Friday, June 29, 2007

Gold Closes Up .50 Cents Today............

The Gold market traded higher most of the session before traders took profits in the last hour.
I believe many traders will be taking an extended weekend due to shortened trading sessions in many markets and an exchange Holiday Wednesday July 4Th .The U. S Dollar was 40+ points lower and the Crude Oil was 100+ points higher at the Gold close. The Gold traded a $6.30 point range today. HIGH..655.00 ...LOW...648.70... CLOSE...650.90.......................
REPORT: 7/2 Monday...Manufacturing Index 9:00 am, (CST)..........................
The following are my guide-line numbers for Monday 7/2...AUGUST GOLD.....
resistance #2...................658.00
resistance #1...................654.50
pivot........651.50
support #1........................648.00
support #2........................645.00
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Thursday, June 28, 2007

Gold Closes Up $5.60 Today...............

Today's trade was cautious due to the FOMC meeting today.the market opened and drifted between a $4.30 point range all session. the Gold market traded above $650.00 today and caused a short cover rally up to 652.30 before settling at 650.40.The U.S Dollar was 4 points lower while the Crude Oil was 80+ higher at the Gold close. Reports: Tomorrow Friday 6/29..PERSONAL INCOME (7:30am.CST) HIGH..652.30..LOW...648.00..CLOSE...650.40...
The following are my guide-line numbers for 6/29...AUGUST GOLD............
resistance #2....................654.50
resistance #1....................652.00
pivot........650.00
support #1.........................647.50
support #2.........................645.50
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Wednesday, June 27, 2007

Gold Closes .50 Cents Lower Today..........

In anticipation of key Economic reports and the final day of the FOMC meeting looming tomorrow my belief is many traders are sitting on the side-lines today.The Gold trade was very choppy and traded off the movement of the U.S Dollar today. A volatile $4.60 point range today.
Key Reports for Thursday 6/28 :..EXPORT SALES...GDP...JOBLESS CLAIMS...(7:30 am CST.) FOMC MEETING (9:00am. CST)....
HIGH....647.50....LOW.....642.90 ....CLOSE....644.80...............
U.S. Dollar up 2 points and Crude Oil up 100+ points at the Gold close................
The following are my guide-line numbers for 6/28...AUGUST GOLD............
resistance #2.................649.50
resistance # 1................647.00
pivot......645.00
support #1......................642.50
support #2......................640.00

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Tuesday, June 26, 2007

Gold Closes $9.40 Lower Today...........

Another down day in the Gold market. It appears they are trying to shake loose all the stubborn bulls. The Gold market has not been able to sustain any type of rallies due to the chase for high yields in the Treasury Instruments and a weak Crude Oil market. Many peoples portfolio's are liquidating Precious Metal positions to cover margin calls in Stock Positions.Markets in general always seem to re-fresh themselves and this is certainly happening in the Gold market. two numbers coming out tomorrow (1) ADVANCE DURABLE GOODS (7:30am.CST).......
(2) FOMC MEETING.(9:00 am. CST)...$9.00 range today....HIGH..651.80 LOW..642.80..CLOSE..645.30....The U.S Dollar was 3 lower while Crude Oil was over 100 points lower at the Gold close.....The following are my guide-line numbers for 6/27..August.....
resistance #2..........656.00
resistance # 1........651.00
pivot..........647.00
support #1..............642.00
support #2..............638.00

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Gold Closes $9.40


Friday, June 22, 2007

Gold Closes $2.80 Higher Today...........

The Gold market ended the week on a BULLISH note and closed $2.80 Higher today.
Much of the down-side in the Gold lately is due to a very strong U.S. Dollar. However today the Dollar tumbled 30+ points lower.(at the Gold close).....A very cautious $5.50 point trading range today....HIGH....659.50 LOW....654.00 CLOSE....657.00.............The Gold is holding technical support levels !! The following are my guide-line numbers for Monday 6/25..AUGUST...
resistance #2..........663.50
resistance #1..........660.00
pivot..........657.00
support #1.............. 654.50
support #2...............651.50

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Thursday, June 21, 2007

The Gold Market Closed $5.80 Today..........

