Gold Settles $3.60 Lower... ($1826.50)

Today's December Gold Futures contract traded a choppy $34.90 range. Today's trade was very once again a very technical and range bound trade. News from the European Union continues to reflect the fragility in the region. Greece continues to be at the center of the storm as the regions Financial Ministers are lending moral support but continue to state that there is NO PLAN B for Greece. In other words it's up to Greece to the Greek Government to get their own financial house in order. The fragility is affecting the Euro and lending slight strength to the United States Dollar. This is slowing Gold's momentum recently. The daily ranges in the precious metals have been vast as traders continue to look for direction. I expect this trend to continue.

December Silver settled at $40.53.3 for the session.

Economic data 9/15
EXPORT SALES.....................7:30 AM. CST.
REAL EARNINGS..................7:30 AM. CST.
INITIAL JOBLESS CLAIMS....7:30 AM.CST.

MY SWING NUMBERS 9/15
DECEMBER GOLD
RESISTANCE # 2......................$1864.00
RESISTANCE # 1......................$1845.00
PIVOT .....................................$1829.00
SUPPORT # 1..........................$1811.00
SUPPORT # 2..........................$1794.00
VOLUME..................................143,000

DECEMBER SILVER
RESISTANCE # 2......................$41.85
RESISTANCE # 1......................$41.19
PIVOT......................................$40.75
SUPPORT # 1..........................$40.09
SUPPORT # 2..........................$39.65
VOLUME..................................33,000

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I WILL BE DOING ANOTHER GOLD WEBINAR THURSDAY

SEPTEMBER 15TH AT 2PM CST.

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http://www.pfgbest.com/webinar/Meeting_detail.asp?SCOID=1087802705&FOLDERID=993197377&MEETING_NAME=Gold's%20No%20Good!!

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