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...............................



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