Gold Settled $5.70 Lower ... ($1656.20)

Today's April Gold Futures session traded a very technical and choppy $20.20 range.

Traders were tentative in there trading strategies today as FOMC Chairman Ben Bernanke lectured at George Washington University and as we Gold bugs are aware when Mr. Bernanke speaks the markets react. Some of the highlights from his lecture are as follows. Bernanke said central banks must maintain their financial stability Central banks have helped prevent the repeat of a depression. This financial crisis and recession has been a major trauma to the economy. The U.S. department of Labor reported that Initial Jobless Claims was 359,000. This was worse than the 359,00 that had been projected. Today's early to mid-session sell-off (taking the market as low as $1644.30) may have been early profit taking as tomorrow ends the 1st fiscal quarter of the year...

ECONOMIC DATA 3/30

Personal Income............7:30 AM. CST.

MY SWING NUMBERS 3/30

RESISTANCE # 2............. $1674.00

RESISTANCE # 1.............. $1664.00

PIVOT............................ $1654.00

SUPPORT # 1..................$1643.00

SUPPORT # 2..................$1634.00

VOLUME..........................193,000

MAY SILVER

RESISTANCE # 2...............$32.47

RESISTANCE # 1...............$32.23

PIVOT..............................$31.93

SUPPORT # 1................... $31.69

SUPPORT # 2................... $31.38

VOLUME...........................28,000

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.