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

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