Thursday, January 18, 2007

Gold Gives Back $5.20 Today........

Thursday's Gold trade was very choppy and volatile today.
The Gold traded in a $10.00 range and reacting to Gold production estimates and Middle-east
rumors that are not documented. The U.S. Dollar was slightly Higher and the Crude oil was getting crushed as of the Gold close. (180 + pts. Lower....LOW ...$50.05)............
Keep an eye on the EXPORT SALES report (FRIDAY 7:30am cst.) .........
It appeared traders in the Gold and the Grain markets may have taken some profits prior to
the Export Sales and the weekend.
HIGH....637.40 LOW....627.40 CLOSE.....628.30
The following are guideline numbers for Friday 1 /19...February Gold............

resistance # 2.........................................641.00
resistance # 1.........................................634.50
pivot....................631.00
support # 1..........................................624.50
support # 2..........................................621.00

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

TO OPEN AN ACCOUNT / DISCUSS RATES / FREE CONSULTATION
CALL 888-282-2770...............

FREE 2007 COMMODITY TRADING GUIDE.................

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