Friday, November 30, 2007

GOLD CLOSES DOWN $13.20 TODAY..........

Another STRONG session for the U.S. Dollar continues the Gold landslide.
The Gold community is not convinced the BULL market is over. You can tell by the BULL CALL option interest for February and April 2008. All traders realize markets refresh and re-trace...this is a correction and a possible opportunity to fill in a technical gap.I believe many things that drive the Gold higher such as a weak housing sector, high energy prices, and war environment to name a few are still very prevalent in these markets.,The gold market is still the haven for investors seeking a safe haven.(WORLD CURRENCY).many traders I talk with are not negative on Gold ,but rather looking for the opportunity to re-enter at a lower price level. In other words they are buying "MARKET DIPS".Today's market traded in a CHOPPY $15.50 range,
HIGH...800.50 LOW...785.00 CLOSE...789.00..................
SWING NUMBERS FOR MONDAY 12/03...FEBRUARY GOLD............
RESISTANCE #2.........................806.00
RESISTANCE #1.........................797.00
PIVOT......................791.00
SUPPORT #1................................781.50
SUPPORT #2................................776.00

TRADE SMART..............TRADE GOLD..............(WE TRADE ALL MARKETS)
OPEN AN ACCOUNT TODAY............888-282-2770................
FREE RESEARCH TO MY CLIENTS.........................

Thursday, November 29, 2007

GOLD CLOSES $5.00 LOWER TODAY...

ANOTHER NERVOUS AND CHOPPY TRADE IN THE GOLD TODAY...
The trading community once again watched a strong U.S. Dollar set the tone for another weak day in the Gold market. Today's trade was very unusual considering a higher Crude Oil (especially early) and reports from the Housing sector deemed to be BEAR-ISH Dollar had no effect on a Gold market unable to mount or sustain any significant rallies.
Gold traded in a $7.40 point range today...HIGH...809.40 LOW...802.00 CLOSE...802.30
TOMORROW'S REPORTS....PERSONAL INCOME 7:30AM CST...CONSTRUCTION SPENDING 9:00 AM CST...................................
The following are my swing numbers for Friday...11/30...FEBRUARY GOLD..............
RESISTANCE #2.........................812.00
RESISTANCE #1.........................807.00
PIVOT....................804.50
SUPPORT #1...............................799.50
SUPPORT #2...............................797.00.................................
TRADE SMART...TRADE GOLD... OPEN AN ACCOUNT TODAY.....

GOLD CLOSES $5.00 LOWER TODAY...


Wednesday, November 28, 2007

Gold Closes Down $13.90 Today.............

Another very weak day for the Gold and Crude Oil markets. The U.S Dollar was strong once again today trading 25+ HIGHER at the Gold close.I am amazed at the recent volatility and believe tomorrows reports will ADD even more. REPORTS 11/29....EXPORT SALES & JOBLESS CLAIMS 7:39 AM CST......NEW HOME SALES 9:00 AM CST..................
Another Huge range today ....10.80 points.................
HIGH...814.50 LOW...803.70 CLOSE...807.30................
All markets refresh and all markets have volatility....what you should be looking for are markets with volatility and HIGH VOLUME...this is the case in the Gold and Crude Oil market.
High Volume prevents huge run-away markets and allows markets to rebound.
Swing numbers for 11/29...February Gold...........................
RESISTANCE #2...............822.50
RESISTANCE #1...............813.50
PIVOT........808.50
SUPPORT #1.....................802.50
SUPPORT #2.....................794.50..........
TRADE SMART.............TRADE GOLD..............OPEN AN ACCOUNT TODAY.888-282-2770

Tuesday, November 27, 2007

GOLD CLOSES $12.50 LOWER TODAY.......

Today's Gold trade was very choppy with a nervous feel to it. It was the last trading day for December Gold so from today on I will be talking February Gold. the U.S Dollar showed lots of strength today due to the reports" Citigroup said late Monday that Abu Dhabi Investment Authority will invest $7.5 billion in the nations largest bank, offering needed capital to offset big losses from mortgages and other investments" and the falling oil prices due to reports their would be an increase in Oil production.BOTH these reports are very PRO U.S. Dollar.
I am still long bull/call spreads.Very wide trading range today ($9.50) point range......
HIGH...825.30 LOW...815.80 CLOSE...821.30......
The following are my swing numbers for 11/28...FEBRUARY GOLD........................
RESISTANCE #2...............................830.00
RESISTANCE #1...............................826.00
PIVOT............................821.00
SUPPORT #1......................................816.50
SUPPORT #1......................................810.00
TRADE GOLD ..TRADE GOLD.. CALL TODAY..888-282-2770

Wednesday, November 21, 2007

GOLD CLOSES UP $7.10 TODAY...............

