by Mike Daly, PFGBEST

1-877-294-4669

mdaly@PFGBEST.com
Friday, May 18, 2012 at 5:54 AM\

Gold Settles $38.40 Higher … ($1574.90)

Today’s June Gold futures rebounded from four straight losing sessions and traded a robust $41.40 range. The Gold futures held a very key support level between $1520.00 and $1525.00
this coupled with the news from the FOMC April meeting minutes suggesting that several members of FED were in favor of more Quantitative Easing if the U.S Economy continues to falter brought the “bulls” back into the precious metals. Despite lower Crude Oil, U.S Dollar strength, and the continued chaos in Greece the possibility of more Easing / Stimulus completely trumped everything. The recent sell-off may have been overdone in my opinion however, the market is always right and certainly filled in a lot of technical gaps and pockets.
These levels may have also sparked bargain buying opportunities as the WGC (World Gold Council) announced that demand in China is increasing and may add 1,000 metric tons to their already insatiable demand by year end and may topple India as the number one consumer of Gold in the world soon…It has been reported that Iran is actively buying Gold bullion from Turkey for savings as well as trading currency as the sanctions imposed by the West begin to tighten…

Today the U.S Department of Labor report on Initial Jobless Claims is 370,000…
This was expected to be 365,000…..

RESISTANCE # 2……………    $1605.00
RESISTANCE # 1………………$1589.00
PIVOT……………………………$1564.00
SUPPORT # 1…………………..$1549.00
SUPPORT # 2…………………..$1523.00
VOLUME…………………………253,000

JULY SILVER
RESISTANCE # 2………………$28.95
RESISTANCE # 1………………$28.48
PIVOT…………………………..  $27.83
SUPPORT # 1…………………..$27.36
SUPPORT # 2…………………..$26.71

PFGBEST Research Division
mdaly@pfgbest.com 
877-294-4669

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.

by Mike Daly, PFGBEST

1-877-294-4669

mdaly@PFGBEST.com
Tuesday, May 15, 2012 at 2:06 PM\

Gold Settles $3.90 Lower … ($1557.10)

Today’s June Gold futures covered a choppy and volatile $17.60 range as traders and investors alike are watching the chaos in Greece as the political uncertainty continues to pressure the Euro currency as well as the region. Greece’s elections on May 6th declared no clear-cut winner and after yielding no results today the country will hold another election in its attempt to form a new government. This political impasse has helped strengthen the U.S. Dollar as investors are choosing the Dollar and U.S Treasuries as their investment choice. A stronger U.S Dollar is normally “bearish” for precious metals. Today’s trading session produced low of $1546.80 the lowest level since December 29th…. After three straight losing sessions we have breached and held the $1545- $1550 support level…This is a very technical and pivotal level for the gold bugs…I guess time will tell….

ECONOMIC DATA 5/16
Housing Starts and Permits………7:30 am. cst.

RESISTANCE # 2………………$1574.00
RESISTANCE # 1………………$1565.00
PIVOT……………………………$1556.00
SUPPORT # 1…………………..$1548.00
SUPPORT # 2…………………..$1538.00
VOLUME…………………………151,000

JULY SILVER
RESISTANCE # 2………………$28.67
RESISTANCE # 1………………$28.38
PIVOT…………………………..  $28.14
SUPPORT # 1…………………..$27.84
SUPPORT # 2…………………..$27.61
VOLUME……………………….. 35,000
.

PFGBEST Research Division
mdaly@pfgbest.com 
877-294-4669

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.

by Mike Daly, PFGBEST

1-877-294-4669

mdaly@PFGBEST.com
Tuesday, May 15, 2012 at 2:06 PM\

Gold Settles $3.90 Lower … ($1557.10)

Today’s June Gold futures covered a choppy and volatile $17.60 range as traders and investors alike are watching the chaos in Greece as the political uncertainty continues to pressure the Euro currency as well as the region. Greece’s elections on May 6th declared no clear-cut winner and after yielding no results today the country will hold another election in its attempt to form a new government. This political impasse has helped strengthen the U.S. Dollar as investors are choosing the Dollar and U.S Treasuries as their investment choice. A stronger U.S Dollar is normally “bearish” for precious metals. Today’s trading session produced low of $1546.80 the lowest level since December 29th…. After three straight losing sessions we have breached and held the $1545- $1550 support level…This is a very technical and pivotal level for the gold bugs…I guess time will tell….

