Monday, December 31, 2007

GOLD CLOSES DOWN $4.70 TODAY..........

On the last day of the trading year the Gold trading community appeared to take profits.
A very choppy trade on light volume was the story of the day.
The market traded in a $9.50 point trading range.
The U.S. Dollar was negative early on , however it closed up 36 points today.
HIGH...842.70 LOW...833.20 CLOSE...838.00........
The following are my SWING numbers for 1/2/08....February Gold.............
RESISTANCE #2................847.00
RESISTANCE #1................843.00
PIVOT..............838.00
SUPPORT.#1.......................833.50
SUPPORT #2.......................829.00

TRADE SMART................888-282-2770---------TO OPEN AN ACCOUNT........
HAPPY NEW YEAR!!!!!!!!!!!!!!!!!!

Friday, December 28, 2007

GOLD CLOSES UP $10.90 TODAY...............

Today's U.S Dollar took another beating which helped the Gold market rally and close $10.90 Higher. The continues Housing Sector woes continue to pressure the Dollar(DOWN 31 POINTS AT GOLD CLOSE)...The Gold traded in a $8.40 Dollar range today.
HIGH...843.50 LOW...835.10 CLOSE...842.70...................
The following are my SWING numbers for Monday 12/31 February Gold...........
RESISTANCE #2............................848.00
RESISTANCE #1............................845.00
PIVOT...............840.00
SUPPORT #1..................................836.50
SUPPORT #2..................................832.00

TRADE SMART / OPEN AN ACCOUNT WITH ME 888-282-2770
MDALY@MANDUCATRADING.COM

Wednesday, December 26, 2007

GOLD CLOSES $13.00 HIGHER TODAY.....

Today's Gold trade was very strong in response to a very WEAK U.S. Dollar (39 points LOWER at Gold close) and a very STRONG Crude Oil rally (UP 150+ points at Gold close).
This housing sector foreclosure debacle is beginning to effect the commercial property sector.
This certainly is not good news for the Dollar. The Gold traded in a $ 11.10 dollar range today.
HIGH...830.00 LOW...818.90 CLOSE...829.70...........ECONOMIC REPORTS 12/27
JOBLESS CLAIMS...7:30AM. CST... CONSUMER CONFIDENCE ...9:00AM. CST.....
The following are my SWING NUMBERS for Thursday 12/27.................
RESISTANCE #2.........................838.00
RESISTANCE #1.........................833.00
PIVOT......................826.00
SUPPORT #1...............................822.00
SUPPORT #2...............................815.00

TRADE SMART........OPEN AN ACCOUNT....888-282-2770

Monday, December 24, 2007

GOLD CLOSES $1.10 HIGHER TODAY.......

Typical Christmas Eve. trading session today.
The Gold traders tested the Pivot and the first resistance today before closing $1.10 Higher.
With help of another lower day for the U.S. Dollar the Gold basically was UN-eventful.
Expect much of the same through the remaining year. (unless there is news).....
The market traded in a $5.50 point range...HIGH...819.20 LOW...813.70 CLOSE...816.50...
The following are my swing numbers for WEDNESDAY 12/26...FEBRUARY GOLD.....
RESISTANCE #2.............822.00
RESISTANCE #1.............819.00
PIVOT................816.50
SUPPORT #1.................. 814.00
SUPPORT #2...................811.00

TRADE SMART / TRADE GOLD
OPEN AN ACCOUNT WITH ME TODAY...888-282-2770

MERRY CHRISTMAS

Friday, December 21, 2007

GOLD CLOSES UP $12.20 TODAY.............

Today's Gold session was very bullish from start to finish.
The U.S. Dollar was lower today (8 LOWER at the Gold close) and with the help of a very strong Crude Oil (follow through from inventories yesterday) the Gold community took the incentive to drive out "SHORT" positions and take out key technical area's. The next key area is $822.50...
The Gold traded in a $9.50 point range today........
HIGH ... 816.30 LOW...806.80 CLOSE...815.40.................
THE FOLLOWING ARE MY SWING NUMBERS FOR 12/24...FEBRUARY GOLD.............
RESISTANCE #2...............822.50
RESISTANCE #1...............819.00
PIVOT.......................813.00
SUPPORT #1.....................810.00
SUPPORT #2.....................803.00

TRADE SMART....OPEN AN ACCOUNT TODAY....888-282-2770
WWW.MDALY@MANDUCATRADING.COM

Thursday, December 20, 2007

GOLD CLOSES $2.20 LOWER TODAY........

