Gold Settles $24.10 Higher ... ($1621.80)

Today's August Gold futures traded a wide $30.40 range as bullish precious metals news sent traders and investors alike seeking gold as their safe haven investment of choice. Crude Oil and precious metals rallied strong on hints that central banks from Europe to China may implement monetary easing to jump start their sluggish economies. The European Central Bank is expected to cut interest rates to help slow the regions debt crisis. Cutting rates and monetary easing are historically bullish precious metals. The European Union is applying new sanctions against Iran for its continued quest to become nuclear capable. In response it has been reported that the Iranian parliament is working on a bill to shut down the Strait of Hormuz to Oil tankers belonging to countries applying the new sanctions....Stay tuned!

On July 1st 2011 August Gold settled at $1491.60 *

Thursday 7/5 economic data:

INITIAL JOBLESS CLAIMS..............7:30 AM. CST.

MARKETS CLOSED WEDNESDAY 7/4 IN OBSERVANCE OF INDEPEDENCE DAY!

MY SWING NUMBERS 6/29

August Gold

RESISTANCE # 2............. $1644.00

RESISTANCE # 1............. $1633.00

PIVOT........................... .$1614.00

SUPPORT # 1...................$1603.00

SUPPORT # 2...................$1584.00

VOLUME.........................104, 000

September Silver

RESISTANCE # 2...............$29.08

RESISTANCE # 1...............$28.61

PIVOT............................. $28.03

SUPPORT # 1...................$27.60

SUPPORT # 2...................$26.97

VOLUME........................ .50,000

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.