ECONOMIC DATA 5/16
Housing Starts and Permits………7:30 am. cst.

RESISTANCE # 2………………$1574.00
RESISTANCE # 1………………$1565.00
PIVOT……………………………$1556.00
SUPPORT # 1…………………..$1548.00
SUPPORT # 2…………………..$1538.00
VOLUME…………………………151,000

JULY SILVER
RESISTANCE # 2………………$28.67
RESISTANCE # 1………………$28.38
PIVOT…………………………..  $28.14
SUPPORT # 1…………………..$27.84
SUPPORT # 2…………………..$27.61
VOLUME……………………….. 35,000
.

PFGBEST Research Division
mdaly@pfgbest.com 
877-294-4669

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.

by Mike Daly, PFGBEST

1-877-294-4669

mdaly@PFGBEST.com
Tuesday, May 15, 2012 at 2:06 PM\

Gold Settles $3.90 Lower … ($1557.10)

Today’s June Gold futures covered a choppy and volatile $17.60 range as traders and investors alike are watching the chaos in Greece as the political uncertainty continues to pressure the Euro currency as well as the region. Greece’s elections on May 6th declared no clear-cut winner and after yielding no results today the country will hold another election in its attempt to form a new government. This political impasse has helped strengthen the U.S. Dollar as investors are choosing the Dollar and U.S Treasuries as their investment choice. A stronger U.S Dollar is normally “bearish” for precious metals. Today’s trading session produced low of $1546.80 the lowest level since December 29th…. After three straight losing sessions we have breached and held the $1545- $1550 support level…This is a very technical and pivotal level for the gold bugs…I guess time will tell….

ECONOMIC DATA 5/16
Housing Starts and Permits………7:30 am. cst.

RESISTANCE # 2………………$1574.00
RESISTANCE # 1………………$1565.00
PIVOT……………………………$1556.00
SUPPORT # 1…………………..$1548.00
SUPPORT # 2…………………..$1538.00
VOLUME…………………………151,000

JULY SILVER
RESISTANCE # 2………………$28.67
RESISTANCE # 1………………$28.38
PIVOT…………………………..  $28.14
SUPPORT # 1…………………..$27.84
SUPPORT # 2…………………..$27.61
VOLUME……………………….. 35,000
.

PFGBEST Research Division
mdaly@pfgbest.com 
877-294-4669

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.

by Mike Daly, PFGBEST

1-877-294-4669

mdaly@PFGBEST.com
Tuesday, May 15, 2012 at 4:26 AM\

Gold Settles $23.00 Lower … ($1561.00)

Today’s June Gold futures traded a volatile and choppy $35.80 range as a Greek political stalemate raises tensions within the European Union. Unable to reach a reach an agreement on forming a new government Greece is on the verge of pushing the country closer to financial default. Unless an agreement can be met tomorrow there is a real possibility that Greece may become the first country to forsake the Euro. Greece is scheduled to run out of money next month and they have no set government in place to negotiate the next bailout payment.
The latest chaos in Greece has raised the tension in the Euro region to new heights and sending investors out of the weakened Euro and into the U.S Dollar and U.S Treasuries.

Economic data: 5/15
CPI……………………….  .7:30 am. cst.
Business Inventories……..7:30 am. cst.
Real Earnings…………... .7:30 am. cst.
Retail Sales…………….....7:30 am.cst.

RESISTANCE # 2………………$1602.00
RESISTANCE # 1………………$1582.00
PIVOT……………………………$1566.00
SUPPORT # 1…………………..$1545.00
SUPPORT # 2…………………..$1530.00
VOLUME…………………………151,000

JULY SILVER
RESISTANCE # 2………………$29.32
RESISTANCE # 1………………$28.83
PIVOT…………………………..  $28.52
SUPPORT # 1…………………..$28.04
SUPPORT # 2…………………..$27.72
VOLUME……………………….. 35,000
.

PFGBEST Research Division
mdaly@pfgbest.com 
877-294-4669

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.

Precious Metals Market Comments

by Mike Daly, PFGBEST

1-877-294-4669

mdaly@PFGBEST.com

Monday, May 14, 2012 at 2:02 PM\

Gold Settles $23.00 Lower … ($1561.00)

Today’s June Gold futures traded a volatile and choppy $35.80 range as a Greek political stalemate raises tensions within the European Union. Unable to reach a reach an agreement on forming a new government Greece is on the verge of pushing the country closer to financial default. Unless an agreement can be met tomorrow there is a real possibility that Greece may become the first country to forsake the Euro. Greece is scheduled to run out of money next month and they have no set government in place to negotiate the next bailout payment.

