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 LEARN TO TRADE THESE NUMBERS............... OPEN AN ACCOUNT / FULL SERVICE / SELF DIRECT FREE TRADING GUIDE / OPTION STRATEGIES BOOKLET CHECK OUT WWW.COMMODITYTRADER.COM (WRITTEN SEVERAL GOLD ARTICLES) I TRADE ALL MARKETS...(GOLD IS MY PASSION) TRADE SMART.................