Gold settles 70 Cents Higher... ($1333.00)........

Today's Gold session covered a traded a very technical $13.40 range as traders awaited the results of the FOMC 2 day meeting. The results of the FOMC meeting stated that the FED voted unanimously to keep everything the same including unchanged interest rates and quantitative easing 2...They also stated that the the recovery has been insufficient to reduce joblessness and called the Housing sector depressed.....

Gold and Silver both settled higher today as the U.S Dollar was lower versus the Euro. The precious metals had been on a spiral downward due primarily to The raising of key interest rates fron the central banks of China, Thailand, and India to name a few......These nations central banks raised their rates in order to curb their countries historically high inflation.....

REPORTS 1/27
Initial Jobless Claims..................7:30 AM (CST)
Durable Goods.........................7:30 AM (CST)
Export Sales............................7:30 AM (CST)

MY SWING NUMBERS 1/27
FEBRUARY GOLD
RESISTANCE # 2..........................$1345.00
RESISTANCE # 1..........................$1340.00
PIVOT.........................................$1332.00
SUPPORT # 1..............................$1326.00
SUPPORT # 2..............................$1319.00
VOLUME..........................................144k

MARCH SILVER
RESISTANCE # 2........................$27.56
RESISTANCE # 1........................$27.35
PIVOT....................................... $27.00
SUPPORT # 1.............................$26.79
SUPPORT # 2.............................$26.44
VOLUME........................................40K

Mike Daly / Gold Specialist
PFG BEST
mdaly@pfgbest.com
877-294-4669
312-563-8029

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