Despite another all-time High $1118.50 (Comex) and $1119.10 (Globex) the day session was very lethargic due to the Veterans Day Holiday. The rally was fueled once again off the U.S. Dollar weakness versus the basket of currencies as the Dollar fell to yet another 15 month low.

However the Dollar showed late session strength prompting a profit taking sell-off in the yellow metal. India's Jewelers are on standby as they have placed orders to purchase Gold at the $1060.00 - $1050.00 levels in hopes the Gold will sell off and give them an opportunity to buy a DIP. As always the appetite for Gold in India is insatiable, but with the recent rally ($150.00+ since Labor Day) has curtailed their buying citing price as the issue.

Vietnam's central bank said on Wednesday it would allow imports of Gold to stabilize the market, combat speculation and prevent an impact on the interests of the people it reported in a statement. *THERE HAS BEEN A BAN ON GOLD IMPORTS SINCE 5/2008 IN VIETNAM*...

REPORTS 11/12:

JOBLESS CLAIMS............7:30AM (CST)......

My Swing Numbers 11/12  (December Gold)

RESISTANCE # 2.............$1126.00

RESISTANCE # 1.............$1120.00

PIVOT        ...... ...............$1113.00

SUPPORT # 1..................$1107.00

SUPPORT # 2..................$1100.00