Wednesday, April 30, 2008

GOLD TRADES $11.70 LOWER TODAY.......

DURING A VERY CHOPPY TRADING SESSION IT APPEARED MANY TRADERS SAT ON THE SIDE-LINES TODAY AWAITING WORD FROM THE FOMC. THE DAY SESSION CLOSED $11.70 LOWER, BUT AT 1:15 CST. THE FOMC REPORTED ANOTHER 1/4 POINT RATE CUT CAUSING THE GOLD TO RALLY HARD AND POSITIVE AT THIS PUBLICATION. I HAD THOGHT THEY WOULD CUT 1/2 POINT AFTER A "THIS SHOULD BE THE LAST CUT "/ MISSION ACCOMPLISHED DEMEANOR.AS I HAVE STATED THE ECONOMY CAN NOT BE QUICK FIXED....IT WILL RUN IT'S COURSE.......THIS TRADE HAS BEEN AS CLEAR AS MUD! FOR A SPREADER / SWING TRADER LIKE MYSELF YOU LOOK FOR CERTAIN TECHNICAL POINTS TO ALIGN BEFORE ENTERING THE MARKET.
AFTER THE THE DAY SESSION I WANTED TO BUY GOLD....HOWEVER THE CRUDE OIL WAS AN AVALANCHE SELL AND THE GOLD WAS STEADILY RISING.....
THEY ARE BOTH :ANTI" DOLLAR....IF I HAVE LEARNED ANYTHING IN THE PAST FEW WEEKS...."DO NOT IGNORE THE CRUDE OIL SELL-OFFS" THE GOLD HAS BEEN BREAKING HARD WITH THE CRUDE. EXCEPT TODAY AFTER THE CLOSE.................
HIGH...................877.50 LOW.............864.70 CLOSE.....865.10..............
MY SWING NUMBERS FOR MAY 1............
RESISTANCE #2...........................882.00
RESISTANCE #1...........................873.50
PIVOT........................869.00...........
SUPPORT #1................................860.50
SUPPORT #2................................856.00
TRADE SMART....OPEN AN ACCOUNT WITH ME.....888-282-2770

WE WILL GET THEM TOMORROW !!!!!!!!!!

Tuesday, April 29, 2008

GOLD TRADES $18.70 LOWER TODAY...

TODAY'S GOLD TRADE WAS VERY CHOPPY AND VOLATILE.
REACTING TO A AVALANCHE SELL OFF / PROFIT TAKING TRADE IN THE CRUDE OIL THE GOLD MARKET CONTINUED TO TAKE YHE STEAM OUT OF THE BULLS SAILS.
WITH THE FOMC MEETINGS TODAY AND AGAIN TOMORROW IT APPEARED TRADERS WERE LIQUIDATING POSITIONS IN EXPECTATIONSC OF A RATE CUT.
HERE IN ILLINOIS PROPERTY VALUES ARE DOWN 8 1/2 percent from 12 months ago.
FORECLOSURE RATES ARE UP 54% FROM 12 MONTHS AGO.
NOTHING HAS CHANGED...YET THE POSSIBLE SELLING OF GOLD BY THE FED TO BOOST THE DOLLAR HAS SPOOKED THE GOLD TRADING COMMUNITY.
EVEN WARREN BUFFET SAYS"WE ARE IN A RECESSION"..........
REPORTS: FOMC AGAIN TOMORROW....GDP..7:30AM CST...............................
HIGH...895.80 LOW...873.80 CLOSE...876.80........
SWING NUMBERS FOR 4/30...........................
RESISTANCE #2.................................904.0O
RESISTANCE #1.................................890.00
PIVOT....................................................882.00
SUPPORT # 1.....................................868.00
SUPPORT # 2....................................860.00
TRADE SMART.......OPEN AN ACCOUNT TODAY...........888-282-2770

Monday, April 28, 2008

GOLD CLOSES UP $5.80 TODAY...........

TODAY'S DAY SESSION WAS HIGHER DUE TO STRONG CRUDE OIL MARKET (pipeline issues in Scotland) AND A WEAK DOLLAR TODAY. THE FOMC MEETS TOMORROW & WEDNESDAY AND MANY TRADERS ANTICIPATE A FURTHER RATE CUT.(Bearish Dollar)..
The market traded between my swing numbers today and was a very technical trade.
HIGH...898.00 LOW...890.50 CLOSE...895.50................
THE FOLLOWING ARE MY SWING NUMBERS FOR JYNE GOLD.........
RESISTANCE #2......................902.50
RESISTANCE #1......................892.00
PIVOT......................................895.00
SUPPORT #1............................899.50
SUPPORT #2............................884.50
TRADE SMART.....OPEN AN ACCOUNT WITH ME TODAY...888-282-2770
...............................................................................