The latest chaos in Greece has raised the tension in the Euro region to new heights and sending investors out of the weakened Euro and into the U.S Dollar and U.S Treasuries.

Economic data: 5/15

CPI………………………. .7:30 am. cst.

Business Inventories……..7:30 am. cst.

Real Earnings…………... .7:30 am. cst.

Retail Sales…………….....7:30 am.cst.

RESISTANCE # 2………………$1602.00

RESISTANCE # 1………………$1582.00

PIVOT……………………………$1566.00

SUPPORT # 1…………………..$1545.00

SUPPORT # 2…………………..$1530.00

VOLUME…………………………151,000

JULY SILVER

RESISTANCE # 2………………$29.32

RESISTANCE # 1………………$28.83

PIVOT…………………………..  $28.52

SUPPORT # 1…………………..$28.04

SUPPORT # 2…………………..$27.72

VOLUME……………………….. 35,000

.

PFGBEST Research Division

mdaly@pfgbest.com 

877-294-4669

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.

by Mike Daly, PFGBEST

1-877-294-4669

mdaly@PFGBEST.com
Friday, May 11, 2012 at 2:34 PM

Gold Settles $11.50 Lower … (1584.00)

Today’s June Gold futures traded a $23.20 range which included a new low for the year. The day session traded as low as $1572.00 a level we have seen since December 30th 2011.
The precious metals remain under siege as the European Union debt crisis chaos continues to pressure the Euro currency and steering investors into the U.S Dollar and U.S treasuries as their preferred investment choice. Greece has received its 5.2 Billion Euro bailout from the ETSF (European Financial Stability facility) despite Greece’s inability to form a government.
Spain is seeking a 4.5 Billion Euro bailout in June in order to pay its bills. The uncertainty in the Euro region has caused traders and investors alike to be more tentative with their trading strategies especially when it comes to carrying open positions over night. The gold market reacted negatively to reports that J.P Morgan had suffered a 2 billion dollar trading loss on credit derivatives. Overall this has been a tough week for the Gold market and I expect the choppy and volatile conditions to continue as the European Union chaos drags on.

News from the week:

Thursday:

Today’s June Gold futures traded a quiet $17.20 range as global investors and traders alike remained tentative and viewed U.S Economic data and another European Union debt crisis reprieve as Greece will keep their funding until political election issues are resolved and a new Greek government is in place. This news resulted in a stronger Euro versus the U.S Dollar and therefore providing appeal for Gold. FOMC Chairman Ben Bernanke spoke to the Bank structure and confidence conference today and that may have sidelined many Gold bugs as his last speeches since 2/29 have single handedly crushed the price of Gold. On February 28th the June Gold contract traded as high as $1795.10. On February 29th  Chairman Bernanke revealed that there would not be a need for more economic stimulus in the near future which completely contradicted what the FOMC had been hinting for the previous 3 months causing the Gold to trade as low as $1680.00 during the day session. That’s a drop of $115.10 in a 24 hour period.
It is apparent that when Mr.. Bernanke speaks the “markets listen”……………
 In today’s speech Mr.. Bernanke stated “The banks have more to do to restore their health” “the banking sector has improved substantially” & “that demand for credit has remained sluggish”.
There was no mention of stimulus…

Wednesday:

Today’s June Gold futures traded a choppy and volatile $28.50 range and settling under $1600.00 per ounce for the first time since December 30th. Today’s volatility was attributed to concerns over Greek politician’s inability to form a new government. Once again the news from the European Union is as clear as mud. News confirmed and then denied and then confirmed that Greece would receive its bailout funds. The EFSF (European Financial Stability Facility) confirmed the release of 5.2 Billion Euro’s for Greece. Gold prices dropped as low as $1678.50 per ounce today as early reports and rumors concerning the bailout and the future status of Greece’s role as a member of the European Union chased investors into the U.S Dollar and U.S Treasuries as the EURO currency remained under siege. Investors feared that Greece would leave the European Union and have to sell gold reserves in order to pay its bills…
Between the FOMC and the continued debt crisis in the European Union the price of Gold has dropped from the years high of $1795.10 (2/28) to today’s low $1578.50… That’s a drop of $216.60 in 9 weeks. Without the strong physical buying presence from China and India the precious metals markets have been unable to retain rally momentum.
FOMC Chairman Ben Bernanke will address the 48th annual conference on Bank structure and competition that is sponsored by the Chicago FED. This is slated for 8:30 am, CST…..

