Despite a stronger U.S Dollar today the Gold traders made a late session push and closing over my 1st Resistance level. I believe this is simple speculation that the U.S Dollar will fall back. Globex continued to rally after the (Comex) day session closed. Remember the all-time high is recorded from the Globex... ($1153.40)... There are some key economic reports to be released Tuesday 11/24 including CPI and GDP. Many investors feel the Dollar may decline off one if not both reports. Jewelers in India have raised their bid to re-enter up around the $1125.00 level (not as substantial as the $1050.00 level) showing their eagerness to satisfy the largest consumers of Gold in the world. These past few months in the precious metals have seen speculation of epic proportions and shows little signs of slowing......

REPORTS: NEXT TUESDAY 11/24****

GDP............7:30 am (CST)
CPI..............9:00 am (CST)

My swing numbers for Monday 11/23... (DECEMBER GOLD)
RESISTANCE # 2...................$1154.00
RESISTANCE # 1 ..................$1149.00
PIVOT...................................$1143.50
SUPPORT # 1........................$1139.00
SUPPORT # 2........................$1132.00

I WILL MOVE TO FEBRUARY AFTER MONDAY *****

Mike Daly / Gold Specialist