Friday, February 08, 2008

GOLD CLOSES $12.00 HIGHER TODAY.....

The Gold market remained very strong today and closed up $12.00.
The Gold market reacted to a weak U.S. Dollar(32 points lower) and a very BULLISH Crude Oil market (300 higher). I bought more BULL CALL spreads today. The market remained very CHOPPY and VOLATILE and all idications point to more of the same.
HIGH...924.50 LOW...914.00 CLOSE...922.00
The following are my guideline / swing numbers for Monday 2/11....APRIL GOLD......
RESISTANCE #2........................930.00
RESISTANCE #1........................926.00
PIVOT.....................920.00
SUPPORT #1..............................915.50
SUPPORT #2..............................910.00

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

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