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

TO LEARN HOW TO TRADE THESE NUMBERS /RECEIVE FREE RESEARCH / CONSULTATION/ PLATFORMS AND RATES FOR ALL LEVELS OF TRADERS..........
OPEN AN ACCOUNT..............888-282-2770
TRADE SMART

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