Friday, February 29, 2008

GOLD CLOSES UP $7.50 TODAY...........

The Bulls enjoyed another UP day in the Gold market today.
Despite a slightly stronger U.S. Dollar and a profit take (FRIDAY) sell-off Iin the Crude oil the Gold managed to drift higher most of the day session. Lets face it....the news lately has been very bad concerning the U.S Economy recently. Many traders have cut back and even remained on the side-lines fearing a Gold sell-off to cover Stock Position margins......We are trading in VIRGIN territory in just about all the METALS, FINANCIALS, and GRAINS....(ALL TIME LEVELS).Traders are concerned and nervous BEST RULE OF THUMB....."TAKE PROFITS"..................
Reports:.....CONSTRUCTION SPENDING...9:00AM. CST......
HIGH...977.00 LOW...966.50 CLOSE...975.00.....
THE FOLLOWING ARE MY SWING NUMBERS 3/3/08...APRIL GOLD..........
RESISTANCE #2.........................983.00
RESISTANCE #1.........................978.50
PIVOT......................972.50
SUPPORT #1................................968.00
SUPPORT #2................................962.00

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

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