GOLD CLOSES UP $8.60 TODAY................

Today's Gold market brought back memories of the 1979 Gold market. With the FOMC using an EMERGENCY RATE CUT (.75....down to 3.5 % ) to try and offset the PLUNGE of Global Markets. The Gold traded as low as $849.50 in the over night session. The day trading session covered a $31.50 point range ...eventually closing $8.60 on the day. the general feeling is to expect another cut next week.... HIGH...895.50 LOW...864.00 CLOSE...890.30....... THIS SESSION WAS CERTAINLY ONE OF THE MOST VOLATILE I HAVE SEEN.... The following are my swing numbers for Wednesday 1/23...February Gold.... RESISTANCE #2..................914.00 RESISTANCE #1..................902.00 PIVOT.....................883.00 SUPPORT #1........................871.00 SUPPORT #2........................852.00 BE CAREFUL & TRADE SMART............... CALL 888-282-2770...TO OPEN AN ACCOUNT............