Today's Gold session notched yet another all-time high... (Globex - $1174.00 & Comex - $1173.50) The Gold rally was fueled by the weakness of the Dollar. The U.S Dollar traded a 6 week low versus the Japanese Yen after comments from a Federal Reserve spokesman solidifying their position of keeping U.S. Interest rates low. This prompted investors to diversify from the greenback and into Gold as a safer haven. This rush to Gold rallied the Gold market through technical resistance ($1155.00) and turning the trend bullish. This touched off the buying frenzy taking us to new all-time highs...

World News:
China is investigating the opportunity of exploration untapped gold resources in Australia. Viet Nam is expected to import 6 metric tons of Bullion to help stabilize domestic prices. The jewelers of India are reporting jewelry consumption is down due to the high price of Gold. But interest by investors worldwide are higher. Central Banks are concerned with the fragile U.S Dollar and are diversifying from the Dollar into Gold as an alternative.

GLOBEX RANGE High...$1174.00 Low...$1151.60
COMEX RANGE High...$1173.50 Low...$1164.70 Close...$1164.70

REPORTS: 11/24.........
GDP......................................7:30 am (CST)
CONSUMER CONFIDENCE......9:00 am (CST)
My swing numbers for 11/24.....December Gold... (volume warrants it)

RESISTANCE # 2....................$1185.00
RESISTANCE # 1....................$1174.00
PIVOT...................................$1163.00
SUPPORT # 1........................$1152.00
SUPPORT # 2........................$1140.00

Mike Daly / Gold Specialist