Tuesday, February 12, 2008

GOLD CLOSES $15.60 LOWER TODAY...........

YIKES !!!!! Today's Gold session traded in a 15.60 point range that was extremely CHOPPY and VOLATILE. Warren Buffet announced his support for AAA BONDS and I believe many traders decided to take profits in the Gold . The sell-off broke support levels and touched off STOP-LOSS ORDERS causing a major re-tracement in the Gold market.
REPORTS FOR 2 / 13....RETAIL SALES & HOUSING STARTS...7:30 AM. CST...
HIGH......924.50............LOW......908.00 ........CLOSE.......911.10....................
SWING NUMBERS FOR 2/13...WEDNESDAY....APRIL GOLD......................
RESISTANCE #2........................931.00
RESISTANCE #1........................921.00
PIVOT..............914.50
SUPPORT #1..............................904.50
SUPPORT #2..............................898.00
TRADE SMART.........TRADE GOLD.......CALL ME...888-282-2770

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