Thursday, May 01, 2008

GOLD TRADES $14.50 LOWER TODAY...........

THE AVALANCHE SELL-OFFF CONTINUED TODAY.
GOLD WAS ACTUALL $14.00 DOLLARS HIGHER OVERNIGHT.
WITH THE CONTINUED STRENGTH OF THE DOLLAR AND THE FALLING CRUDE OIL PRICES THE GOLD MARKEY HAS RE-TRACED $180 DOLLARS IN LESS THAN A MONTH.(YIKES)... THESE MARKETS ARE NOT FOR THE FAINT OF HEART. THERE APPEARS TO BE LOTTLE RHYME AND REASON. WHAT IS DIFFERENT IN THE ECONOMY,CREDIT MARKET, AND MORTGAGE SECTORS FROM 1 MONTH AGO?
HIGH...865.50...LOW...848.50 ...CLOSE...850.60..................
REPORTS: UNEMPLOYMENT...7:30 AM CST...
SWING NUMBERS FOR 5/2...........................................
RESISTANCE #2.............872.00
RESISTANCE #1.............861.50
PIVOT.......................855.00
SUPPORT #1...................844.50
SUPPORT #2...................833.00.............
TRADE SMART...OPEN AN ACCOUNT TODAY....888-282-2770

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