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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