Friday, April 25, 2008

GOLD CLOSES UP .30 CENTS TODAY.........

TODAY'S GOLD TRADE WAS TRULY AMAZING. THE NIGHT SESSION PUSHED GOLD DOWN TO $880.00 (MY SUPPORT WAS $880.50) BEFORE PUSHING IT AS HIGH AS $898.70 IN THE DAY SESSION. THE SETTLEMENT WILL SHOW JUNE GOLD GAINING 30 CENTS ON THE DAY, HOWEVER I FEEL LIKE IT WAS A HUGEV UP DAY.WITH THE FOMC MEETING NEXT WEEK MANY TRADERS YHERE WILL BE YET ANOTHER RATE CUT (1/4...1/2 POINT)....THE GOLD HAS BEEN TRADING LIKE A WOUNDED DUCK...VERY TENTATIVE/ CHOPPY / AND EXTREMELY VOLATILE...LOTS OF SMALL TRADERS GOT CRUSHED THIS PAST FEW WEEKS.THIS OFTEN HAPPENS DURING CORRECTIONS /OVER-BOUGHT MARKETS.....HOWEVER, WITH THE CRUDE OIL TRADING OVER $120.00, COMMODITIES UP ACROSS THE BOARD, AND A VERY WEAK HOUSING & LABOR SECTOR....PEOPLE SHOULD BE INVESTING IN SAFE HAVEN INVESTMENT (NONE BETTER THAN GOLD)...........................................
HIGH...898.70.......LOW...885.50........CLOSE......889.70.......
MY SWING NUMBERS FOR MONDAY...
RESISTANCE #2............................................904.00
RESISTANCE #1............................................896.50
PIVOT...........................................891.00
SUPPORT #1...................................................883.00
SUPPORT #2...................................................878.00

TRADE SMART......OPEN AN ACCOUNT TODAY......888-282-2770
FREE RESEARCH TO MY CLIENTS..............................
I

Thursday, April 24, 2008

GOLD CLOSES $19.60 LOWER TODAY........

THE BEARS CONTINUE TO RUN WILD IN THE GOLD MARKET....(YIKES)....
THE CORRECTION CONTINUED TODAY WITH THE HELP OF STRONG ECONOMIC NUMBERS.(THUS DAY 2 OF THE STRONG DOLLAR)....IF WE HAVE LEARNED ONE THING OVER THE PAST YEAR..."GOLD IS VERY RESILIENT" AND THE ECONOMY "NOT SO GOOD"....LOTS OF NEWS TOMORROW....AND THE FOMC MEETING NEXT WEEK.....
REPORTS TOMORROW..JOBLESS CLAIMS & EXPORT SALES...7:30 AM. CST...ALSO
NEW HOME SALES 9:00 CST.AM...........
HIGH...907.50 LOW...885.30 CLOSE...889.40.......
MY SWING NUMBERS FOR FRIDAY 4/25..................
RESISTANCE #2..............925.00
RESISTANCE#1...............903.00
PIVOT..................................894.00
SUPPORT #1....................880.50
SUPPORT #2....................872.00
TRADE SMART......CALL TODAY TO OPEN AN ACCOUNT.......888-282-2770......

Wednesday, April 23, 2008

GOLD TRADES $16.70 LOWER........

ANOTHER TRADING SESSION THAT WAS AS CLEAR AS MUD. CRUDE OIL TRADES ON ALL- TIME HIGH'S AND GOLD BREAKS BELOW $900.00 DOLLARS BRIEFLY. ANYONE WHO BELIEVES WE ARE NOT IN AN ECONOMIC RECESSION MAY BE SHORT SIGHTED.
POOR HOUSING SECTOR, UNEMPLOYMENT, AND HIGHER COMMODITY PRICES ACROSS THE BOARD!!! WE ARE CERTAINLY IN UN-CHARTERED ECONOMICWATERS...
HIGH...925.70.....LOW...899.20.......908.60.....................
REPORTS...4/24........EXPORT SALES & JOBLESS CLAIMS...7:30 AM CST.....
SWING NUMBERS FOR 4/24............
RESISTANCE #2.........................925.70
RESISTANCE #1.........................923.00
PIVOT.....................911.00
SUPPORT #1...............................896.00
SUPPORT #2...............................885.00..............
TRADE SMART..................OPEN AN ACCOUNT TODAY....888-282-2770

Wednesday, April 16, 2008

GOLD CLOSE UP $16.30 TODAY.........