Today's Gold market was a CHOPPY pre - Holiday market with a $9.50 point range.
Another weak trading day for the U.S Dollar helped fuel the Gold rally.
Crude Oil soared early before selling off late session. Thursday exchanges closed (Thanksgiving Holiday) and Friday many markets will have shortened sessions.
EXPORT SALES OUT Friday 7:30AM. CST......I put on some BULL/CALL spreads in the past few days. I feel we will drift higher...HIGH..805.00 LOW..795.50 CLOSE..798.60...........
RESISTANCE #2.....................810.00
RESISTANCE #1.....................805.00
PIVOT........800.00
SUPPORT #1...........................795.00
SUPPORT #2...........................790.00.............
TRADE SMART.......TRADE GOLD............CALL TODAY..888-282-2770........
I WILL BE OFF TIL MONDAY....NO BLOG FRIDAY............

HAPPY THANKSGIVING !


Tuesday, November 20, 2007

GOLD CLOSES UP $13.40 TODAY............

Today's market followed the lead of the over night Gold session , The over night trade was $9.00 Higher based off a very weak U.S. Dollar and very high Crude Oil prices.
Gold traded in a$10.50 point range today only selling off late in the session (profit takers).
Tomorrow: JOBLESS CLAIMS..7:30AM. CST...LOOK FOR MANY TRADERS TO CALL IT AN EARLY DAY TOMORROW IN PREPARATION FOR A THURSDAY (THANKSGIVING HOLIDAY) AND THE EXCHANGE HOLIDAY...(be careful)................................
HIGH....799.10...LOW...788.60...791.40.........
SWING NUMBERS FOR WEDNESDAY 11/21...DECEMBER GOLD...........
RESISTANCE #2.............................806.50
RESISTANCE #1.............................797.50
PIVOT.....................793.00
SUPPORT #1...................................787.00
SUPPORT #2...................................779.50..............
U.S DOLLAR.......45 POINTS LOWER-----CRUDE OIL...250+ HIGHER............
TRADE SMART........TRADE GOLD................CALL TODAY...888-282-2770...

Monday, November 19, 2007

Gold Trades $9.00 Lower Today.......

Many traders in anticipation of a poor HOUSING STARTS number (11/20 7:30am. CST) continued to take profit and even positioning themselves short hoping to take advantage of a weak Stock Market reaction. Despite the reality that a weak Housing Market should be Bullish for the Gold market.The Gold community remembers the dilemma that occurred several months past when during the avalanche that was the Stock market during the release of the Credit Crunch / Mortgage fiasco many Stock investors sold their METALS positions to liquidate cash to cover their Stock Margin requirements. Gold traders learn to adapt quickly.
The Gold traded in a $13.10 range today...HIGH...789.10 LOW...776.00 CLOSE...778.00
THE FOLLOWING ARE MY SWING NUMBERS FOR TUESDAY 11/20..DECEMBER GOLD...
RESISTANCE #2.........................794.00
RESISTANCE #1.........................786.00
PIVOT..........................781.00
SUPPORT #1...............................773.00
SUPPORT #2...............................768.00
TRADE SMART...........TRADE GOLD..............CALL NOW...888-282-2770

Friday, November 16, 2007

TODAY'S GOLD MARKETCLOSED .30 CENTS LOWER......

Today's market opened Higher anr rallied up to the $798.00 level before selling off mid-late session. Nextweek is a shrtened trading (Thanksgiving Holiday) week with some very key economic reports due to be released (Housing Starts &Jobless Claims).I believe many investos took profits and intend to enjoy the upcoming Holiday Season.The market traded in a CHOPPY $11.30 point range today. HIGH...798.00 LOW...786.70 CLOSE...787.00.............
CHECK OUT WWW.COMMODITYTRADER.COM ....IHAVE WRITTEN A RECENT NEW ARTICLE............The following are my swing numbers for Monday11/19...December Gold.....
RESISTANCE #2.................802.00
RESISTANCE#1..................794.30
PIVOT.............790.50
SUPPORT #1.......................783.00
SUPPORT #2.......................779.00
TRADE GOLD....TRADE SMART...OPEN AN ACCOUNT...CALL TODAY....888-282-2770

Thursday, November 15, 2007

GOLD CLOSES $27.40 LOWER TODAY.....