The Gold market traded in a very choppy $6.80 point range which lacked direction and news.
The Gold community seems to need a weak U.S Dollar to sustain any type of rally.
Despite early rallies in the Crude Oil the Gold reacted almost exclusively opposite the Dollar while paying no attention to the STRONG energy markets early. The HOLIDAY MARKETS will probably begin tomorrow afternoon. BE CAREFUL!!!...........
HIGH...804.50 LOW...797.70 CLOSE...803.20....
THE FOLLOWING ARE MY SWING NUMBERS FOR 12/21....FEBRUARY GOLD........
RESISTANCE #2.................809.00
RESISTANCE #1.................806.00
PIVOT.....................802.00
SUPPORT #1.......................800,00
SUPPORT #2.......................795.00.......................

TRADE SMART..............
OPEN AN ACCOUNT..........888-282-2770 OR ONLINE WWW.MANDUCATRADING.COM


Wednesday, December 19, 2007

GOLD CLOSES $2.00 DOLLARS LOWER TODAY...

Despite a very strong Crude Oil market today the Gold community could not sustain any rallies today based off the strength of the U.S. Dollar (20+ HIGHER at Gold close). The Dollar reacted to lower foreclosures in November ...down from the previous month of October. I am still convinced the foreclosure rate is a long way from up trending. gold traded in a $6.30 point range
that had a nervous feel to it. (IN MY OPINION)...Lots of REPORTS tomorrow................
EXPORT SALES.......GDP.........JOBLESS CLAIMS....7:30AM. CST.............
HIGH.........809.10 LOW......802.80 CLOSE..........805.40..............
The following are my SWING numbers for Thursday 12/20....................
RESISTANCE #2.......................812.00
RESISTANCE #1.......................809.00
PIVOT.......................806.00
SUPPORT #1.............................803.00
SUPPORT #2.............................800.00....................

TRADE SMART.......OPEN AN ACCOUNT WITH ME ONLINE www.manducatrading.com
or call for a free consultation..........888-282-2770......

Tuesday, December 18, 2007

GOLD CLOSES UP $8.20 TODAY.................

ABC NEWS REPORTED "The Turkish army sent soldiers about 1.5 miles into northern Iraq in an overnight operation on Tuesday, Kurdish officials said. A Turkish official said the troops seeking Kurdish rebels were still in Iraq by mid morning." This with a poor Housing report sent crude Oil prices soaring EARLY...(Crude later sold off and actually was trading over 100 points lower on the day at the Gold close) and the Gold which always reacts to a war environment rallied and sustained a $8.20 move higher for the day. Keep an eye on this latest Middle-east tension if things escalate so will Gold. The Gold traded in a $8.50 point range today.
HIGH...811.00 LOW...802.50 CLOSE...807.50..............
RESISTANCE #2...................815.50................
RESISTANCE #1...................811.50................
PIVOT................807.00
SUPPORT #1..........................803.00...............
SUPPORT #2..........................798.50...............

TRADE SMART..............TRADE GOLD............WE TRADE THE WORLD..............
OPEN AN ACCOUNT ONLINE WITH ME TODAY............OR CALL...888-282-2770

Monday, December 17, 2007

GOLD CLOSED UP $1.30 TODAY............

The Gold market traded in a technical $8.00 range today. Despite the Crude Oil trading 130+ LOWER(at the Gold close) the Gold closed .80 cents of the HIGH of the day.
Many traders are anticipating another weak HOUSING STARTS number tomorrow.
The Housing Starts Report will be released Tuesday 12/18 7:30am. CST.
HIGH...800.50 LOW...792.50 CLOSE...799.30..................
The following are my swing numbers for February Gold 12/18.....
RESISTANCE #2.............805.50
RESISTANCE #1.............802.50
PIVOT..............797.50
SUPPORT #1....................794.50
SUPPORT #2....................790.00

TRADE SMART........TRADE GOLD...........
WE TRADE THE WORLD.........OPEN AN ACCOUNT TODAY ONLINE
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Thursday, December 13, 2007

GOLD CLOSES DOWN $14.80 TODAY.........

The very POSITIVE Retail Sales and PPI reports were very good for the U.S. Dollar.
Combined with an extremely weak Crude market(200 lower @ GOLD close)started a profit take / avalanche sell-off..........................................
Huge range today $18.70 ..................................This shows how desperate the Dollar is for good news....any god news and the U.S Dollar seems to have inflated rallies..............

