Tuesday, January 08, 2008

GOLD CLOSES UP $18.30 TODAY............

Today's Gold market used the Middle-east tensions and a very bullish crude Oil market to climb to record highs. U.S. and Iraqi troops launched another surge against enemy insurgents.
this in conjunction with mounting tensions with Iran have certainly fueled this rally.
the U.S. Dollar is also still reeling due to a very poor housing sector.....All this is bullish for GOLD!!!...The Gold traded in a $9.80 Dollar range today...(BIG UP IN OVER-NIGHT SESSION)
HIGH....883.80 LOW....874.00 CLOSE....880.30.............
THE FOLLOWING ARE MY SWING NUMBERS FOR WEDNESDAY 1/9/08
RESISTANCE #2........................897.00
RESISTANCE #1........................884.00
PIVOT..........................879.00
SUPPORT #1..............................874.00
SUPPORT #2..............................861.00

TRADE SMART..........OPEN AN ACCOUNT TODAY...888-282-2770

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