Friday, March 28, 2008

GOLD CLOSES $17.50 LOWER TODAY.............

Another very volatile trade in the Gold market today.
The climate in the world is full of tension. The Middle-east fighting is heating up, The North Koreans are shootin rockets into the ocean again,and the U.S. economy is on a slippery slope just to name a few. These for the most part should al be bullish for GOLD.
However the FED continues to inject cash into these Credit markets ...giving short term benefits to the U.S. Dollar. Consider this...Over the last 7 months the Gold has rallied over $350.00...
This housing sector fiasco has been coming for along time. There is no quick fix!!! The economy will get worse before it gets better in my opinion...
HIGH...950.00 LOW...929.00 CLOSE...936.50.............
SWING NUMBERS FOR MONDAY....3/31....JUNE GOLD..........
RESISTANCE #2..............959.00
RESISTANCE #1..............948.00
PIVOT..........938.50
SUPPORT #1....................927.00
SUPPORT #2.....................918.00

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






Thursday, March 27, 2008

GOLD CLOSES.20 CENTS LOWER TODAY.....

Mixed trade closes .20 cents lower today. The signals were as clear as MUD today.
Personal income report tomorrow 7:30 am. CST...........
As of tomorrow will switch to trading the June contract......
I will be on CFRA 580 radio Canada...tomorrow Friday 1:30 EST> (INTERNET)..............
JUNE GOLD...HIGH...954.50 LOW..946.00 CLOSE..954.00..............
SWING NUMBERS FOR FRIDAY 3/28......JUNE GOLD............
RESISTANCE #2................................960.00
RESISTANCE #1................................957.00
PIVOT...........................951.50
SUPPORT #1.....................................948.50
SUPPORT #2.....................................943.00...........................
TRADE SMART....................OPEN AN ACCOUNT TODAY...888-282-2770

Wednesday, March 26, 2008

GOLD CLOSES UP $14.20 TODAY.........

More weak economic news sent the U.S. Dollar LOWER (70 pts. at the Gold close) aiding a strong rally in both the Gold and energy markets today. More Economic numbers tomorrow 3/26 including...EXPORT SALES.....GDP...JOBLESS CLAIMS....7:30 AM. cst...............
HIGH...952.50 LOW...940.90 CLOSE...949.40....................
SWING NUMBERS FOR 3/27.....APRIL GOLD............
RESISTANCE #2...............................959.00
RESISTANCE #1...............................954.00
PIVOT..............................947.50
SUPPORT #1......................................942.50
SUPPORT #2......................................936.00
TRADE SMART..........OPEN AN ACCOUNT TODAY...888-282-2770...........

Tuesday, March 25, 2008

GOLD CLOSES UP $16.80 TODAY............

Today's Gold trade rebounded strongly today with the help of a weak Consumer Confidence number. The U.S . Dollar took a beating today (Down 80 pts. at the Gold close)..........
Another key economic number tomorrow...NEW HOUSING SALES...9:00 AM. cst................
HIGH...937.00 LOW...926.00 CLOSE...935.50................
SWING NUMBERS FOR WEDNESDAY 3/26....APRIL GOLD..........
RESISTANCE #2..................944.00
RESISTANCE #1..................940.00
PIVOT.......................933.00
SUPPORT #1........................929.00
SUPPORT #2........................922.00......................
BE CAREFUL.TRADE SMART..............CALL ME.888-282-2770

Friday, March 14, 2008

GOLD CLOSES UP $5.70 TODAY........

Another VOLATILE day trading Gold.....
The strength of the Gold is safe haven driven.
With the continued beating of the U.S Dollar and the general weakness of the economy (not to mention record high's daily in the Crude Oil) the investment community has chosen the precious metals as their safe haven choice. HIGH...1007.50 LOW...991.60 CLOSE...999.50
FOMC MEETING....AND HOUSING NUMBERS NEXT TUESDAY............
SWING NUMBERS....11/17......MONDAY......APRIL GOLD...............
RESISTANCE #2........................1015.00
RESISTANCE#1..........................1007.00
PIVOT...............................................999.50
SUPPORT #1....................................991,50
SUPPORT #2.....................................985.00
TRADE SMART.........OPEN AN ACCOUNT TODAY...888-282-2770.....


Thursday, March 13, 2008

GOLD CLOSES UP $13.30 TODAY.............

$1000.00 GOLD !!!
Todays Gold market showed it would not be denied on it's path to 1000.00 and with the help of a weak U.S. Dollar and ever rising Crude Oil prices ...This could just be the beginning.
If you adjust for inflation Gold could trade to $1500.00 in my opinion.
REPORTS: CPI..7:30AM. CST.
HIGH....1001.00 LOW...992.80 CLOSE...993.80.....
11/14...SWING NUMBERS.........APRIL GOLD....
RESISTANCE #2...............1004.00
RESISTANCE #1.................998.00
PIVOT..........................995.50
SUPPORT #1.......................990.00
SUPPORT #2.......................987.50................
TRADE SMART....OPEN A TRADING ACCOUNT TODAY....888-282-2770

Tuesday, March 11, 2008

GOLD CLOSES UP $4.20 TODAY..............