REPORTS TOMORROW : CPI 7:30 AM. CST..................................
THE TEST OF THE STRENGTH OF THE DOLLAR WILL BE TESTED NEXT WEEK WITH THE HOUSING NUMBERS.....(NEXT TUESDAY)........................
HIGH...815.50 LOW...796.80 CLOSE...804.00....................
MY SWING NUMBERS FOR FRIDAY 12/14.....................
RESISTANCE #2....................823.50
RESISTANCE #1....................813.00
PIVOT......................805.00
SUPPORT #1..........................794.50
SUPPORT #2..........................786.00..................
TRADE SMART................OPEN AN ACCOUNT WITH ME ON-LINE TODAY....
888-282-2770...............................



Wednesday, December 12, 2007

GOLD CLOSES UP $1.70 TODAY..........

Despite a roller coaster trade in the night session (GOLD actually traded down below 802.00) after the FOMC 1/4 cut across the board the day session managed to close HIGHER than yesterday's close. we are talking about a $36.00 SWING! The U.S Dollar was 4 points lower and the amazing Crude Oil was 350 points HIGHER at the Gold close.
This is one resilient Gold market ....I am still long bull spreads.............
LOTS OF REPORTS TOMORROW: EXPORT SALES....JOBLESS CLAIMS....PPI....& RETAIL SALES....7:30AM. CST..............................$7.60 POINT RANGE TODAY..................
HIGH...822.30 LOW...814.70 CLOSE....818.80................
THE FOLLOWING ARE MY SWING NUMBERS FOR THURSDAY 12/13...FEBRUARY GOLD...
RESISTANCE #2..........................826.00
RESISTANCE #1..........................822.50
PIVOT..........................818.50
SUPPORT #1................................814.50
SUPPORT #2................................811.00..........

TRADE SMART........FULL SERVICE / PLATFORMS / SELF DIRECT /
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Tuesday, December 11, 2007

GOLD CLOSES UP $3.60 TODAY............

Today's Gold trade was very tentative in anticipation of the FOMC MEETING.
Despite a very strong Crude Oil market (up over 200 points at the Gold close) the Gold had a difficult time sustaining rallies due to an unusually up U.S. Dollar. Normally when Crude Oil and the Gold markets are up you would normally see a weaker Dollar. the Gold trade was extremely technical today trading between my SWING NUMBERS. nice $7.80 point range today.
HIGH...817.80 LOW...810.00 CLOSE...817.10......................................
THE FOLLOWING ARE MY SWING NUMBERS FOR 12/12 FEBRUARY GOLD...
RESISTANCE #2..................823.00
RESISTANCE #1..................820.00
PIVOT......................815.00
SUPPORT #1........................812.00
SUPPORT #2........................804.00

TRADE SMART........../ OPEN ACCOUNT WITH ME ON-LINE /
CALL....888-282-2770.............
FULL SERVICE / SELF DIRECT /

Monday, December 10, 2007

GOLD CLOSES UP $13.30 TODAY.....

The Gold market reacted to a very weak U.S. Dollar today and closed $13.20 higher.
With the FOMC meeting tomorrow many traders believe the FOMC COMMITTEE will cut rates once again. The question is..... will it be a 1/4 or 1/2 point?By the strength of the Gold market today it appears the professionals believe it will be a 1/2 point. Huge $11.00 point range.
HIGH...817.50 LOW...806.50 CLOSE...813.00......................
RESISTANCE #2..................822.50
RESISTANCE #1..................818.50
PIVOT.......812.50
SUPPORT #1........................807.50
SUPPORT #2........................801.50............................
TRADE SMART / TRADE GOLD / OPEN AN ACCOUNT WITH MIKE DALY
888-282-2770................GO ON-LINE.....................

Friday, December 07, 2007

GOLD CLOSES $6.90 LOWER TODAY.....

Today's Gold trade was a late session / weekend profit taking day.
Despite a lower U.S. Dollar today the Gold seemed to get dragged down by an avalanche sell-off in the Crude Oil today(280 points lower). Many traders want to be flat (NO POSITIONS) when the FOMC meet next Tuesday 12/11.the Gold traded in a $13.80 Dollar range today.
HIGH...810.00 LOW...796.20 CLOSE...800.20.................
MY SWING NUMBERS HAVE BEEN VERY GOOD AS OF LATE.
MONDAY'S SWING NUMBERS FOR FEBRUARY GOLD ARE:
RESISTANCE #2............................816.00
RESISTANCE #1............................808.00
PIVOT......................802.00
SUPPORT #1..................................794.00
SUPPORT #2..................................788.00

TRADE SMART...............TRADE GOLD..........WE TRADE THE WORLD.........
OPEN AN ACCOUNT WITH ME ONLINE NOW.. www.manducatrading.com

Thursday, December 06, 2007

GOLD CLOSES UP $3.40 TODAY.....

