Thursday, April 12, 2012 at 2:53 PM

Gold Settled $20.30 Higher ... ($1680.60)

Today's June Gold Futures traded a very choppy and volatile $30.30 range as traders reacted to the unexpected rise in Initial Jobless Claims. The U.S Department of Labor reported that initial claims rose by 13,000 (380,000) and prompting investors to speculate that the labor market recovery may be slowing. The weakness of the U.S Dollar and Higher Crude Oil prices also supported and fueled higher precious metals prices today. Also the geo-political tension with Iran, Syria, and North Korea also have investors seeking the precious metals as their: safe haven alternative investment of choice. It also appears that individual investors are once buying Gold jewelry, coins, and physical Gold bars in order to have tangible assets.

Gold bugs beware! FOMC Chairman Ben Bernanke is speaking tomorrow. Ben Bernanke has single handedly sank the precious metals during his last three speeches...This may explain today's very light day session volume...

ECONOMIC DATA 4/13

CPI............................7:30 AM. CST.

REAL EARNING...........7:30 AM CST

MY SWING NUMBERS 4/13

RESISTANCE # 2............$1701.00

RESISTANCE # 1............$1691.00

PIVOT........................ $1671.00

SUPPORT # 1.................$1661.00

SUPPORT # 2.................$1641.00

VOLUME........................103,000

MAY SILVER

RESISTANCE # 2............$33.33

RESISTANCE # 1............$32.92

PIVOT...........................$32.17

SUPPORT # 1.................$31.76

SUPPORT # 2.................$31.01

VOLUME..................... 39,000

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