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.......
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