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..............






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