Monday, February 25, 2008

GOLD CLOSES $7.30 LOWER TODAY........................

With news of Oil inventories high and rumors surrounding an IMF (G7) Gold auction upcoming the Gold market broke $14.00 Dollars in a very short period. The Gold market was probaly was lucky to receive news out of South Africa...mining operations shut down due to earlier electonic (FIRES) problems may remain closed for repairs for years to come.(LESS PRODUCTION)...
REPORTS TOMORROW....PPI......7:30AM. CST. & CONSUMER CONFIDENCE..9:00AM...CST.....................SWING NUMBERS FOR 2/26...APRIL GOLD......
RESISTANCE #2.........................959.00
RESISTANCE #1.........................949.00
PIVOT........................942.50
SUPPORT #1...............................934.00
SUPPORT #2...............................926.50

HIGH...............951.50 LOW................936.00 CLOSE...............926.50............

TRADE SMART.............................................CALL....888-282-2770........

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