by Mike Daly, PFGBEST

1-877-294-4669

mdaly@PFGBEST.com

Wednesday, February 22, 2012 at 2:12 PM

Gold Settled $12.80 Higher … ($1771.30)

Today’s April Gold Futures contract traded $23.50 range as traders and investors continue to choose Gold as their safe haven investment choice. The geo-political tension with Iran has traders concerned that the volatile situation may escalate into a warring environment. And as we Gold bugs are aware a warring environment especially in an Oil producing region traditionally is very "bullish" for Gold. The session traded a very tight range as the April contract ranged between $1750.00 & $1758.00 until 12::00 noon before rallying $1774.20 shortly before the session closed. As of this post the April Globex market traded as high as $1783.40.

April Crude Oil futures traded as high as $106.72 per barrel today…….

March Silver was unable to maintain its rally momentum and actually closed 17.5 cents lower at

$34.28.9 per ounce.

ECONOMIC DATA 2/23

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

MY SWING NUMBERS 2/23

APRIL GOLD

RESISTANCE # 2……………$1789.00

RESISTANCE # 1…………....$1779.00

PIVOT…………………………$1765.00

SUPPORT # 1………………..$1757.00

SUPPORT # 2………………..$1721.00

VOLUME………………………133,000

MARCH SILVER

RESISTANCE # 2…………….$34.71

RESISTANCE # 1…………….$34.50

PIVOT………………………….$34.20

SUPPORT # 1………………...$33.99

SUPPORT # 2………………...$33.69

VOLUME………………………50,000

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.

by Mike Daly, PFGBEST

1-877-294-4669

mdaly@PFGBEST.com

Wednesday, February 22, 2012 at 2:12 PM

Gold Settled $12.80 Higher … ($1771.30)

Today’s April Gold Futures contract traded $23.50 range as traders and investors continue to choose Gold as their safe haven investment choice. The geo-political tension with Iran has traders concerned that the volatile situation may escalate into a warring environment. And as we Gold bugs are aware a warring environment especially in an Oil producing region traditionally is very "bullish" for Gold. The session traded a very tight range as the April contract ranged between $1750.00 & $1758.00 until 12::00 noon before rallying $1774.20 shortly before the session closed. As of this post the April Globex market traded as high as $1783.40.

April Crude Oil futures traded as high as $106.72 per barrel today…….

March Silver was unable to maintain its rally momentum and actually closed 17.5 cents lower at

$34.28.9 per ounce.

ECONOMIC DATA 2/23

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

MY SWING NUMBERS 2/23

APRIL GOLD

RESISTANCE # 2……………$1789.00

RESISTANCE # 1…………....$1779.00

PIVOT…………………………$1765.00

SUPPORT # 1………………..$1757.00

SUPPORT # 2………………..$1721.00

VOLUME………………………133,000

MARCH SILVER

RESISTANCE # 2…………….$34.71

RESISTANCE # 1…………….$34.50

PIVOT………………………….$34.20

SUPPORT # 1………………...$33.99

SUPPORT # 2………………...$33.69

VOLUME………………………50,000

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.

Precious Metals Market Comments

by Mike Daly, PFGBEST

1-877-294-4669

mdaly@PFGBEST.com

Tuesday, February 21, 2012 at 2:27 PM

Gold Settled $32.60 Higher … ($1758.50)

Today’s April Gold Futures session traded a vast $32.60 range as traders and investors used today’s economic and geo-political news choose the precious metals as their currency of choice. Early on we learned that after several months of negotiations Greece was awarded their 130 billion Euro’s it needed to avoid a March bankruptcy The bailout is seen as “bullish” for the Euro and therefore negative for the U.S Dollar. A weaker Dollar is “bullish” for Gold.

Gold was even further fueled as Crude Oil sky rocketed as tensions inside Iran continue to grow. Iran is feeling the effect of the sanctions imposed by the West for its continued enrichment of uranium in order to achieve nuclear capability. The Iranians are concerned there may be a military strike against its nuclear facilities and today Mohammad Hejazi the deputy head of the Islamic republic’s armed forces stated “We do not wait for enemies to take action against us “and added “We will use all our means to protect our interests”. The sabre rattling has gone to the next level and has speculators concerned that any warring environment in the region would affect the supply and transportation of Crude Oil. Higher Crude oil prices are considered inflationary and therefore (normally) would be “bullish for Gold”. March Crude oil futures traded as high as $106.07 per barrel as of this post. ($2.70 plus higher)…….

