GOLD CLOSES $6.50 HIGHER TODAY... ($1437.70)

Today's Gold session notched another all-time high as the Globex April contract traded $1441.00 per ounce. The escalating violence in Libya and reports that demonstrations Are spreading throughout the Middle-east has traders and investors Alike choosing both Gold and Silver as their alternative safe haven alternative investment. The chaos in Libya has shut down that countries ability to supply Crude oil to the world and therefore has fueled the sky rocketing price of Crude oil. April Crude oil traded as high as $102.41 per barrel at the time of this posting.

Higher Crude oil prices are very inflationary and are bullish for Gold and Silver prices .Historically Gold and silver retain their value better than most commodities during inflationary periods...... Libya's leader Muammar Gaddafi reportedly launched a land and air offensive against his governments opposition forces in order to re-take territory in Eastern Libya.....Gaddafi has vowed to fight to the death in order to remain in control...... This situation could drag out for quite awhile......

There are reports that Iran's security forces are clashing with government opposition supporters in Tehran causing further investment concerns of tension regarding the flow of oil from Iran.

Silver trade another 30 year high as Globex (May) Silver traded as high as $34.97.5 per ounce....

THURSDAY'S ECONOMIC DATA....

EXPORT SALES....................7:30 AM (CST)
INITIAL JOBLESS CLAIMS....7:30 AM (CST)

MY SWING NUMBERS 3/3

APRIL GOLD
RESISTANCE # 2....................$1449.00
RESISTANCE # 1....................$1444.00
PIVOT ...................................$1436.00
SUPPORT # 1........................$1430.00
SUPPORT # 2........................$1423.00

MAY SILVER
RESISTANCE # 2....................$35.34
RESISTANCE # 1....................$35.09
PIVOT.....................................$34.72
SUPPORT # 1........................$34.47
SUPPORT # 2........................$34.10

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

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