Wednesday, February 13, 2008

GOLD CLOSES DOWN.90 CENTS TODAY.....

The Gold traded in a choppy $12.00 point range. However the trade itself was not as volatile and appeared to go back to a technical trade.when trading Gold you must remember we are trading all time high's and there is nothing to base past performance on. If the present economic situation continues (foreclosures,credit crunch, war enviorment, and higher jobless rates to name a few) the Gold should continue to rise. But when trading Gold always remenber "investors often sell their metal positions to protect their Stock Portfolio's." This often causes an avalanche effect. REPPORTS...2/14....EXPORT SALES...JOBLESS CLAIMS...7:30 AM. CST...
HIGH...913.50 LOW...901.50...CLOSE...910.20..............
RESISTANCE #2........................920.00
RESISTANCE #1........................915.00
PIVOT..........................908.00
SUPPORT #1..............................902.50
SUPPORT #2..............................896.00......................
TRADE SMART.....TRADE GOLD.......CALL ME ...888-282-2770..............



0 Comments:

Post a Comment

<< Home