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..........

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OPEN AN ACCOUNT WITH ME ON-LINE.........
FOR A FREE CONSULTATION...CALL...888-282-2770..........

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