Gold Settles $6.50 Lower ... ($1597.70)

Today's August Gold futures traded a seesaw $16.20 range.

After Friday's mammoth ($53.80) rally it appeared that traders took profits as the rally momentum stalled during the overnight Asian trade. Once again the $1600.00 trading level has become a psychological pivot point. Tuesday's markets will close early and Wednesday's U.S markets will be closed in observance of Independence Day. With the week's abbreviated trading schedule coupled with the UNEMPLOYMENT DATA on Friday the 6th of July it certainly makes sense for traders to liquidate profitable positions when available. September Silver traded a tight 42 cent range and settled 11.3 cents lower and settled at $27.49.9 per ounce.

Wholesale

ECONOMIC DATA: 7/3

FACTORY ORDERS............8:00 AM. CST.

MY SWING NUMBERS 6/26

August Gold

RESISTANCE # 2............. $1613.00

RESISTANCE # 1............. $1603.00

PIVOT........................... .$1597.00

SUPPORT # 1...................$1590.00

SUPPORT # 2...................$1581.00

VOLUME.........................191, 000

September Silver

RESISTANCE # 2.................$27.85

RESISTANCE.#1................. $27.67

PIVOT................................$27.43

SUPPORT # 1..................... $27.25

SUPPORT # 2......................$27.01

VOLUME............................ 20,000

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.