Gold Settles $57.70 Higher... ($1652.50)

Today's December Gold Futures contract covered another choppy and volatile vast $62.40 range. The market rebounded today thanks to news from the European Union stating an optimistic attitude toward the resolution of Greek and Euro region debt crisis. Greek Prime Minister George Papandreou stated he Would guarantee that Greece would meet all commitments. To receive bailouts from the IMF, European union and the European Central Bank.. Today Greece passed the new property tax which greatly improves its chances of passing the austerity cuts and securing further international aid for Greece.

There was also a noticeable surge in demand out of India during the overnight session. It appears the jewelers from India were bargain hunting....The Crude oil prices soared today also fueling the rally in the precious metals today...Crude Oil closed $4 plus.

December silver SETTLED AT $ 31.53.6 PER OUNCE.....

MY SWING NUMBERS 9/28

December Gold
RESISTANCE # 2................$1712.00
RESISTANCE # 1................$1683.00
PIVOT ...............................$1650.00
SUPPORT # 1....................$1621.00
SUPPORT # 2....................$1588.00
VOLUME ........................... 182,000

December Silver
RESISTANCE # 2.................$35.11
RESISTANCE # 1............... .$33.32
PIVOT ................................$31.80
SUPPORT # 1.....................$30.01
SUPPORT # 2.....................$28.49
VOLUME ...........................63,000

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

There is a substantial risk of loss in trading futures and options. Past performance is not indicative of future results. The information and data in this report were obtained from sources considered reliable. Their accuracy or completeness is not guaranteed and the giving of the same is not to be deemed as an offer or solicitation on our part with respect to the sale or purchase of any securities or commodities. PFGBEST, its officers and directors may in the normal course of business have positions, which may or may not agree with the opinions expressed in this report. Any decision to purchase or sell as a result of the opinions expressed in this report will be the full responsibility of the person authorizing such transaction.