The Gold market showed remarkable resilience today rallying from a opening range low of $793.00 to close at $807.10. The Gold trade reflected the roller-coaster path of the U.S Dollar
(high 76.80...low76.30).The Gold and Dollar move in opposite directions (MOST OF THE TIME) and when NEWS REPORTS (ABC NEWS) stated "HOME FORECLOSURES HIT ALL-TIME HIGH" certainly sent the Dollar spiraling downward and the Gold running to the upside.
CHECK OUT MY SWING NUMBERS FOR TODAY'S GOLD MARKET *******
CHECK OUT www.commoditytrader.com (written new article)
reports:..UNEMPLOYMENT 7:30AM. CST.
HIGH...811.50 LOW...793.00 CLOSE...807.10........$18.50 DOLLAR RANGE ****
THE FOLLOWING ARE MY SWING NUMBERS FOR 12/07...FEBRUARY GOLD.......
RESISTANCE #2.....................822.00
RESISTANCE #1.....................815.00
PIVOT.......................804.00
SUPPORT #1............................796.50
SUPPORT #2............................786.00 .....................................................

TRADE SMART.....OPEN AN ACCOUNT TODAY...888-282-2770...

Wednesday, December 05, 2007

GOLD CLOSES $3.90 LOWER TODAY....

The Gold traded in a brisk $8.80 point range today. I believe many traders took some profits before the EXPORT SALES and JOBLESS CLAIMS REPORTS due tomorrow at 7:30 am. Central standard time.The U.S. Dollar showed very impressive strength today(up 50points) and the Crude was higher(17 points) at the Gold session close.Gold actually had an impressive rally late to ONLY close $3.90 LOWER. The market will probably show lots of volatility with concerns of the FOMC 12/11 meeting. HIGH...806.80 LOW...798.00 CLOSE...803.70.............
THE FOLLOWING ARE MY SWING NUMBERS FOR 12/05...FEBRUARY GOLD...............
RESISTANCE #2.................812.00
RESISTANCE #1.................808.00
PIVOT......................803.00
SUPPORT #1.......................799.00
SUPPORT #2.......................794.00......................................................

CHECK OUT www.commoditytrader.com I HAVE WRITTEN A NEW ARTICLE...
TRADE SMART....WE TRADE THE WORLD....OPEN AN ACCOUNT WITH ME TODAY...
888-282-2770...................................

Tuesday, December 04, 2007

GOLD CLOSES UP $12.90 TODAY...............

The separation between Gold and the Crude Oil market continued today.
The U.S. Dollar was 22 points lower and remarkably the Crude Oil continued it's slide down 140 + points at the Gold close. Despite a lower Crude Oil session the Gold proved it's resilience and continues to reflect the weakness in the housing sector. A majority of gold traders I have regular conversation with feel another FOMC rate cut is expected (1/4 -1/2) during the 12/11 FED MEETING.Huge trading range today ($10.40 points)...HIGH...811.20 LOW...800.80 CLOSE...807.60..........THE FOLLOWING ARE MY SWING NUMBERS FOR 12/05
FOR FEBRUARY GOLD..........
RESISTANCE # 2.........................817.00
RESISTANCE #1..........................812.00
PIVOT..........................806.50
SUPPORT #1................................801.50
SUPPORT #2................................796.00...............................

CHECK OUT www.commoditytrader.com written new Gold Article...........

TRADE SMART...........OPEN AN ACCOUNT TODAY....888-282-2770..........

Monday, December 03, 2007

GOLD CLOSES UP $5.60 TODAY................

Today's Gold trade was fairly quiet and mild for a change.
The U.S. Dollar was down 19 points and the Crude Oil was 70+ lower at the Gold close.
Despite a lower run in the over night Gold session the day session rallied up to $795.00 before closing at $794.70. The market traded in a calm $6.20 range today.
HIGH...795.00 LOW...788.80 CLOSE...794.70................
THE FOLLOWING ARE MY SWING NUMBERS FOR TUESDAY 12/04...FEBRUARY GOLD...
RESISTANCE #2...................799.00
RESISTANCE #1...................796.00
PIVOT..........792.50
SUPPORT #1.........................790.00
SUPPORT #2.........................785.00....................
TRADE SMART.........TRADE GOLD....OPEN AN ACCOUNT....888-282-2770......