Precious Metals Market Comments

Gold Settles $21.10 Higher ... ($1588.40)

Today's August Gold futures traded a $22.10 choppy range. The market was fueled as short covering and renewed safe- haven buying helped push the yellow metal through the $1575-$1585 resistance levels. Despite lower Crude Oil prices and a stronger U.S Dollar it became apparent that investors and traders alike were choosing the precious metals as their alternative investment choice as the news from the European Union continues to capture the world's headlines. Greece's newly elected finance minister will have to be replaced due to health issues. And German Chancellor Angela Merkel reportedly stated that EU members need to be responsible for their own debt.

July Silver traded a huge $102.5 range and settled 85.9 cents higher ...$27.52 per ounce.

Economic Data: 6/26

CONSUMER CONFIDENCE...........9:00 am. cst.

MY SWING NUMBERS 6/26

August Gold

RESISTANCE # 2............. $1603.00

RESISTANCE # 1............. $1599.00

PIVOT........................... .$1581.00

SUPPORT # 1...................$1565.00

SUPPORT # 2...................$1559.00

VOLUME.........................120,000

July Silver

RESISTANCE # 2.................$28.16

RESISTANCE.#1................. $27.69

PIVOT................................$27.13

SUPPORT # 1..................... $26.66

SUPPORT # 2......................$26.10

VOLUME............................ 49,000

PFGBEST Research Division

mdaly@pfgbest.com

877-294-4669

312-775-3014

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.