The Gold market reacted to a very STRONG U.S. Dollar and closed $5.80 Lower.
Most of the move was technical and chased long positions into liquidation.basically many traders had their STOP/LOSS orders executed today. Wide range today ..($9.00) points...
Nothing extremely Bearish in the market just technical and very cautious trading.
Most long time traders feel long term Gold will trade much higher,but until the Gold gets the economic/Geo-political news needed the pit traders will rue the trade.
HIGH..659.50 LOW..650.50 CLOSE..654.20.........
The following are my guide-line numbers for AUGUST GOLD...6/22..............
resistance #2................664.00
resistance #1................659.50
pivot......655.00
support #1.....................650.50
support #2.....................646.00

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Wednesday, June 20, 2007

6/20 blog tyoo headline should be $4.70 LOWER


TYPO-----TYPO----- 6/20*************


Gold Closes 44.70 Lower Today..............

Today's Gold trade was choppy and traded on the negative side most of the day.
Despite a weak U.S. Dollar (4 lower @ Gold close) Gold was trading off the very weak Crude Oil market(130+ lower @ Gold close) during the day session. the Gold community also chose to ignore reports of a possible STRIKE between South African trade Unions and Gold Producers.
I believe the HIGH YIELDS in the Treasury Instruments are hurting the Gold trade presently.
Fund monies have been moving between Gold and the Treasuries.
As bearish as the Crude Oil was today I am impressed that the Gold market held my 1st support level. Normally Gold and Crude (BOTH ANTI DOLLAR) will react off the same scenarios and when Crude drops a 100 + points in a single trading session it is not unusual for Gold to be much more than $4.70 points Lower. Be very careful tomorrow .....2 key economic reports will be revealed at 7:30am. (CST)...JOBLESS CLAIMS.......EXPORT SALES.................
The market traded a $5.40 point range today....
HIGH...665.00 LOW...659.60 CLOSE...660.00........................
The following are my guide-line numbers for Thursday 6/21...AUGUST GOLD ********
resistance # 2.........666.50
resistance # 1.........663.50
pivot....661.50
support #1...............658.00
support #2...............656.50......
Learn to trade these numbers / free consultation / free research for my clients /
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Gold Closes $4.70


Tuesday, June 19, 2007

Gold Closes Up $4.80 Today............

Today's Gold trade was text book. The crude Oil was higher (40+ at Gold close) the U.S Dollar was lower(16 points at the Gold close) due to a decline in the U.S.housing was a real bull signal for the Gold trading community.The Gold held my support level today and made a run toward my resistance level late. A $8.50 point range today....HIGH..665.80 LOW..657.30 CLOSE..664.70..
Middle-east tension certainly needs to be watched when trading Gold and the Energies and it appears everyday brings a new situation that grabs my attention. Wednesday will reveal the API /EIA ENERGY STOCKS...(9:30 AM. CST.)........BE CAREFUL!
The following are guide-line numbers for Wednesday 6/19 AUGUST GOLD..............
resistance #2.........................671.00
resistance #1.........................668.00
pivot..............................662.50
support #1..............................659.00
support #2..............................654.00
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RATES AND PLATFORMS FOR ALL TRADING LEVELS / TO OPEN AN ACCOUNT.....
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Monday, June 18, 2007

Gold Closes Up $1.20 Today......

Today's market was very choppy and in search of a direction. Thanks to weaker U.S Dollar and a strong Crude Oil market the Gold closed higher for the third straight day. The Dollar was 12 points lower and the Crude oil was 70+ higher at the Gold close. Small $4.50 point range today.
HIGH...662.50 LOW...658.00 CLOSE...659.90.......
REPORTS : Tuesday 7:30 am. (CST)...HOUSING STARTS..............
It appeared the traders were waiting in anticipation to the Housing Starts number...
The following are my guide-line numbers for Tuesday 6/19..August Gold.....
resistance # 2................670.50
resistance # 1................662.00
pivot.........660.00
support # 1....................657.00
support # 2....................655.00

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RATES & PLATFORMS FOR ALL LEVELS / OPEN AN ACCOUNT /
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Friday, June 15, 2007

Gold Closes Up $2.80 Higher Today.....