Today's Gold trade finished $27.40 due to nervous traders continuing to liquidate long positions. many traders began buying this market between $675.00 and $700.00 range.
That is also the area I first started buying BULL CALL spreads. It is my belief traders see the potential down side in the Stock Market and recall the scramble by investors to sell off their metals positions to cover the Margins in their Stock Market positions.Today's market traded in a huge $19.50 Dollar range today.Gold has proven to be resilient and many traders feel it is an opportunity to buy long term spreads. HIGH...803.50 LOW...784.00 CLOSE...787.30..
REPORTS: EXPORT SALES...7:30 AM. CST.................
U.S DOLLAR UP 28PT'S. CRUDE OIL 140+ DOWN (at the Gold close)..................
FRIDAY 11/16 DECEMBER GOLD GUIDELINE NUMBERS............
RESISTANCE #2..............................811.00
RESISTANCE #1..............................799.00
PIVOT...............................791.50
SUPPORT #1................. .780.00
SUPPORT #2................. .772.00
TRADE SMART....
TRADE GOLD......
CALL TODAY............888-282-2770

Wednesday, November 14, 2007

GOLD CLOSE UP $15.70 TODAY..........

A weak U.S Dollar and a very Bullish Crude Oil market helped Gold gain back some of it's recent pull back. The market seems to be very strong. Even under extreme pressure (from profit taking ) the trend is still higher and the Gold has more than shown it's ability to rally right back.Another huge range up day...$15.70 HIGHER...only trading in a $7.40 range during the day trading session.(THE REST OVER NIGHT)........HIGH...817.40 LOW...810.00 CLOSE...814.70..........THE FOLLOWING ARE MY SWING NUMBERS FOR 11/15....FRIDAY..FOR DECEMBER GOLD........
RESISTANCE #2..................821.00
RESISTANCE #1..................818.00
PIVOT............814.00
SUPPORT #1........................810.50
SUPPORT #2........................807.00

TRADE SMART........TRADE GOLD.........CALL TODAY...888-282-2770......
CHECK OUT WWW.COMMODITYTRADER.COM WRITTEN NEW ARTICLES.......



Tuesday, November 13, 2007

Gold Closes $8.70 Lower Today.................

The profit taking continued today. it was certainly helped by the option expiration sell-off in the energy markets. Crude Oil was down $3.90 at the Gold session close.gold traded in a $13.60 point range today that appeared to be a nervous / choppy trade.The Geo-political scheme heightened today with reports of The Turkish Army crossing into Iraq.
Tomorrows reports: PPI / RETAIL SALES 7:30 am. CST................
HIGH...809.30 LOW...795.70 CLOSE...799.00...........
SWING NUMBERS FOR 11/14...DECEMBER GOLD...........
RESISTANCE #2............815.00
RESISTANCE #1............806.50
PIVOT..............801.00
SUPPORT #1...................792.50
SUPPORT #2...................787.00................
CHECK OUT www.commoditytrader.com ...........written new article.....
TRADE SMART.........TRADE GOLD...........CALL TODAY.....888-282-2770.........

Monday, November 12, 2007

Gold Closes $27.00 Lower Today................

The profit taking continued today under the influence of a much stronger U.S Dollar (up 60+ points at the Gold close). we are getting close to trading Holiday markets and it is my belief traders are taking profits in the anticipation the Stock Market may resume it's slide. Last time the Stock Market traders sold off their Metals positions to cover margins.
Gold traders have very long memories. huge $16 trading range today.
HIGH...815.00 LOW...799.00 CLOSE...807.70..................
SWING NUMBERS FOR 11/13...DECEMBER GOLD..............
RESISTANCE #2......................826.00
RESISTANCE #1......................815.00
PIVOT.......807.00
SUPPORT #1............................789.00
SUPPORT #2............................788.00
TRADE SMART
TRADE GOLD
CALL TODAY............888-282-2770

Friday, November 09, 2007

GOLD CLOSES $2.80 LOWER TODAY....

Today's Gold market covered a $8.90 point range. The volatility caused traders to take some profits mid-session to the close .The U.S. Dollar was slightly higher (4Pt's.) at the Gold close.
The Gold community is very aware of the plight of the Stock market lately.
They are also aware of the possibilities of Stock Traders selling their Gold positions to cover their Stock margins if this trend continues. HIGH...837.40 LOW...828.50 CLOSE...835.20...
MONDAY IS VETERANS DAY *** HOWEVER GOLD WILL TRADE......
SWING NUMBERS FOR 11/12....DECEMBER GOLD.....
RESISTANCE #1......................843.00
RESISTANCE #2......................839.50
PIVOT.........................834.00
SUPPORT #1.............................830.50
SUPPORT #2.............................825.00
*********** HAPPY BIRTHDAY UNITED STATES MARINES*************
TRADE GOLD....TRADE SMART... FULL SERVICE / SELF DIRECT
call today.............888-282-2770...................

Thursday, November 08, 2007

AMMENDMENT TO 11/08 BLOG

NO UNEMPLOYMENT REPORT TOMORROW

Gold Closes up $4.00 Today...................

