Today's Gold market Settled $21.20 Higher... (February-$1188.60)

The Gold market continued its record setting pace once again today. COMEX...December-$1187.00 & February -$1188.00.... Once again the weakness of the U.S dollar versus the Yen and Euro has forced investors to diversify away from the greenback and into the safe haven' Gold market. Reports from India's Central Bank indicate interest in purchasing the remaining 203 metric tons of IMF Gold to boost their reserves. Jobless claims fell dramatically last week. The number of U.S workers filing new applications for jobless insurance fell from 501,000 to 466,000 the lowest level in a year. Hopefully this trend will continue. The minutes from the November FOMC meeting were released today... The FOMC on its policy to keep rates low Keeping rates low might cause excessive risk-taking or an unanchoring of inflation expectations.......... REPORTS: FRIDAY 27th ...

EXPORT SALES............7:30 am (CST)

My swing numbers for Friday 11/27....February Gold....

RESISTANCE # 2...........$1201.00
RESISTANCE # 1...........$1194.00
PIVOT..........................$1181.00
SUPPORT # 1...............$1174.00
SUPPORT # 2...............$ 1161.00

HAPPY THANKSGIVING!

Mike Daly / Gold Specialist