Gold Settled $16.80 Higher ... ($1660.70)

Today's June Gold Futures session covered a very choppy and volatile $32.30 range.

The Low of the session was $1632.50(9:50 cst) and approximately 11:20 (cst) the market began

to rally trading the high of the day ($1664.80) just one hour later. Apparently the economic data out of China and the geo-political tension with Iran, Syria, and North Korea have convinced global investors and traders to choose Gold as there safe haven alternative investment choice.

However, despite this recent rally from $1613.00 (April 4th) traders and investors alike will be watching FOMC Chairman Ben Bernanke's comments very closely on Friday April 13th.

Chairman Bernanke has single handedly sank the Gold market the last 3 times he spoke.

The scenario may be a bit different Friday due to the poor Unemployment Data released last Friday. So maybe the script will change somewhat.... We shall see soon enough.

MY SWING NUMBERS 4/11

JUNE GOLD

RESISTANCE # 2................$1685.00

RESISTANCE # 1................$1673.00

PIVOT.............................. $1653.00

SUPPORT # 1.....................$1641.00

SUPPORT # 2.....................$1621.00

VOLUME............................83,000

MAY SILVER

RESISTANCE # 2.................$32.41

RESISTANCE # 1.................$32.04

PIVOT............................... $31.57

SUPPORT # 1.....................$31.20

SUPPORT # 2.....................$30.73

VOLUME............................34,000

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.