Gold Closes $4.70 Higher.... (41365.10)

Today's Gold session traded a very quiet $13.10 range as traders continue to monitor the situation in Egypt. President Hosni Mubarak has stepped down and the reins of the government have been turned over to the Egyptian military. The military has promised to hold free and open elections within six months. However, the demonstrators are maintaining a prescience fearing that if they leave the revolution may be over...many demonstrators thought there would be a swift election process and believe the six month waiting process may be excessive.... There are still many unanswered questions in that region....And as a gold bug it certainly will have my attention.... The SuMed pipeline is vital to the region and the flow of Crude oil.... ANY disruption in the flow will send oil prices soaring.....Higher Oil prices will send Gold and Silver prices higher as well......

Economic data..2/15
Business Inventories........7:30 am (CST)
Retail Sales..........................7:30 am (CST)

MY SWING NUMBERS
APRIL GOLD
RESISTANCE # 2............$1375.00
RESISTANCE # 1............$1370.00
PIVOT............................$1362.00
SUPPORT # 1................ $1357.00
SUPPORT # 2................$1349.00

MARCH SILVER
RESISTANCE # 2..............$31.25
RESISTANCE # 1..............$30.89
PIVOT...............................$30.34
SUPPORT # 1...................$29.97
SUPPORT # 2...................$29.45

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

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