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

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

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