Gold Settles $3.20 Lower ... ($1588.70)

Today's June Gold futures traded a very subdued $14.50 range.

The day session was unable to breach the technical / psychological $1600.00 level and alternated between positive and negative territory most of the session. The possibility of Quantitative easing 3 has been the fuel and incentive to renewed buying. However, traders and investors alike are still very aware of the possibility that Greece will exit the Euro.

The Greeks will go to the polls on June 17th in hopes of finally forming a new government.

Despite Higher Crude Oil prices today the gold futures was unable close positive. July Crude Oil closed higher for the first time since May 10th trading as high as $92.94 per barrel.

July Silver finished the session 39.4 lower ...($28.32.1 per ounce).

ECONOMIC DATA 5/22

Existing Home Sales:...............9:00 am. cst.

MY SWING NUMBERS 5/22

JUNE GOLD

RESISTANCE # 2............... $1606.00

RESISTANCE # 1..................$1598.00

PIVOT.................................$1591.00

SUPPORT # 1.......................$1583.00

SUPPORT # 2.......................$1576.00

VOLUME..............................176,000

JULY SILVER

RESISTANCE # 2..................$29.22

RESISTANCE # 1..................$28.76

PIVOT................................ $28.40

SUPPORT # 1.......................$27.96

SUPPORT # 2.......................$27.58

VOLUME........................... 44,000

PFGBEST Research Division

mdaly@pfgbest.com

877-294-4669

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.