GOLD SETTLES $3.00 LOWER TODAY.....

Today's Gold trading session was very choppy and very technical. I believe this scenario will continue until the Crude Oil market volatility is more manageable. Both the metal markets and the energy markets have had huge volatile ranges. The Gold traded within 50 cents of my resistance numbers today.(before tanking)...... HIGH...934.00 LOW...920.50 CLOSE...928.30....... IF YOU LIKE VOLATILIY....THIS IS THE MARKET FOR YOU............ THE FOLLOWING ARE MY GUIDE-LINE NUMBERS FOR TUESDAY 7/1......... RESISTANCE #2...942.00 RESISTANCE #1...935.50 PIVOT......................928.00 SUPPORT #1.........922.00 SUPPORT #2.........914.00 AUGUST GOLD.................................... TRADE SMART / OPEN AN ACCOUNT WITH ME...888-282-2770 MDALY@MANDUCATRADING.COM LETS TALK GOLD !!!!!!!!!!!!!!!!!!!!

TODAY'S GOLD MARKET CLOSES UP $16.20..

REMINDER, I'm moving my blog to Gold.TradeHugger.com, come on by! Today's gold trade was a continuation on yesterday's rally. The Gold has been trading off the record high's in the Crude oil market. The weakness in the U.S Dollar is directly due to the strength in the Crude oil. Gold is anti- Dollar ...this is as simple as it gets. HIGH....931.80......LOW......920.50.........CLOSE......931.30.... The following are my guide-line numbers for Mondy 6/30..........August Gold...... RESISTANCE #2...........................940.00 RESISTANCE #1...........................934.50 PIVOT...................................927.50 SUPPORT #1.................................923.20 SUPPORT #2.................................916.00 TRADE SMART............888-282-2770

GOLD REBOUNDS $4.40 HIGHER TODAY......

I've started blogging on a NEW SITE, please update your bookmarks to Gold.TradeHugger.com Go to Gold.TradeHugger.com NOW. AFTER AN AVALANCHE SELL-OFF YESTERDAY THE GOLD MARKET REBOUNDED ON VERY VOLATILE TRADING. WITH TTHE FOMC MEETING TODAY QAND AGAIN TOMORROW IT APPEARS TRADERS ARE A BIT TENTATIVE TO HOLD POSITIONS. THE WEAKNESS IN THE U.S. DOLLAR STARTED THE MOMENTUM HIGHER IN THE GOLD MARKET. AS A SEASONED TRADER I HAVE SEEN MY SHARE OF WILD MARKETS.HOWEVER THIS CRUDE OIL MARKET IS NOT FOR THE FAINT OF HEART AND IS DIRECTLY AFFECTING THE GOLD MARKET(ESPECIALLY TO THE DOWN-SIDE). THIS IS WHY I AM TRADING CALL/PUT SPREADS AND USING STOP-LOSS ORDERS WHILE DAY TRADING TO LIMIT RISK. THE TRADING RANGES HAVE BEEN HUGE THE PAST FEW MONTHS AND I EXPECT IT TO CONTINUE UNTIL THE HOUSING SECTOR AND THE ECONOMY SHOW SIGNS OF IMPROVEMENT. U.S $___23 LOWER...... HIGH...896.00 LOW...885.10 CLOSE...891.60..... RESISTANCE.#2.......901.00 RESISTANCE #1.......895.00 PIVOT..........890.00 SUPPORT #1.............884.00 SUPPORT #2.............879.00 TRADE SMART / OPEN AN ACCOUNT TODAY....888-282-2770 MDALY@MANDUCATRADING.COM

SEAN LUSK ENERGY REPORT......

As I write on the close the August Crude Oil has traded back above 136.00 a barrel. The market continues to advance, consolidate and advance again. It is but a matter of time until new highs are made again. The Saudi Government said it would increase production by 200,000 barrels a day bringing production to 9.7 million barrels a day next month. This is the third month in a row that the Saudis that the Saudis have raised production and each time time the market has ignored this limp response. The problem is the Saudi Crude is sour crude, its customers however need sweet crude which is low sulpher crude oil. The sweet crude is found in the form of Brent Crude from the North Sea and WTI from Texas and Oklahoma. After shrugging off the lows this morning as the dollar tanked the crude oil summarily rallied past 136.00 reaching a high just over 138.00 before pulling back to around 136.50 at the close. HIGH 138.14 LOW 134.05 CLOSE 136.40 RESISTANCE#2 140.28 RESISTANCE#1 138.33 PIVOT 136.19 SUPPORT#1 134.24 SUPPORT#2 132.10 SEAN LUSK SENIOR BROKER MANDUCA TRADING slusk@manducatrading.com

GOLD CLOSES $16.50 LOWER TODAY.......

TODAY'S GOLD MARKET REACTED OFF EARLY DOLLAR STRENGTH AND CAUSED A $20.00 + SELL-OFF. NEWS OUT OF SAUDI ARABIA STATING AN INCREASE IN OIL PRODUCTION GAVE THE U.S. DOLLAR EARLY STRENGH. HOWEVER AFTER CRUDE OIL TRADERS DETERMINED THE INCREASE IN PRODUCTION WAS NOT ENOUGH TO MEET DEMAND AND RALLIED 200 + IT HELPED PULL THE GOLD OFF IT'S LOWS AND SETTLE $16.50 LOWER ON THE DAY. REPORTS: FOMC MEETING.....CONSUMER CONFIDENCE 9:00 AM. CST......HIGH...903.00.....LOW....879.00...CLOSE...887.00...... RESISTANCE #2..............913.00 RESISTANCE#1...............900.00 PIVOT.................................889.50 SUPPORT#1.....................876.00 SUPPORT#2.....................865.50 TRADE SMART / TRADE WITH ME... OPEN AN ACCOUNT TODAY....888-282-2770.................... MDALY@MANDUCATRADING.COM