20
CLOSE.....................630.70......................$1.70 LOWER
MY NUMBERS WORKED WELL FOR DAY TRADES......
LOOK FOR CHOPPY TRADING TIL THE FIRST OF THE YEAR !!!

My guideline numbers for 12/15 Friday for February Gold.........................

resistance # 2....................636.50
resistance # 1....................634.00
pivot................631.50
support # 1....................629.00
support # 2....................627.00



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

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TRADE SMART........................

Gold Settles .90 Cents Higher........

Wednesday's Gold trade was once again very choppy and seeking a direction.
The Retail Sales number was better than expected and pushed the U.S. Dollar Higher.
Since the Gold has been reacting closer to the Dollar movement lately more than other indicators it forced the Gold market lower early in the session.
The Gold community seemed to BUY dips and Support levels causing the market to rally.
The Gold trade was very choppy and traded in a technical range.(see my numbers from yesterday) With the demand for physical Gold still High and OPEC meeting (2 am approx. Thursday) Gold traders feel there is more Bullish news than Bearish in the Gold market.
Today's trading range...HIGH...634.80
LOW.....627.50
CLOSE........632.60............

The following are my guideline numbers..12/14 Thursday for February Gold........

resistance # 2.......................638.50
resistance # 1.......................635.50
pivot.....................631.50
support # 1.........................628.00
support # 2.........................624.00

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

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TRADE SMART................................

Trade Balance Supports Dollar.........

Tuesday's Gold market was very choppy and saw many traders standing on the side-lines.
The Trade Balance was Bullish for the U.S. Dollar and therefore slightly Bearish for the Gold.
Many Gold traders believe that there is more positive Gold news than negative in the market.
Today around 1:30 the FOMC will announce any rate change.(This contributed to a thin trading day). We will soon be in a very thin/choppy Holiday market mode...so be very careful.
Small range for Gold lately..HIGH----635.50
LOW-----630.90
CLOSE---631.80. $3.00 Lower on the day....

OPEC MEETS THURSDAY...2 AM.....................................................

My guideline numbers for 12/13 Wednesday for February Gold........

resistance # 2..............637.50
resistance # 1..............635.00
pivot.......633.00
support # 1.................630.50
support # 2................626.00

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

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TRADE SMART..................

Gold Gains $2.90 On The Day................

Monday's Gold Trade began lower and was a market seeking direction.
I believe many traders are sitting on the side-lines awaiting this weeks key reports.
TRADE BALANCE......Tuesday 12/12....7:30 (cst)
FOMC MEETING ......Tuesday 12/12....9:00 (cst)
OPEC MEETING ......Thursday 12/14.. (Meeting in Nigeria....2 am (cst) approx.....
With the U.S Dollar trading 20 Lower (at Gold close) the Gold managed a late session rally and closed $2.90 Higher for the day. The market produced a $7.90 range today.
HIGH.........635.20
LOW..........627.30
CLOSE......634.70............................

My Guideline numbers for Tuesday 12/12

resistance # 2..........639.50
resistance # 1..........634.00
pivot .............632.50
support # 1............. 629.50
support # 2..............625.50

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

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FREE CONSULTATION
RATE DISCUSSION.........CALL.........888-282-2770

TRADE SMART............................

VERY CHOPPY FRIDAY...................

Today's Gold trade was a very choppy market with yet another large range.
It appeared traders were seeking a direction as the market absorbed economic reports.
Early in the session Gold held support levels and rallied $5.00 before reversing and closing $1.20 from it's low's. The market produced a $12.70 range and another sell stop-loss frenzy.
Another rare bullish U.S Dollar market certainly kept the pressure on the Gold.
HIGH............$642.80
LOW.............$ 630.10
CLOSE.........$ 631.30................................

My guideline numbers for Monday 12/11 for February Gold....

resistance # 2......................647.00
resistance # 1......................639.00
pivot...................634.50
support # 1..........................626.50
support # 2..........................621.50

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

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TRADE SMART................

Another Late Session Rally............

Today's Gold trade had another wide choppy range. My belief is that the early drop in the Gold market (traded down to 629.20) was a continuation of FUNDS taking profits due to an early Crude Oil down trend. The gold and the Crude both made drastic rally RUN-UPS late in the day. The Gold rallied from $629.20 to Close $1.10 Higher on the day at $637.00.
I believe FUNDS have been long since 595.00 and simply pulled the profit trigger when the Gold market began to lose ground and trading below technical support levels.
Since we are getting ever closer to a less-volume/more volatility Holiday Markets smart traders took profits. Gold traded in a $8.30 range.........
HIGH..................637.50
LOW...................629.20
CLOSE................637.00.......................$1.10 HIGHER on the day.....

