Monday, July 30, 2007

Gold Closes $4.00 Higher Today............

With the help of stability in the U.S. Equity markets the Gold market rebounded for a $4.00 rally today. The Gold also received help from a lower U.S. Dollar and a late Crude Oil rally. Hopefully the U.S. Stock Market has found some support and the correction is complete.
Tuesday's reports: PERSONAL INCOME 7:30 AM. CST.....U.S. CONSUMER CONFIDENCE 9:00 AM. CST............................The market traded in a $4.40 point range today..............
HIGH......664.10 LOW......659.70 CLOSE.....664.10...............
resistance #2...................667.00
resistance #1...................665.50
pivot ..........................662.50
support.#1........................661.00
support #2........................658.00

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Friday, July 27, 2007

Gold Closes $2.70 lower Today...........

The slide in the Gold market continued today.Reaction from the Stock Market correction once again affected the Gold market. Stock traders continued to transfer gold market profits into their Stock accounts to protect their margins.It will take awhile for the dust to settle. This week is proof positive to confirm trading Gold with stop/loss orders or hedged spread strategies.
The market traded a $10.20 point range today.
HIGH....666.80 LOW.......665.50 CLOSE.........660.20
The U.S. Dollar was 50 + points higher.....Crude Oil...190+ higher at the Gold close............
resistance # 2...........671.00
resistance #1............665.50
pivot...................661.00
support #1.................655.00
support #2.................651.00

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Gold Closes $2.70 lower Today...........


Thursday, July 26, 2007

Gold Trades $11.00 Dollars lower Again !!...............

Today's Gold market closed another $11.00 Dollars Lower today. Despite a very weak U.S. Dollar (29 lower) and a Higher crude Oil market (40 +) at the Gold close the market could not sustain any rallies. once again it is my belief Stock traders are liquidating long Gold positions to cover their margins in their Stock portfolios.After a $40.00 rally over the past month the Gold market has just had a50% correction in two days.I believe it's needed refresh and look at it as an opportunity to re-enter cheaper. A $13.10 point range today......HIGH...673.10 LOW..660.00.....CLOSE....662.80..............................WEAK EARLY VOLUME ADDED TO THE AVALANCHE.....The following are my guide-line numbers for 7/27 Friday..August Gold..
resistance # 2................678.00
resistance # 1................670.00
pivot.............665.00
support # 1.....................657.00
support # 2.....................652.00

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Wednesday, July 25, 2007

Gold Closes $11.00 Lower Today..........

After a weakened Stock Market yesterday it is my belief the many Stock traders took profits in their Gold "safe haven" positions to protect margins in their Stock positions.After all the Gold has rallied from 642.50 on June 27Th to 688.00 on July 24Th ($45.50) and eventually markets correct and take profits. i am still looking for upside (long term) and continue to explore spread opportunities.the U.S. Dollar was 55 points higher today which certainly prevented any Gold rally today.The market traded a $8.00 range today(ALL NEGATIVE).HIGH...679.00 LOW...671.00
CLOSE...673.80..........Several Key Reports tomorrow..Thursday 7/26.............
EXPORT SALES.....JOBLESS CLAIMS....NEW HOME SALES...all 7:30am. CST.
Please check out www.commoditytrader.com I HAVE WRITTEN SEVERAL GOLD ARTICLES... THE FOLLOWING ARE MY GUIDELINE NUMBERS FOR THURSDAY 7/26
IN AUGUST GOLD.........................
resistance #2...............................682.50
resistance #1...............................678.00
pivot.......................674.50
support #1....................................670.00
support #2....................................666.50
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Monday, July 23, 2007

Today's Gold Market Closes $3.20 Lower..........

Today's trade was very choppy and tentative. The market trades down based on a weak Crude Oil market (90 lower at Gold close) and a stronger U.S Dollar today(up 9 at the Gold close).
The Gold sector took some profits in a $5.30 point range. it appears there is heavier option volume entering the market, numerous economic reports Thursday 7/26 may prevent many traders from building on their positions. HIGH....685.80 LOW...680.50 CLOSE..681.5o
I am still looking at spread strategies....The following are my guide-line (SWING) numbers
Tuesday 7/24...AUGUST GOLD..............
resistance #2......690.00
resistance #1......684.50
pivot.....682.50
support #1...........679.50
support #2...........674.00

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I have written several Gold Articles.........................................................

Friday, July 20, 2007

Gold Closes Up $6.60 Today..............

The Gold market played off the weak U.S. Dollar today and broke through some very key technical levels to close $6.60 HIGHER. Fed Reports concerning a high rate of mortgage foreclosures probably was an indicator for the rally.Trading through $685.00 (August)and settling over $680.00 is very Bullish technically. The market traded in a $8.70 range......(MOSTLY UP)
HIGH..............687.00 LOW.......678.30 CLOSE....687.40..............
check out www.commoditytrader.com ..written several Gold articles..............
The following are my guide-line numbers for 7/23...Monday...August Gold..............
resistance # 2.................692.50
resistance # 1................ 689.00
pivot..............683.50
support # 1......................679.50
support # 2......................674.50

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Thursday, July 19, 2007

Late Session Rally causes Gold To Close $4.40 Higher Today............