Today's Gold trade was extremely volatile and traded in a very large $15.00 range.
After a early session RALLY on pro U.S Dollar reports . The concerns relayed from FOMC Chairman Ben Bernanke about the U.S. Economy sent the Stock Market plunging and appeared to cause Gold traders to take profits . Most Gold traders remember what happen the last time the Stock market began to avalanche. UNEMPLOYMENT REPORT 11/09 7:30am. CST......
HIGH...847.50 LOW...832.50 CLOSE...837.50......................
RESISTANCE #2.....................854.00
RESISTANCE #1.....................845.50
PIVOT.,..........................839.00
SUPPORT #1...........................830.50
SUPPORT #2...........................824.00

TRADE GOLD.........TRADE SMART..............CALL TODAY..888-282-2770

Wednesday, November 07, 2007

GOLD CLOSES UP $10.10 TODAY........

Once again the weakness of U.S Dollar produced a huge rally in the Gold market.
The Gold traded in a CHOPPY $12.50 point range which included a bit of a late session profit take caused primarily by the strong sell-off in the Crude Oil today.
The Dollar was 67 points lower and the Crude Oil was 160+ lower at the close of Gold.
REPORTS FOR 11/08....JOBLESS CLAIMS & EXPORT SALES...7:30AM. CST.
HIGH...843.50 LOW...831.00 CLOSE...833.50.........................
SWING NUMBERS FOR 11/08.............
RESISTANCE #2.............................848.00
RESISTANCE #1...............................841.00
PIVOT....................................................836.00
SUPPORT #1.........................................828.00
SUPPORT #2...........................................824.00

TRADE GOLD**** TRADE SMART***
OPEN AN ACCOUNT TODAY........888-282-2770
FULL SERVICE / SELF DIRECT

Tuesday, November 06, 2007

GOLD CLOSES UP $12.60 TODAY..........

Due to a very weak U.S. Dollar and a extremely BULLISH Crude Oil market the Gold soared to close $12.60 HIGHER today. With the U.S Dollar making new lows versus the EURO the stage was set for the Gold to become a safe haven market. With Crude oil up over 250 points(at Gold close) many investors are calling for $100 per barrel oil within days.....
It certainly appears the U.S. Dollar is going to need some support from the FOMC again .
The Gold market traded in a $7.50 range today.....
HIGH...828.00 LOW...820.50 CLOSE...823.40.................
Swing numbers for 11/07...December Gold...........
RESISTANCE #2.........................831.00
RESISTANCE #1.........................828.00
PIVOT.............824.00
SUPPORT #1................................820.00
SUPPORT #2.................................817.00
TRADE GOLD / TRADE SMART / OPEN AN ACCOUNT TODAY...888-282-2770.......
FULL SERVICE / SELF DIRECT

Monday, November 05, 2007

Gold Closes Up $2.30 Today....

The Gold Market traded in a CHOPPY $8.80 range today. The market felt a little TOP heavy and over bought early but the market managed to close HIGHER once again. despite a stronger U.S Dollar(10+) and a weak Crude Oil (51- at Gold close) the Gold once again shows it can make it's own path.Many traders realize the influx of physical Gold buying and the Geo-political conditions are two key reasons the Gold market is so strong. I am still looking for a slight correction .(MARKETS NEED TO REFRESH) before buying more call spreads.
HIGH...813.80 LOW...805.00 CLOSE...810.80......................
SWING NUMBERS 11/06 DECEMBER GOLD.......................
RESISTANCE #2......................819.00
RESISTANCE #1......................815.00
PIVOT.......................810.00
SUPPORT#1.............................806.00
SUPPORT #2............................801.00
TRADE GOLD ...TRADE SMART..........
OPEN AN ACCOUNT TODAY...........888-282-2770.....................
FULL SERVICE / SELF DIRECT

Friday, November 02, 2007

GOLD CLOSES UP $14.80 TODAY..............

Today's Gold market continued it's extreme BULL RUN. With the very weak U. S. Dollar and the ever climbing Crude Oil it has been very simple to figure why the Gold market is $150.00 Higher in the past two months.The Geo-political venue is also adding fuel to the Gold and Crude Oil rally. Just remember markets do correct ....The Gold market traded a $16.90 point range today.
HIGH...810.70 LOW...793.80 CLOSE...808.50................
MONDAY'S SWING NUMBER...11/05...DECEMBER GOLD................
RESISTANCE #2........................821.00
RESISTANCE #1........................814.00
PIVOT........................804.00
SUPPORT #1..............................797.50
SUPPORT #2..............................787.00
TRADE SMART.......OPEN AN ACCOUNT TODAY...888-282-2770