Tuesday, February 19, 2008

GOLD CLOSED UP $23.70 TODAY................

Today's Gold trade was extremely Bullish thqanks to several news reports.
The texas Oil refiery explosion in Big Springs, Texas not only caused the refinery to shut down it contributrd to Oil prices rising $3.70 per barrel today(at the Gold close). Remember in my opinion..Gold and Crude Oil are both ANTI U.S. DOLLAR and trend together the majority of the time. Suisse Bank cut rates....rate cuts = strong GOLD. Exxon and Venezuela are feuding over Oil production. These are all very negative Dollar and BULLISH GOLD.
Reports tomorrow 2/20.....Wednesday............CPI.........HOUSING STARTS & PERMITS...7:30 AM. CST.......HIGH...934.20 LOW...925.00 CLOSE...929.80...................
SWING NUMBERS...2/20....WEDNESDAY...APRIL GOLD...............
RESISTANCE #2......................................938.00
RESISTANCE #1......................................934.00
PIVOT..................................929.50
SUPPORT #1............................................925.00
SUPPORT #2............................................920.00

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

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