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