Today's Gold trade was very tight and technical.the market traded virtually between my pivot and resistance points all day.A weak U.S. Dollar and a higher Crude Oil market certainly helped to support the Gold rally. I believe the reporting of a surge in physical Gold buying (especially in the Middle-east ) has been the catalyst . The market traded in a $5.00 range today............
HIGH 678.50..............LOW 673.50............. CLOSE 678.10...................
Tomorrow being Friday ...we may see some profit taking !!!
the following are my guide-line numbers for Friday 7/20....AUGUST GOLD.................
resistance #2.............681.50
resistance #1.............679.50
pivot.........676.50
support # 1.................673.50
support # 2.................671.50

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Wednesday, July 18, 2007

Gold Closes Up $7.80 Today.............

The Gold market was very strong and rallied off the weakness of the U.S. Dollar.
FOMC Chairman Ben Bernanke reported his concern for the weak housing market which should be a huge concern considering the amount of foreclosures. Also the demand for Physical Gold is way up. The Dollar was 20 points lower and the Crude oil was 80+ points higher at the Gold close. I am still long Bull/Call spreads (added today) and continue to feel that is the best way to trade Gold on a budget.the market traded a $9.00 range and settled $7.80 HIGHER today.
HIGH.....675.30 LOW.....666.30 CLOSE.....673.70...............
The following are reports due out tomorrow 7/19 Thursday....EXPORT SALES / JOBLESS CLAIMS...7:30 AM. CST..........................................................
GUIDE-LINE NUMBERS FOR THURSDAY 7/19...AUGUST GOLD...........................
resistance #2....................................681.00
resistance #1....................................678.00
pivot..............................672.00
support #1.........................................668.50
support #2.........................................663.00

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Tuesday, July 17, 2007

Gold Closed .40 Cents Lower Today..............

Today's Gold market traded in a small tight range today.I believe the Gold community sat back in anticipation of economic reports coming out tomorrow and Thursday.Reports due out tomorrow include Housing Starts & CPI at 7:30am. CST. My belief is as long as Gold closed above $660.00 today it would keep the bullish trend in place. The market trades in a 5.10 Dollar range ...HIGH....668.20 LOW...663.10 CLOSE...665.90....................
The following are my guide-line numbers for 7/17 Wednesday....AUGUST GOLD...........
resistance #2......................671.00
resistance #1......................669.00
pivot.....................666.00
support # 1..........................664.00
support # 2..........................661.00

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Monday, July 16, 2007

Gold Closes Down $1.00 Today................

Today's Gold market was a mixed and choppy trade. The session yielded a $4.50 point trade.
despite a lower U.S. Dollar (4Pt's.) and the Crude Oil 18 points higher the Gold market had trouble holding rallies.PPI report tomorrow 7/17 Tuesday 7:30 am. CST................
HIGH.......669.50 LOW........665.00 CLOSE.....666.30................
The following are my guide-line numbers for 7/17 Tuesday...AUGUST GOLD.............
RESISTANCE #2..............671.50
RESISTANCE #1..............669.00
PIVOT...............667.00
SUPPORT #1....................664.50
SUPPORT #2....................662.50

TO LEARN TO TRADE THESE NUMBERS / OPEN AN ACCOUNT...FULL SERVICE/SELF DIRECT / CONSULTATION / CALL..888-282-2770....MDALY@MANDUCATRADING.COM
WE TRADE THE WORLD..........
TRADE SMART.................

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Friday, July 13, 2007

Gold Close Down $1,00 Today........

Friday's Gold trade was slight profit taking session ,The market was seeking direction and traded in a very technical $5.20 point range.I am long Bull/Call spreads and feel it is the way to trade this market presently.The Crude Oil was over 100 points higher and the U.S.dollar was 5 points lower at the Gold close. Keep an eye on the Middle-east and trade this market with stop / loss or spreads would be my recommendation.
HIGH..........669.70 LOW......664.50 CLOSE.....667.30..................
The following are my guide-line numbers for MONDAY 7/16....AUGUST GOLD.......
resistance # 2................672.00
resistance #1.................669.50
pivot..........667.00
support #1......................664.00
support #2......................662.00

TO LEARN TO TRADE THESE NUMBERS / 888-282-2770

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Wednesday, July 11, 2007

Gold Closed $2.30 Lower Today.................

