GOLD CLOSES $21.30 HIGHER TODAY... ($1431.20)

Today's Gold session covered a $21.80 range as the escalation of violence in Libya as well as spreading unrest in the Middle-east has both traders and investors alike bullish the precious metals and savvier investors alternative safe haven choice. Demonstrations are spreading throughout these regions and in my opinion as long as these tensions remain the precious metals should retain support through worries of Crude oil disruptions in the region. Higher Crude oil prices are inflationary. And inflation is bullish for the precious metals....April Gold traded as high as $1431.60 just $2 off the April contracts all-time HIGHS .....May Silver traded as high as $34.57 another 30+ year high....it certainly appears to this Gold trader that during the past three years the investor IQ has been raised as they have learned that during times of chaos Gold and Silver historically retain their value better than most commodities.....

MY SWING NUMBERS FOR 3/2

APRIL GOLD
RESISTANCE # 2......................$1445.00
RESISTANCE # 1......................$1438.00
PIVOT......................................$1424.00
SUPPORT # 1..........................$1417.00
SUPPORT # 2..........................$1402.00
VOLUME..................................131,000

MAY SILVER
RESISTANCE # 1........................$35.04
RESISTANCE # 2........................$34.73
PIVOT........................................$34.26
SUPPORT # 1............................$33.95
SUPPORT # 2............................$33.48
VOLUME....................................49,000

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

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