Gold Settled $23.20 Higher ... ($1685.60)

Today's April Gold Futures session traded a $32.70 range as traders and investors alike viewed today's economic and geo-political news as bullish for precious metals. Federal Reserve Chairman Ben Bernanke addressed the NABE (National Association for Business Economics) suggested the U.S central bank would continue supportive monetary policies even as the unemployment rate improves according to Reuters. Chairman Bernanke stated further significant improvements in the unemployment rate will likely require a more rapid expansion of production and demand from consumers and businesses, a process that can be supported by continued accommodative policies....More easing ???? The market also seemed to react to president Obama's comments regarding Iran. He stated that there was still time to end the geo-political tension through diplomacy however, time was running out. President Obama also sent North Korea a message urging them to change course on their quest to acquire nuclear capability..Both Iran and North Korea are heavily sanctioned for their pursuit of nuclear power.

The jewelers of India remain on strike as they are boycotting a proposed hike in import duties.

This has diminished the buying of physical bullion by the world's largest consumer.

Despite this strike from the BBA (Bombay Bullion Association) Gold has rallied over $44.00 in the last two sessions.....

Economic Data 3/27

CONSUMER CONFIDENCE............9:00 AM. CST.

MY SWING NUMBERS 3/27

APRIL GOLD

RESISTANCE # 2.......................$1709.00

RESISTANCE # 1.......................$1697.00

PIVOT......................................$1676.00

SUPPORT # 1...........................$1665.00

SUPPORT # 2...........................$1643.00

VOLUME...................................175,000

MAY SILVER

RESISTANCE # 2.......................$33.42

RESISTANCE # 1.......................$33.08

PIVOT......................................$32.55

SUPPORT # 1...........................$32.22

SUPPORT # 2...........................$31.68

VOLUME..................................27,000

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