Gold Closes Up $8.00 Today......................

The Gold market got a boost today from President Bush and the FOMC Chairman Ben Bernanke who both expressed their willingness to "ACT AS NEEDED" concerning the Mortgage and Credit sectors woes which have caused huge volatility in the markets the past month. I believe this news was exactly what the Gold trading community needed to hear. The Gold market traded in a $3.40 Dollar range today with most of the rally occurring in the over night market.The Gold traded through $680.00 and threatened the $685.00 level before a little profit taking caused it to settle at 681.90.The U.S Dollar was getting crushed early before it's come back to UNCHANGED at the Gold close. Crude Oil was 80+ HIGHER at the Gold close. HIGH.....683.90 LOW....680.50 CLOSE....681.90........................ REPORTS.......Tuesday 9/4......CONSTRUCTION SPENDING 9:00am. CST. SWING NUMBERS FOR 9/4.....DECEMBER GOLD.................. resistance #2.................................685.50 resistance #1.................................683.50 pivot.........................682.00 support #1......................................680.00 support #2......................................678.00 OPEN AN ACCOUNT..........FULL SERVICE / SELF DIRECT / 888-282-2770 Check out www.commoditytrader.com I have written several articles about GOLD............ Mike Daly / dalygoldreport.com / www.manducatrading.com TRADE SMART...........WE TRADE THE WORLD.............