Gold Settles 30 Cents Higher ... ($1728.40)

Today's April Gold Futures session covered a very choppy $24.90 range.

April gold traded as low as $1706.70 early on in the session as the European news regarding the Greek bailout continued to be negative causing investors to choose the U.S. Dollar over the precious metals as their currency of choice. A weaker Euro is 'bullish for the Dollar and a stronger Dollar is negative for Gold. Mid to late session rumors from the E.U began to put a more positive spin on Greece's chances to obtain their second relief package. The rumors began to turn more factual and sent investors buying Gold and Silver as the U.S Dollar dropped versus the Euro.....Causing Gold to close positive.

The U.S Labor Department reported that Initial Jobless Claims were 348,000 much better than the 365,000 that had been projected.

MY SWING NUMBERS 2/17

APRIL GOLD

RESISTANCE # 2.........$1747.00

RESISTANCE # 1.........$1737.00

PIVOT........................$1722.00

SUPPORT # 1............ .$1712.00

SUPPORT # 2............. $1697.00

VOLUME.....................157,000

MARCH SILVER

RESISTANCE # 2.........$33.90

RESISTANCE # 1.........$33.74

PIVOT........................$33.19

SUPPORT # 1..............$32.82

SUPPORT # 2..............$32.49

VOLUME....................48,000

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.