Tuesday:

Today’s June Gold futures traded a choppy and volatile $44.00 range as investors and traders alike react to the latest European Union debt crisis. Today’s day session traded a low of $1595.50 a level it has not seen since January 3rd 2012. Global investors are viewing the leadership change in both Greece and France has heightened the political and economic turmoil in the Euro Region. The Euro currency is under siege as the instability of the Greek government has placed a heavy financial burden on the entire European Union as well as forcing global investors to buy U.S Dollars and U.S Treasuries. President elect François Hollande of France is scheduled to take charge May 15th has been very outspoken in regards to the financial bailouts given to Greece and the devastating effect it has had on France as well as the rest of the European Union. The French elected the Socialist party candidate ousting Nicholas Sarkozy who along with German Chancellor Angela Merkel was instrumental in getting Greece their bailouts. Apparently the citizens of France are tired of shouldering the economic weight that has
threatened the economic climate of France. A weaker Euro is ‘bullish’ for the U.S Dollar.
A strong U.S Dollar is “bearish” for precious metals lower Crude oil prices also attributed to lower precious metals prices as the June Crude Oil futures traded as low as $95.52 per barrel during the day session

 
MY SWING NUMBERS 5/10
JUNE GOLD
RESISTANCE # 2………………$1607.00
RESISTANCE # 1………………$1596.00
PIVOT……………………………$1584.00
SUPPORT # 1…………………..$1573.00
SUPPORT # 2…………………..$1561.00
VOLUME…………………………138,000

JULY SILVER
RESISTANCE # 2………………$29.49
RESISTANCE # 1………………$29.18
PIVOT…………………………..  $28.80
SUPPORT # 1…………………..$28.50
SUPPORT # 2…………………..$28.11
VOLUME……………………….. 33,000
.

PFGBEST Research Division
mdaly@pfgbest.com 
877-294-4669

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.

by Mike Daly, PFGBEST

1-877-294-4669

mdaly@PFGBEST.com
Thursday, May 10, 2012 at 2:11 PM

Gold Settles $1.30 Higher … ($1595.50)

Today’s June Gold futures traded a quiet $17.20 range as global investors and traders alike remained tentative and viewed U.S Economic data and another European Union debt crisis reprieve as Greece will keep their funding until political election issues are resolved and a new Greek government is in place. This news resulted in a stronger Euro versus the U.S Dollar and therefore providing appeal for Gold. FOMC Chairman Ben Bernanke spoke to the Bank structure and confidence conference today and that may have sidelined many Gold bugs as his last speeches since 2/29 have single handedly crushed the price of Gold. On February 28th the June Gold contract traded as high as $1795.10. On February 29th  Chairman Bernanke revealed that there would not be a need for more economic stimulus in the near future which completely contradicted what the FOMC had been hinting for the previous 3 months causing the Gold to trade as low as $1680.00 during the day session. That’s a drop of $115.10 in a 24 hour period.
It is apparent that when Mr. Bernanke speaks the “markets listen”……………
 In today’s speech Mr. Bernanke stated “The banks have more to do to restore their health” “the banking sector has improved substantially” & “that demand for credit has remained sluggish”.
There was no mention of stimulus…

Economic Data 5/11
PPI…………7:30 am. CST.
 
MY SWING NUMBERS 5/10
JUNE GOLD
RESISTANCE # 2………………$1611.00
RESISTANCE # 1………………$1603.00
PIVOT……………………………$1594.00
SUPPORT # 1…………………..$1586.00
SUPPORT # 2…………………..$1577.00
VOLUME…………………………211,000

JULY SILVER
RESISTANCE # 2………………$29.71
RESISTANCE # 1………………$29.44
PIVOT…………………………..  $29.19
SUPPORT # 1…………………..$28.92
SUPPORT # 2…………………..$28.67
VOLUME……………………….. 47,000
.