Today's Gold market closed higher due to a very weak U.S. Dollar today.(30+ Lower at Gold close). The weaker Dollar was a the result of a poor CPI report. AP reports " Consumer prices shot up at the fastest pace in 20 months in may fueled by a surge in gas prices". Some key numbers early next week (Tue..6/17..housing starts) could be very interesting. The market had a $5.50 today...HIGH...659.50 LOW...654.00 CLOSE...658.70......
Two Up days in a row...the BULLS are happy today. The Geo-political climate is heating up with reports of Hamas defeating Fatah opposition and controlling Palestine.
The following are my guide-line numbers for 6/18...August Gold..............
resistance # 2...................663.00
resistance # 1...................661.00
pivot..............657.50
support # 1.......................655.50
support # 2......................652.00

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0

Gold Closes Up $2.80 Today.....

Thursday, June 14, 2007

Gold Closes Up $3.20 Today...........

Today's Gold trade was very technical and reacted off a strong Crude Oil market and mounting tensions in the Middle-east.The market traded between my support and resistance levels today. The Gold Bulls were very happy to see the market sustain a rally and close positive. Despite another up day in the U.S. Dollar the Gold the Gold community closed $3.20 higher today. Gold traded a $7.60 range today. HIGH..657.80 LOW..650.20..CLOSE..655.70...
Reports for 6/15...CPI & REAL EARNINGS 7:30 am (CST)........
The following are my guide-line numbers for 6/15..AUGUST GOLD..............
resistance # 2............662.00
resistance # 1............659.00
pivot......654.50
support # 1................651.00
support # 2................647.00

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

Wednesday, June 13, 2007

Gold Closes .40 Cents Lower Today...............

Today's Gold session was very choppy and looking for a direction. Despite a very strong Crude Oil (80+at Gold close) the Gold traded off a very strong U.S. Dollar (19 Higher at Gold close) and big Treasury Instrument yields . The Treasury Instruments are not only taking monies from the Gold markets it is also instrumental in keeping the Gold market from rallying.
it appears this market is struggling to hold any rallies. The gold will certainly need economic/Geo-political help to sustain rallies. A $6.90 point range...............
HIGH...656.20 LOW...649.30 CLOSE..652.70................................
REPORTS FOR 6/14....ALL 7:30 am. (CST).............
EXPORT SALES........JOBLESS CLAIMS.....PPI.......................
The following are my guide-line numbers for 6/14 Thursday.....August Gold..............
resistance # 2...........660.00
resistance # 1...........657.00
pivot............653.00
support # 1.............. 650.00
support # 2...............646.00

TO LEARN HOW TO TRADE THESE NUMBERS / RATES & PLATFORMS / CONSULTATION / RESEARCH /OPEN AN ACCOUNT...888-282-2770
TRADE SMART...................

Tuesday, June 12, 2007

Gold Close $5.90 Lower Today...............

Today's trading session was a reaction to a stronger U.s. Dollar and a slide in the Stock Indices.
The Gold has a rough few weeks and much of the monies Fund traders designate for trading Gold has been transferred into U.S. Treasury Instruments due to higher Yields.
Despite Geo-political tensions and South African Gold production the market is having trouble with upside follow through. It certainly needs volume and strong bullish news before it can hold rallies. A $6.00 range today. HIGH..656.00 Low..650.00 CLOSE..653.10.................
REPORTS...BUSINESS INVENTORIES & RETAIL SALES..6/13 7:30am. (CST).....
The following are my guide-line numbers for August Gold 6/13.....
resistance #2........................659.00
resistance #1........................656.00
pivot..................653.00
support #1...........................650.00
support #2...........................647.00
TO LEARN TO TRADE THESE NUMBERS/RATES & PLATFORMS /CONSULTATION /
DISCUSS STRATEGIES/ OR TO OPEN AN ACCOUNT...888-282-2770
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Monday, June 11, 2007

Gold Closes Up $8.70 Today..............