Today's Gold trade was one-side to the upside.
After rallying $9.00 + Dollars over night the Bulls took it $18.00 + higher before a $948.30 settlement.As I said yesterday the ECONOMIC climate is going to run it's course.
More Economic Reports tomorrow 4/17...EXPORT SALES & JOBLESS CXLAIMS 7:30AM. CST......HIGH...952.20 LOW...942.00 CLOSE...948.30........................
MY SWING NUMBERS FOR 4/17...JUNE GOLD....
RESISTANCE #2.............957.00
RESISTANCE #1.............953.00
PIVOT.........................947.50
SUPPORT #1....................943.00
SUPPORT #2....................937.00

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

Tuesday, April 15, 2008

GOLD CLOSES UP $3.30 TODAY......

In anticipation of future economic numbers this week the trade in the Gold market has been very CHOPPY and VOLATILE and has shown difficulty holding rallies.
I am still BULLISH long term and beleive the CREDIT / HOUSING / and JOBLESS rate are still a real problem that is not going away anytime soon.
HIGH...939.80 LOW...930,00 CLOSE...932.00............
TOMORROW'S REPORTS......CPI /HOUSING STARTS......7:30AM. CST......
SWING NUMBERS FOR 4/16............
RESISTANCE #2...............944.00
RESISTANCE #1...............938.00
PIVOT......................934.00
SUPPORT #........................928.00
SUPPORT #........................924.00..............................
TRADE SMART........888-282-2770.........OPEN AN ACCOUNT TODAY...888-282-2770

Thursday, April 10, 2008

GOLD CLOSES $5.80 LOWER TODAY................

TRADING WITHIN A HUGE $14.59 DOLLAR RANGE....THE GOLD FOLLOWED THE MID-MORNING CRUDE OIL SELL-OFF / PROFIT TAKE AND CLOSED CLOSE TO THE MIDDLE OF THE RANGE.HIGH...939.50 LOW...925.00 CLOSE...931.70.............
THE FOLLOWING ARE MY SWING NUMBERS FOR 4/11..........
RESISTANCE #2...................946.00
RESISTANCE #1...................939.00
PIVOT.................932.00
SUPPORT #1.........................924.50
SUPPORT #2.........................918.00...........
TRADE SMART..........OPEN AN ACCOUNT TODAY....CALL 8888-282-2770............

Monday, April 07, 2008

GOLD CLOSE UP $13.60 TODAY.............

Today's Gold trade was on the strong side from start to finish. I wanted to buy June Gold around $915.00 today...But I did not get the chance in the day session. This gold trade has certainly become "THE THUNDER DOME" "2 MEN ENTER ONE MAN LEAVES".........yikes!!!!!!!!!!!
There has been ample opportunity to make money (on both sidescof the market)...However Gold traders are very aware of the virgin territory we are trading and lack of technical history.
This is why I believe we are seeing such huge ranges......TRADERS LACK CONFIDENCE HOLDING POSITIONS IN UN_FAMILAR TRADING AREA'S.......................
HIGH...933.00 LOW...916.80 CLOSE...926.80...............................
SWING NUMBERS FOR 4/8.....JUNE GOLD.............
RESISTANCE #2...............................941.00
RESISTANCE #1...............................933.00
PIVOT......................925.00
SUPPORT #1....................................917.00
SUPPORT #2....................................909.00............
TRADE SMART.....CALL ME....888-282-2770


Friday, April 04, 2008

GOLD CLOSES $3.60 HIGHER TODAY......

The Gold trade was very choppy and despite a 200 + higher trade in the Crude Oil today the Gold community could not rally or sustain rallies until the last few minutes of the day session....
LOTS OF KEY NUMBERS NEXT WEEK!.....THE THINKING OF THE FOMC LATELY HAS MADE TRADING GOLD..."AS CLEAR AS MUD".............................
HIGH...914.00 LOW...903.50 CLOSE...913.20......................
MY SWING NUMBERS FOR 4/7/08......JUNE GOLD................
RESISTANCE #2....................927.00
RESISTANCE #1....................916.50
PIVOT.......................................910.00
SUPPORT #1..........................906.00
SUPPORT #2..........................900.00
TRADE SMART....OPEN AN ACCOUNT WITH ME....CALL 888-282-2770