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 / open an account...888-282-2770......www.manducatrading.com ................ TRADE SMART !