Today's June gold futures traded a $25.80 range including a high of $1577.70 and a low of $1551.90. Traders and investors alike ay have seen yesterday's massive price dip as an bargain buying' opportunity in spite a stronger U.S Dollar and news that the European Debt crisis is putting a strain on Germany which is the strongest economy in the Euro region.

The yellow metal again was unable to hold earlier gains as once again member of the FOMC pulled back on easing. New York FED boss William Dudley stated the costs of further easing could likely exceed benefits if the economic growth cuts into unused resources...

This week's Initial Jobless Claims were reported to be 370,000.

MY SWING NUMBERS 5/22

JUNE GOLD

RESISTANCE # 2............... $1588.00

RESISTANCE # 1..................$1572.00

PIVOT.................................$1562.00

SUPPORT # 1.......................$1547.00

SUPPORT # 2.......................$1536.00

VOLUME..............................259,000

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.