Gold Settles $19.80 Higher Today… ($1377.60)

Gold continued its rally today as global uncertainties offered investors chose safer haven alternative investments today. The fragility in the European Union remains prevalent as comments from Germany's Chancellor Angel Merkel to reporters in Berlin bear out. She stated that is cause for "great concern"…and said the Euro was in an "exceptional serious situation"…She also revealed that Germany and the Netherlands were working diligently on a permanent crisis resolution mechanism…..


North Korea launched artillery shells on a South Korean island of Yeonpyeong causing several casualties and escalating the tensions of the region… Earlier in the week North Korea revealed their hidden uranium enrichment program which indicates that their nuclear capabilities are much further along than previous estimates…..

Gold is often a refuge for investors during warring environments…  The third quarter GDP was revised up 2.5% one tenth better than analysts forecasted…….

Silver rebounded from earlier loses ang settled 11.1 cents higher ($27.57.2)

REPORTS : 11/24 DURABLE GOODS………………..7:30 AM(CST)

INITIAL JOBLESS CLAIMS………7:30 AM (CST)

PERSONAL INCOME…………….7:30 AM (CST)

NEW HOME SALES……………..9:00 AM (CST)

MY SWING NUMBERS 11/24 DECEMBER GOLD

RESISTANCE # 2…………$1392.00

RESISTANCE # 1…………$1388.00

PIVOT……………………….$1372.00

SUPPORT # 1……………..$1361.00

SUPPORT # 2……………..$1352.00

MY SWING NUMBERS 11/24 DECEMBER SILVER

RESISTANCE # 2………..$28.35

RESISTANCE # 1………..$27.96

PIVOT………………………$27.49

SUPPORT # 1…………….$27.10

SUPPORT # 2…………….$26.63

Mike Daly / Gold Specialist

PFG BEST

[email protected]

312-563-8029

877-294-4669

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