PFGBEST Research Division
mdaly@pfgbest.com 
877-294-4669

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.

by Mike Daly, PFGBEST

1-877-294-4669

mdaly@PFGBEST.com
Wednesday, May 09, 2012 at 3:03 PM

Gold Settles $10.30 Lower … ($1594.20)

Today’s June Gold futures traded a choppy and volatile $28.50 range and settling under $1600.00 per ounce for the first time since December 30th. Today’s volatility was attributed to concerns over Greek politician’s inability to form a new government. Once again the news from the European Union is as clear as mud. News confirmed and then denied and then confirmed that Greece would receive its bailout funds. The EFSF (European Financial Stability Facility) confirmed the release of 5.2 Billion Euro’s for Greece. Gold prices dropped as low as $1678.50 per ounce today as early reports and rumors concerning the bailout and the future status of Greece’s role as a member of the European Union chased investors into the U.S Dollar and U.S Treasuries as the EURO currency remained under siege. Investors feared that Greece would leave the European Union and have to sell gold reserves in order to pay its bills…
Between the FOMC and the continued debt crisis in the European Union the price of Gold has dropped from the years high of $1795.10 (2/28) to today’s low $1578.50… That’s a drop of $216.60 in 9 weeks. Without the strong physical buying presence from China and India the precious metals markets have been unable to retain rally momentum.
FOMC Chairman Ben Bernanke will address the 48th annual conference on Bank structure and competition that is sponsored by the Chicago FED. This is slated for 8:30 am, CST…..

ECONOMIC DATA: 5/10
EXPORT SALES…………..….7:30 AM. CST.
U.S TRADE BALANCE……….7:30 AM. CST.  
INITIAL JOBLESS CLAIMS.....7:30 AM. CST.

MY SWING NUMBERS 5/10
JUNE GOLD
RESISTANCE # 2………………$1622.00
RESISTANCE # 1………………$1607.00
PIVOT……………………………$1593.00
SUPPORT # 1…………………..$1579.00
SUPPORT # 2…………………..$1564.00
VOLUME…………………………186,000

JULY SILVER
RESISTANCE # 2………………$30.01
RESISTANCE # 1………………$29.62
PIVOT…………………………..  $29.12
SUPPORT # 1…………………..$28.74
SUPPORT # 2…………………..$28.23
VOLUME……………………….. 42,000
.

PFGBEST Research Division
mdaly@pfgbest.com 
877-294-4669

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.

by Mike Daly, PFGBEST

1-877-294-4669

mdaly@PFGBEST.com
Tuesday, May 08, 2012 at 2:19 PM

Gold Settles $34.60 Lower … ($1604.50)

Today’s June Gold futures traded a choppy and volatile $44.00 range as investors and traders alike react to the latest European Union debt crisis. Today’s day session traded a low of $1595.50 a level it has not seen since January 3rd 2012. Global investors are viewing the leadership change in both Greece and France has heightened the political and economic turmoil in the Euro Region. The Euro currency is under siege as the instability of the Greek government has placed a heavy financial burden on the entire European Union as well as forcing global investors to buy U.S Dollars and U.S Treasuries. President elect François Hollande of France is scheduled to take charge May 15th has been very outspoken in regards to the financial bailouts given to Greece and the devastating effect it has had on France as well as the rest of the European Union. The French elected the Socialist party candidate ousting Nicholas Sarkozy who along with German Chancellor Angela Merkel was instrumental in getting Greece their bailouts. Apparently the citizens of France are tired of shouldering the economic weight that has
threatened the economic climate of France. A weaker Euro is ‘bullish’ for the U.S Dollar.
A strong U.S Dollar is “bearish” for precious metals lower Crude oil prices also attributed to lower precious metals prices as the June Crude Oil futures traded as low as $95.52 per barrel during the day session.

ECONOMIC DATA 5/9

WHOLESALE TRADE………….7:30 AM. CST.

MY SWING NUMBERS 5/9
JUNE GOLD
RESISTANCE # 2………………$1657.00
RESISTANCE # 1………………$1630.00
PIVOT……………………………$1613.00
SUPPORT # 1…………………..$1587.00
SUPPORT # 2…………………..$1569.00
VOLUME…………………………91,000

JULY SILVER
RESISTANCE # 2………………$30.56
RESISTANCE # 1………………$30.00
PIVOT…………………………..  $29.57
SUPPORT # 1…………………..$29.02
SUPPORT # 2…………………..$28.58
VOLUME……………………….. 28,000
.

PFGBEST Research Division
mdaly@pfgbest.com 
877-294-4669

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.