The Gold market stopped it's skid today . The market opened higher and fed off some Geo-political news to close $8.70 higher for the day. Gold reacted to reports from ABC NEWS.
(1).Iran says" OPEC has no plans to increase oil supplies". (SUPPLY vs. DEMAND)....
(2)."Israel launches a super spy satellite with eyes on Iran "
Israel has labeled Iran as it's most serious strategic threat.............
The Gold had a $5.40 point range today...The U.S. Dollar was 3+ higher and the Crude Oil was over 100 points higher as of the Gold close...............................
HIGH...659.20 LOW....653.80 CLOSE....659.00
The following are guide-line numbers for August Gold 6/12.............
resistance # 2...................663.00
resistance # 1...................661.00
pivot.......657.50
support # 1......................656.00
support # 2.....................652.00..........

TO LEARN HOW TO TRADE THESE NUMBERS /TRADING STRATEGIES /
PLATFORMS & RATES / CONSULTATION /.........OR TO OPEN AN ACCOUNT /
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Friday, June 08, 2007

Gold Closes $14.90 Lower Today..............

Today's Gold trade was a continuation of yesterday's sell-off. The market could not hold support levels and was touching off stop/loss orders causing the avalanche to continue. All seasoned traders realize the market corrects, retraces, and refreshes itself especially when a market has lacked direction . the last two weeks prior to yesterday and today the gold trade was very lackluster and traded in very tight ranges. However the last two trading sessions have gotten every bodies attention. The market had a $12.70 range today. When the Gold could not rally off the Gold production cut in South Africa that was an indication the Gold market was in for a correction. The Gold market is certainly alive and well and a bull market always attracts more public interest. However monies that were in the Gold in January have since transferred to other markets since losing confidence in the Gold's ability to trade above $700.00.
HIGH..............661.20 LOW....648.50 CLOSE...650.30.....
The following are guide-line numbers for Monday 6/11 AUGUST GOLD.......
resistance # 2...............666.00
resistance # 1...............657.50
pivot...............653.00
support # 1...................645.00
support # 2...................640.00

LEARN TO TRADE THESE NUMBERS / CONSULTATION / RATES & PLATFORMS /
OPEN AN ACCOUNT 888-282-2770................

I WOULD LIKE TO THANK ............WALTER TRAVERSY & PINA BERNARDI
FROM CFRA 580 AM (CANADA RADIO) ..FOR THE OPPORTUNITY.....
YOU GUYS ARE THE BEST !!!!!

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

Thursday, June 07, 2007

Gold Closes $9.40 Lower Today...........

Despite reports of a South African Gold production cut the market could not rally and began to see-off in the wake of an AP Report. The AP reported "rumors the Fed is expected to be less inclined to cut rates"gave confidence to a weak U.S. Dollar and boosted it up 40+ points today (at the gold close). The gold could not hold the $674.00 area pivot and dropped like a stone the last half of the day. The sell off caused stop/loss orders to be EXECUTED (filled) and started a
race to cut loss'. A big $13.00 range today. (mostly down)......................
HIGH...675.50 LOW...662.50 CLOSE....665.20.................
the following are my guideline numbers for Friday 6/8...August Gold..............
resistance # 2..................681.00
resistance # 1...................673.50
pivot.........668.00
support # 1.......................660.50
support # 2.......................655.00

LEARN TO TRADE THESE NUMBERS / CONSULTATION / PLATFORMS & RATES
FOR ALL TRADING LEVELS.......OPEN AN ACCOUNT-888-282-2770

WILL BE ON CFRA 580 RADIO...(CANADA) FRIDAY 1:15 (CST) STREAMING LIVE ON THE INTERNET...............With ..Walter Traversy and Pina Bernardi......

