Gold Settled $10.90 Higher ... ($1722.20)

Today's April Gold Futures contract traded a $31.30 range and closed $10.90 higher for the session. After yesterdays mammoth sell off in which the futures contract lost almost 5% of its value traders and investors may see this as bargain buying opportunity. It is my personal opinion that QE3 or not ...the continuation of low interest rates, physical demand, and geo-political tensions will continue to make the precious metals the safe haven currency of choice.

Yesterday's sell-off was way over done in my opinion. Today's rally was propelled by higher Oil prices as the April Crude Oil futures contract traded as high as $108.90 per barrel today.

Higher Crude Oil prices are considered to be inflationary and bullish precious metals.

May Silver also had a nice recovery today as it settled $101.9 higher at $35.66.1 per ounce.

As gold bugs we should expect the volume and volatility to remain high due to geo-political and economic uncertainty. Trade smart use stop-loss orders or hedged positions as we live in uncertain times. The U.S Department of Labor reported that Initial Jobless Claims were 351,000 better than the 355,000 that had been projected.

MY SWING NUMBERS 3/2

APRIL GOLD

RESISTANCE # 2.......... $1746.00

RESISTANCE # 1.......... $1735.00

PIVOT......................... $1715.00

SUPPORT # 1...............$1703.00

SUPPORT # 2...............$1684.00

VOLUME......................343, 000

MAY SILVER

RESISTANCE # 2.......... $36,52

RESISTANCE # 1...........$36.09

PIVOT..........................$35.27

SUPPORT # 1...............$34.84

SUPPORT # 2...............$34.02

VOLUME..................... 52,000

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.