Wednesday, January 23, 2008

GOLD CLOSES $7.20 LOWER TODAY.........

Today's Gold market continued it's very volatile and choppy trend.
The market traded in a $19.00 point range and traded off the the U.S. Dollar (11HIGHER @ the Gold Close) and for the most part traded in a very technical range.the liquidating of precious metal positions for the purpose covering Stock Portfolio margins continued late in the session.
REPORTS: JOBLESS CLAIMS....7:30 am. CST. ENERGY REPORTS...9:30 am. CST.
HIGH.....896.00 LOW...877.00 CLOSE...883.10....................
SWING NUMBERS FOR 1/24...THURSDAY...FEBRUARY GOLD..................
RESISTANCE #2........................904.00........
RESISTANCE #1........................893.00........
PIVOT..........................885.00
SUPPORT #1..............................875.00..........
SUPPORT #2..............................866.00..........

TRADE GOLD / TRADE SMART / CALL TO TRADE...888-282-2770

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