Gold Settled $11.80 Higher ... ($1683.90)

Today's April Gold Futures contract traded a modest $16.00 range as physical buying reemerge. After trading as low as $1663.40 during Wednesday's session gold closed at $1683.90 today as physical bargain buying along with a weaker U.S Dollar helped to fuel today's rally. Reports that Greece's PSI debt swap deal has been accepted by investors that hold 58% of the eligible bonds were seen as good news for the Euro and therefore pressured the U.S Dollar. Higher Crude Oil prices also supported higher precious metals prices today.

Traders will be eyeing tomorrows economic data as well as Friday's Unemployment data.

Economic Data: 3/8

Export sales.............7:30 am. CST.

Initial Jobless Claims .7:30 am.CST.

My Swing Numbers

April Gold

RESISTANCE # 2..........$1697.00

RESISTANCE # 1..........$1690.00

PIVOT........................ $1681.00

SUPPORT # 1...............$1674.00

SUPPORT # 2...............$1665.00

VOLUME.....................237,000

May Silver

RESISTANCE # 2.......... $34.18

RESISTANCE # 1.......... $33.88

PIVOT......................... $33.32

SUPPORT # 1...............$33.02

SUPPORT # 2...............$32.46

VOLUME......................67,000

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.