Gold Settled $13.80 Higher ... ($1643.90)

Today's June Gold Futures traded a quiet $13.20 range on fairly light volume.

Friday's Unemployment number for the March reading of non-farm payrolls is +120,000 and the net change for the private sector was +121,000. Total payrolls were expected to be 205,000 and the estimate for the private sector was 215,000. Both numbers were worse than expected.

High inflation in China coupled with the heightened geo-political tension in Iran and North Korea may be making gold more appealing as a safe haven investment choice. Iran's Foreign Minister Ali Akbar Salehi was quoted by Iranian Media as saying that Tehran would not agree to world powers imposing pre-conditions before the nuclear talks which will resume in Istanbul after collapsing more than a year ago. Setting conditions before the meeting means drawing conclusions, which is completely meaningless and none of the parties will accept conditions set before the talks. Iran's Supreme National Security Council announced that talks between Tehran and the 5+1 group will be held in Istanbul on April 14th. (The 5 permanent members of the UN Security Council consist of the USA, China, Russia, France, & Britain. PLUS Germany)...

The U.S and its allies are concerned that Iran developing atomic weapon capability....

Washington has not ruled out military against Tehran if diplomacy fails. North Korea is planning on testing and launching missiles despite a strong warning from the West. As the geo-political sabre rattling continues it appears savvier investors are choosing Gold over fiat currencies...

MY SWING NUMBERS 4/10

JUNE GOLD

RESISTANCE # 2............$1657.00

RESISTANCE # 1............$1651.00

PIVOT...........................$1644.00

SUPPORT # 1.................$1644.00

SUPPORT # 2.................$1631.00

VOLUME........................128,000

MAY SILVER

RESISTANCE # 2............$32.45

RESISTANCE # 1............$32.01

PIVOT...........................$31.66

SUPPORT #1..................$31.21

SUPPORT # 2.................$30.87

VOLUME.......................40,000

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