My guideline numbers for Friday 12/08....for February Gold.........

resistance # 2...............642.00
resistance #1................640.00
pivot ................634.50
support # 1..................631.50
support # 2..................626.50


TO OPEN AN ACCOUNT, DISCUSS RATES, FREE CONSULTATION............
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Gold Tanks $12.00 On The Day................

Today's Gold market failed to hold technical support levels causing a top heavy profit taking frenzy. The U.S. Dollar was strong once again today which certainly didn't help the Bulls today.
the market traded in a real choppy manner and in a very wide range.
We are getting closer to the Holiday markets so be very careful and aware that the volume will thin out and that causes more gap trades and adds to the volatility.
HIGH----648.80
LOW---- 635.50
CLOSE---635.90...........$12.00 LOWER......

I'm sure the profit taking sell off triggered loads of STOP LOSS orders and liquidating
many long positions...

Guideline numbers for 12/07 Thursday...in February Gold...................................

resistance # 2.....................653.00
resistance # 1.....................644.50
pivot..................640.00
support # 1.........................631.00
support # 2........................627.00


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


TO OPEN AN ACCOUNT...FREE CONSULTATION... DISCUSS RATES....

OR A FREE OPTION STRATEGIES BOOKLET...CALL 888-282-2770

TRADE SMART..........................................................................

Gold Down $2.90 Today........

Tuesday's gold trade started out higher trading up to 648.00 for the High. (my first resistance was 647.50) After the Non-Manufacturing Index was released at 9:00 (cst) it was viewed as very bullish and pushed the Dow Jones, Stock market, and the U.S Dollar Higher and causing the Gold to drop to 640.50. a late day rally rallied the Gold to a 643.30 close in December.
Today is the last we'll trade December starting tomorrow February will be the our lead month.
After the strong rally in the Dow many are calling it the Santa Claus Rally.(Stocks tend to try to impress at year end) I do not believe the physical Gold demand is close to ending and Santa Claus rally or not the Gold is really showing come-back ability. Considering the Crude was over 150 points lower at one time today the gold held support levels.

The following are my guideline numbers for February Gold.....Wednesday 12/06

resistance # 2............659.00
resistance # 1............654.00
pivot................649.00
support # 1...............644.00
support # 2...............639.00

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

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TRADE SMART......................

Late Rally Helps Gold Close Higher On The Day.......

Monday's Gold market traded within a $7.50 range needing a late rally to close .50 cents Higher on the day. This is impressive when you realize the Crude Oil market was over 90 pts. Lower at the Gold close. According to ABC News " The U.S. Dollar hits a 20 month Low against a basket of currencies" and " On Friday the Institute for Supply of U.S. National Manufacturing in November showed a contraction in the factory sector for the first time in 3 1/2 years.
Despite the Crude Oil plunge today it appears the Gold trading sector believes inflation is on the horizon. Still plenty of demand for physical Gold...
High.................648.00
Low..................640.50
Close................644.20.....................

The following are my guideline numbers for 12/05 Tuesday in December Gold........

resistance # 2................652.00
resistance # 1................647.50
pivot................644.00
support # 1...................640.00
support # 2...................636.00

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

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FOR A FREE CONSULTATION....RATES....OPTION STRATEGIES BOOKLET.....
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TRADE SMART..................

Choppy Trade Gives $2.20 Back..................

Friday's trade was very choppy and traded between my support and resistance levels all day.
Even with the Crude Oil selling off early in the session (reaction to Saudi Oil Minister stating Oil stocks were over-valued) resulting in a a forced profit taking scheme and the continuation of a very weak U.S Dollar....The Gold trading community took profits early without causing any panic sell-off. The market gave back $2.20 from yesterday while trading in a $6.20 range....
HIGH................649.70
LOW.................643.50
CLOSE.............644.70..........................

The following are my guideline numbers for Monday 12/04 for December Gold..................

resistance # 2.........................652.00
resistance # 1.........................648.50
pivot........646.00
support # 1.............................642.00
support # 2.............................640.00


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

TO OPEN AN ACCOUNT-------------------888-282-2770

TRADE SMART.....