GOLD CLOSES UP $7.50 TODAY........

Traders sat on the side-lines with protected positions today awaiting the confirmation of a 1/4 point cut by the FOMC. (it was confirmed)...The Crude Oil was well over 300 points HIGHER at the Gold close.Tomorrows reports include: EXPORT SALES...JOBLESS CLAIMS...PERSONAL INCOME all to be released 7:30am. CST. The rate cut signals inflationary issues with the economy. Gold traded in a $8.50 point range today... HIGH...796.00 LOW...787.50 CLOSE...795.30... The following are my swing numbers for December Gold...Thursday 11/1......... RESISTANCE #2................801.00 RESISTANCE #1................798.50 PIVOT........793.00 SUPPORT #1.......................790.00 SUPPORT #2.......................785.00 TRADE SMART.............. OPEN AN ACCOUNT TODAY..........FULL SERVICE / DISCOUNT PLATFORMS