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

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OPEN AN ACCOUNT ONLINE WITH ME TODAY............OR CALL...888-282-2770

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