Subject: Daly Gold Blog 11/13

Today's Gold Settled $10.10 Higher... ($1116.70) The Commerce department reported the trade deficit jumped 18.2% in September to $35.5 billion. This is the largest trade deficit since January 2009. This trade data helped to fuel the rally in the Gold and Equities markets. The Comex Gold market covered a $12.50 range and settling 80 cents off the high ($1117.50). The bank of Zambia is seriously considering buying gold from the IMF by using its relatively high international reserves to diversify from the depreciating U.S. Dollar.

REPORTS : 11/16 Monday

Retail Sales ...........7:30 am (CST)
My swing numbers for Monday 11/16...December Gold
RESISTANCE # 2............$1125.00
RESISTANCE # 1............$1121.00
PIVOT ..............$1113.00
SUPPORT # 1.................$1110.00
SUPPORT # 2.................$1100.00

Mike Daly / Gold Specialist