Gold Closes Down $9.30 Today.........

Today's Gold trade was very VOLATILE. It became clear the market was following the Crude Oil and disregarding all support levels. The supports held temporarily but onc the market traded through the support levels it was an indication to sell. The U.S Dollar was only moderately Higher and the Crude Oil was over 130 points LOWER at the Gold close.
Technical Chart points show lots of support around $640.00 in June. Bulls I've talked with are pricing CALLS /BULL CALLS/ and INTER MARKET SPREADS in both Gold and Silver.
Three day Holiday (MEMORIAL DAY WEEKEND) markets begin tomorrow with many markets closing early. A very large $10.00 range today.........
HIGH........661.50 LOW......651.50 CLOSE.....653.30............................
The following are my guide-line numbers for June Gold (we'll move into August next week)5/25
resistance # 2................................665.50
resistance # 1................................651.50
pivot........655.50
support # 1....................................649.50
support # 2....................................645.00

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