Another CHOPPY & VOLATILE day trading Gold.
It certainly looked like both the Gold and Crude Oil markets were heading for the moon early.
April Gold was trading at $985.90 when The Federal Reserve announced it would pump $200 Billion Dollars into the Credit markets. This gave the U.S. Dollar a huge boost and tanked both
the Gold and Crude Oil markets causing gold to trade as low as $967.00. (966.00 on the electronic)....These days you have to work cheap....(take proits)......Or pay the price!
Reports 3/12......API - EIA ENERGY STKS...9:30AM.CST.............................
SINCE THE GOLD IS TRADING OFF THE CRUDE AT THIS TIME...LOOK FOR ENERGY REPORT......HIGH...985.90...LOW...967.00...CLOSE...976.00...................
SWING NUMBERS....APRIL GOLD....3/12...............................
RESISTANCE #2.....................995.00
RESISTANCE #1.....................985.00
PIVOT................................976.00
SUPPORT #1............................966.50
SUPPORT #2............................957.00
TRADE SMART.............OPEN AN ACCOUNT TODAY...888-282-2770.............


Monday, March 10, 2008

GOLD CLOSES $2.40 LOWER TODAY........

Today's Gold trade was another volatile trade with a large range.
Gold posted a strong late session rally to only close $2.40 lower.
Once again the Gold traded with the Crude Oil and had a difficult time holding rallies.
The trading climate remains very nervous.
REPORTS: 3/11 TRADE BALANCE 7:30AM. CST.
HIGH...975.50 LOW...962.50 CLOSE...971.80............
SWING NUMBERS FOR 3/11...APRIL GOLD
RESISTANCE #2............983.00
RESISTANCE #1............977.50
PIVOT............970.00
SUPPORT #1................. 964.50
SUPPORT #2..................957.00............

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

Friday, March 07, 2008

GOLD CLOSES $2.90 TODAY............

Today's Gold trade was a very volatile trade and extremely hard to get a handle on.
the gold shadowed thw Crude on the DOWN-side but had a very rough time trading back through the PIVOT on the UP-side.It appeared the trading community bought the poor UNEMPLOYMENT number at 7;30 am...I thought we would have a strong up move.
However the Crude Oil market broke and took the Gold downward ($10.00 in one hour) and despite a very roller-coaster trade in the CRUDE OIL the Gold only showed parallel movement on the down -side. i can not imagine why anyone would want to be short Crude Oil over the weekend with all the Geo-political tensions in the World....(I know there was profit taking,but I believe traders were picking a top to short....many think Crude is top heavy).........
the market was as clear as MUD today !!! iF YOU HAVE A WINNER IN THESE MARKETS..."TAKE THE MONEY"............................................................................
HIGH...990.00 LOW...971.00 CLOSE...974.50.........
REPORTS MONDAY 3/10.....WHOLESALE TRADE...7:30AM. CST...
SWING NUMBERS FOR 3/10....APRIL GOLD..............
RESISTANCE #2...................998.00
RESISTANCE #1...................986.00
PIVOT......................................978.50
SUPPORT #1.........................967.00
SUPPORT #2.........................960.00
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TRADE SMART! OPEN AN ACCOUNT TODAY...888-282-2770...........

Thursday, March 06, 2008

GOLD CLOSES $11.40 LOWER TODAY..............

Another WILD trade in the Gold market today.These markets have been phenomenal !!!
The Gold traded a $23.00 extremely volatile range today.
Despite another weak showing from the U.S. Dollar today there is no question in my mind the Gold is shadowing the Crude Oil market move for move.
Rising tensions in South America and recent Middle-east tensions are creating an extremely nervous trading climate. (LOTS OF NERVOUS TRADERS)..........
REPORTS: UNEMPLOYMENT...7:30AM. CST.........3/07/08.....
HIGH...990.00.................LOW...967.00................CLOSE...977.10....................
SWING NUMBERS...............
RESISTANCE #2.........................1000.00
RESISTANCE #1...........................988.00
PIVOT..............................978.00
SUPPORT #1..................................965.00
SUPPORT #2...................................955.00
TRADE SMART..........CALL TODAY TO OPEN AN ACCOUNT...888-282-2770.....


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Wednesday, March 05, 2008

GOLD CLOSES UP $22.70 TODAY.........

Another WILD day in the Gold market. Thanks to a BIGGER than expected DRAW in the Crude Oil....which sent prices SOARING (400+ points HIGHER at the Gold close) .
This sent the U.S. Dollar Lower and drove the Gold market to close $22.70 Higher on the day.
Other News tro watch...ABC NEWS REPORTED" Venezela & Equador took their growing conflict with Columbia to the Diplomatic front,seekingInternational condemnation on Wednesday of Columbia's deadly assault on a rebel base in Equador."....Venezuela= (BIG OIL PRODUCER)
REPORTS...3/6.....EXPORT SALES & JOBLESS CLAIMS...7:30 AM. CST.
HIGH...995.00..............LOW..966....................CLOSE...988.50.............................
RESISTANCE#2...................1012.00
RESISTANCE #1...................1000.00
PIVOT........................983.50
SUPPORT #1...........................972.00
SUPPORT #2........................... 955.00.................
TRADE SMART..........OPEN AN ACCOUNT.....888-282-2770.............................