Wednesday, February 21, 2007

Gold Closes Up $23.00 Today !!!!...............

Today's Gold market was BULLISH from start to finish.
The market opened and held the technical PIVOT area and slowly climbed upward early before a HUGE late session rally. The market was strongly aided by a rare late session rally in the Crude oil. (up 150+ at the Gold close)....Key technical points in the Gold were re-visited (666.00
..670.00...675.00.. 680.00....and basically CLEANED OUT stop/loss orders on the way up) and with more news worthy reports out of the Middle-east the investor money once again may have shifted back to Gold.........ABC NEWS REPORTED "U.N. Nuclear Watchdog Prepares Report That Could Trigger Further U.N. Sanctions"...Iran Exports lots of Oil !!
The Gold market has been extremely volatile lately and with SAFE HAVEN and NEW INVESTOR MONEY entering the market..This trend should continue....

THURSDAY REPORTS...JOBLESS CLAIMS....7:30 AM. CST.
EIA GAS STORAGE..9:30 AM. CST.

HIGH.........686.40
LOW..........660.50
CLOSE......684.00...........

The following are my guideline numbers for Thursday 2/22.....APRIL GOLD........

resistance # 2...................703.00
resistance # 1...................693.50
pivot .......677.00
support # 1......................667.50
support # 2......................651.00

TO OPEN AN ACCOUNT.....RATES....CONSULTATION......
CALL..1-888-282-2770..........Email mdaly@manducatrading.com














30 CST.
API/

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