Today's Gold market was very technical and traded between my support and resistance levels all day. A small$4.70 point range today. despite a weaker Dollar the Gold seemed to stall up around $666.00 and in my opinion traders took some profits the second half of the session.
Some key economic numbers Thursday could possibly make tomorrows' trade very interesting.
Reports 1/12 ...EXPORT SALES / JOBLESS CLAIMS /SUPPLY & DEMAND / TRADE BALANCE....ALL COMING OUT 7/12..THURSDAY...7:30 AM. CST...................................
HIGH...666.10 LOW...661.40 CLOSE...662.10...................................................................
The following are my guide-line numbers for August Gold 7/12...............
resistance #2.................668.00
resistance #1.................664.50
pivot.............663.00
support #1.....................660.00
support #2.................... 658.00
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Tuesday, July 10, 2007

Gold Closes Up $1.90 Today................

The Gold market trended up today trading in a tight %30 point range in anticipation to FOMC Chairman Ben Bernanke"s speech (12:00 pm CST) TODAY.........................
His words certainly were not good news for the U.S Dollar (50 lower at he Gold close).
High..........667.00 LOW...........661.70 CLOSE.........664.40..................
The following are my guide-line numbers for 7/11 AUGUST GOLD............
resistance #2....................670.00
resistance #1....................667.50
pivot..............664.50
support #1.........................662.00
support #2.........................659.00

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Monday, July 09, 2007

Gold Closes $7.70 Higher Today...............

The Gold trades in a $7.20 point range today despite a weak Crude Oil market and only a slightly weaker U.S. Dollar. I attribute most of today's rally to a fundamental follow through from Friday's trade. Friday's Gold market closed above $650.00 and to my way of thinking was BULLISH. Today's trade opened above my pivot area and rallied as high as $665.00.
If the market can rise above the $666.00 and $670.00 levels it will have traded through key resistance area's and return to what I believe a Bullish trend..............
REPORTS: 7/10...WHOLESALE TRADE..9:00 AM. CST...........................
HIGH....665.00 LOW.....657.80 CLOSE....661.90.............
the following are my guide-line numbers for 7/10 Tuesday..AUGUST GOLD.........
resistance # 2................669.00
resistance # 1................665.00
pivot.........661.50
support # 1.....................658.00
support # 2.....................654.50

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Friday, July 06, 2007

Gold Closes Up $4.20 Today..................

Today's Gold trade opened and traded lower early on in the session.
After the U.S. Dollar softened and traded negative it paved the way for the Gold market to rally and close $4.20 higher on the day.Geo-political tensions still high and ABC NEWS reported Goldman Sachs had received threats (in letter form ) from terrorists promising hundreds will die...The gold closed over $650.00 and I believe that is a sign of strength.
The market traded a $9.60 range. HIGH...656.80 LOW...647.20 CLOSE...654.80.............
The following are my guide-line numbers for 7/9 Monday....August Gold.......................
resistance #2...................663.00
resistance #1...................659.00
pivot....................653.00
support #1........................649.00
support #2........................643.00

TO LEARN TO TRADE THESE NUMBERS / FULL SERVICE & SELF DIRECT /
TRADE ALL MARKETS / RATES AND STRATEGIES FOR ALL LEVELS /
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TRADE SMART..............

WWW.COMMODITYTRADER.COM I HAVE WRITTEN SEVERAL ARTICLES...........


Tuesday, July 03, 2007

Gold Closes $3.80 Lower Today............

Today's trade was a typical Holiday market. I believe traders took profits and liquidated positions prior to the 4Th of July Holiday.A stronger U.S.Dollar and weak grain prices certainly contributed to lower Gold today.Thursday expect some volatility withJOBLESS CLAIMS 7:30am. CST. and non-Manufacturing Index 9:00am CST. Today's trade covered a $5:00 range.
HIGH...659.00 LOW...654.00 CLOSE...655.40...............
The following are my guide-line numbers for Thursday 7/5...August Gold..............
resistance # 2............661.00
resistance #1.............658.00
pivot......656.00
support #1..................653.00
support #2..................651.00

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Monday, July 02, 2007

Gold Closes $8.30 HIGHER Today...............

Monday's Gold market traded higher due to a very weak U.S. Dollar (50+ points lower at the Gold close) and Geo-political tensions. Gold is the king of of the precious metals and when investors need to direct monies into a "safe haven" due to Geo-political threats the gold market is the choice. With the recent terrorist bomb attempts this weekend in the United Kingdom and a report from ABC NEWS "AL QEDA is planning a terror spectacular this summer" has investors attention and a scramble to safe haven markets.The market traded a $7.30 point range today..HIGH...661.30 LOW ...654.00 CLOSE...659.20..............
expect a Holiday trade tomorrow....(THIN & CHOPPY).................
The following are my guide-line numbers.........7/3....AUGUST GOLD..........
resistance #2..............665.00
resistance #1..............662.00
pivot....658.00
support # 1..................654.50
support # 2..................651.00
TO LEARN TO SWING TRADE/ CONSULTATION/ FULL SERVICE & SELF DIRECT /
OPEN AN ACCOUNT................888-282-2770 .............312-987-2770
TRADE SMART.....................