Gold Closes $3.20 Higher Today…($1367.50)

Today's trading session was a bit apprehensive as traders attempted to sort out the day's news from the European Union. We learned that the European finance ministers approved an 85 billion Euro loan package to help Ireland with its debt crisis.


Gold traded a $15.50 range and overcame early loses (off the concerns from the Euro region) as traders and investors supported the yellow metal around the $1355.00 level. it is my opinion that savvier investors from the Euro region are using the weaker Euro to purchase gold futures as well as physical bullion to protect their wealth. In other words a flight to "safer havens" and tangible assets.

Many investors still believe the Chinese will raise interest rates as their cost of in country commodities remain at historic high's… This along with the unemployment data due out Friday and the continued tension between North and South Korea have Gold traders apprehensive.. Gold bugs all remember last Decembers unemployment data…

Silver followed gold today and settled $1.05.5 HIGHER…. Closing at…..$27.19.3

I will be on an education tour til Friday….

MY SWING NUMBERS 11/ 30….FEBRUARY GOLD

RESISTANCE # 2……………..$1380.00

RESISTANCE # 1……………..$1373.00

PIVOT……………………………..$1364.00

SUPPORT # 1………………….$1358.00

SUPPORT # 2………………….$1349.00

MY SWING NUMBERS 11/30 …MARCH SILVER

RESISTANCE # 2…………….$27.98

RESISTANCE # 1…………….$27.58

PIVOT ………………………….$26.92

SUPPORT # 1…………………$26.53

SUPPORT # 2…………………$25.86

Mike Daly / Gold Specialist

PFG BEST

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877-294-4669

312-563-8029

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