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

Wednesday, June 06, 2007

Gold Closes Down .50 Cents Today............

Today's trade was very thin and CHOPPY and trades in a technical $6.70 point range.
I believe many traders were waiting for tomorrows economic reports before positioning themselves in the market. The U.S. Dollar fell off late and was 1-2 points lower at the Gold close.
The Crude Oil was over 35 points Higher at the time Gold closed.
Tomorrow Thursday 6/7 the following reports will be released:
EXPORT SALES..7:30 AM. JOBLESS CLAIMS..7:30 AM. WHOLESALE TRADE..9:00 AM.
(ALL TIMES ARE CST.)............CAREFUL !!!
HIGH....677.00 LOW....670.30 CLOSE....674.60......................
The following are my guide-line numbers for August Gold....Thursday..6/6
resistance # 2......................680.50
resistance # 1......................678.00
pivot........674.00
support # 1..........................671.00
support # 2..........................667.00

TO LEARN HOW TO TRADE THESE SWING NUMBERS/ CONSULTATION/
PLATFORMS & RATES / OR TO OPEN AN ACCOUNT..888-282-2770
TRADE SMART !!!

......................................................................................................................................................

Tuesday, June 05, 2007

Gold Closes $1.20 Lower Today............

Today's trade was kind of on the thin and certainly choppy side.
The market traded between my support and resistance levels today.
I am of the belief traders are waiting for the Thursday economic reports before choosing a direction. despite a very weak U.S. Dollar (FOMC CHAIRMAN " sluggish economy for next few months") the Gold seemed to bridge the gap between a 16 point lower Dollar and a 50+POINT lower Crude Oil market. A $4.60 point range today..................................
HIGH.....678.80 LOW...674.20 CLOSE...675.10...................
CHECK OUT www.commoditytrader.com ..........written several articles..........
The following are my guide-line numbers 6/6 August Gold..................
resistance #2...680.50
resistance #1...678.00
pivot...676.00
support #1......672.50
support #2......671.00...........................
FREE CONSULTATION / CHECK PLATFORMS & RATES/
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TRADE SMART.......................

Monday, June 04, 2007

Gold Closes .60 Cents Lower Today..............

Despite a very weak U.S. Dollar (26 points lower at Gold close) and a very strong Crude Oil market (up 80+ points at Gold close) the Gold market traded between my pivot and 1st resistance point all session long. it appeared the traders were looking for news to guide the market. only a $5.30 point range today. HIGH...679.50 LOW...674.80 CLOSE...676.30....
Lots of reports on Thursday...maybe traders are waiting til then........................
The following are my guide-line numbers for 6/5..Tuesday...AUGUST GOLD..................
resistance #2.................682.50
resistance #1.................679.00
pivot................677.00
support # 1...................674.00
support # 2...................671.50................................
Learn how to trade these numbers !!!
FREE CONSULTATION/ CHECK RATES/PLATFORMS/
CHECK OUT www.commoditytrader.com ..........written several Gold reports.....
open an account..........888-282-2770............
TRADE SMART.......................................

Friday, June 01, 2007

Gold Closes UP $10.20 Today...................

Today's trading session was a "Running of the Bulls". The market opened above technical pivot points and blew through support levels thus touching off stop-loss orders and adding fuel to the rally. The U.S Dollar was only slightly Higher while the Crude Oil was over 110 Pt's. Higher at the Gold close. The Gold traded within a $8.80 point range today. HIGH..677.30 LOW..668.50 Close..676.90......$10.20 HIGHER !!! CHECK OUT www.commoditytrader.com I have several articles on their web-site. the following are my guide-line numbers for Monday 6/4..August Gold.....
resistance # 2.................683.00
resistance # 1.................679.50
pivot...........674.00
support # 1.....................671.00
support # 2.....................665.00

TO LEARN HOW TO TRADE THESE SWING NUMBERS/CONSULTATIONS/RATES/PLATFORMS/STRATEGIES...ETC...
TO OPEN AN ACCOUNT---888-282-2770

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