The Gold market rallied due to the European Unions concern that Greece’s debt crisis will promote investor demand for Gold as a “safer haven” to holding currency.It appears investors have zero confidence in the fiat currencies. The U.S Dollar also gave back early gains helping to fuel the mammoth rally. As more information leaks out of the Europe I believe the volatility will remain high….

There was high demand from the Asian sector as the Chinese new Years celebration brought buyers in by the throngs to purchase bullion as last minute gifts.

REPORTS : 2/17
Housing starts and permits…7:30 am (CST)

MY SWING NUMBERS…2/17 APRIL

RESISTANCE # 2…..$1140.00
RESISTANCE # 1…..$1130.00
PIVOT………………..$1111.00
SUPPORT # 1………$1100.00
SUPPORT # 2………$1080.00

Mike Daly / Gold Specialist