MY SWING NUMBERS 2/22

APRIL GOLD

RESISTANCE # 2…………$1780.00

RESISTANCE # 1…………$1769.00

PIVOT……………………...$1748.00

SUPPORT # 1……………..$1737.00

SUPPORT # 2……………..$1710.00

VOLUME……………………181,000

MARCH SILVER

RESISTANCE # 2…………$35.21

RESISTANCE # 1…………$34.81

PIVOT……………………...$34.07

SUPPORT # 1……………..$33.69

SUPPORT # 2……………..$32.93

VOLUME…………………..51,000

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.

by Mike Daly, PFGBEST

1-877-294-4669

mdaly@PFGBEST.com
Friday, February 17, 2012 at 1:49 PM

Gold Closed $2.50 Lower Today and Settles at ($1725.90) For The Week ….

Today’s trading session has been indicative of the entire week. April Gold traded a very technical, choppy, and volatile $18.90 range. The range held support and resistance levels as the world’s investors and traders continue to decipher the news out of the European Union.
The news from the EU continues to change seemingly minute to minute. We hear rumors and news from the regions Finance ministers that are as clear as mud. The debt situation in Greece is virtually the main drag on the momentum of the precious metals markets.
The news in the Middle-east concerning Iran and its sabre rattling over economic sanctions imposed by the West and the rioting and demonstrations in both Egypt and Syria have fueled higher Crude Oil prices recently as traders are speculating that these Geo-political tensions have the potential to accelerate and possibly affect Oil supply or transportation .March Crude Oil futures traded as high as $103.57 per barrel on Friday. This should be “bullish “for the precious metal. However, investors are flocking to the U.S Dollar as the Euro continues to be pressured by the non action concerning their second bailout package. A WEAKER Euro is “bullish” for the U.S Dollar…………

NOTEWORTHY WEEKLY NEWS:

THURSDAY:

April gold traded as low as $1706.70 early on in the session as the European news regarding the Greek bailout continued to be negative causing investors to choose the U.S. Dollar over the precious metals as their currency of choice. A weaker Euro is ‘bullish for the Dollar and a stronger Dollar is negative for Gold. Mid to late session rumors from the E.U began to put a more positive spin on Greece’s chances to obtain their second relief package. The rumors began to turn more factual and sent investors buying Gold and Silver as the U.S Dollar dropped versus the Euro…..Causing Gold to close positive.

The U.S Labor Department reported that Initial Jobless Claims were 348,000 much better than the 365,000 that had been projected.

TUESDAY:

The world continues to watch Greece struggle in its attempt to meet the latest austerity measures in order to receive its second rescue package.Eurogroup President Jean-Claude Juncker has invited euro zone ministers to a conference call on Wednesday, February 15th, to discuss a second Greek program, he said on Tuesday, changing a previous plan to hold a meeting with the ministers in Brussels as reported by REUTERS. The format changed as Mr Juncker was waiting to receive assurances from the Greek parliament over the implantation of a reform program, as well as other technical work needed to be addressed.
Greece has a track record of making promises and not delivering, and hopefully this time will result in a different outcome. The fragility and indecision in the region has been a huge drag on the precious metals. Traders have been less active in the precious metals as Gold bugs are taking a wait and see approach before forming their trading strategies. The trading volume has dipped dramatically in the past few sessions.

MONDAY:

By Antonis Galanopoulos and Natalie Weeks
     Feb. 10 (Bloomberg) -- Greek Prime Minister Lucas Papademos secured approval from his Cabinet to submit laws for new budget secured approval from his Cabinet to submit laws for a new budget
secured approval from his Cabinet to submit laws for new budget measures designed to secure a second rescue package for the country, according to a government official today..      The official, who declined to be named, spoke to reporters in Athens at the end of the Cabinet meeting……
THIS NEWS SHOULD HAVE BEEN MUCH MORE “BULLISH FOR GOLD!
However, due to the demonstrations and rioting in the streets of Athens It is my opinion that traders and global investors are taking a wait and see approach before re-entering the Gold market.
Gold traders are also eyeing the Geo-political tensions in Iran, Egypt, and Syria….

MY SWING NUMBERS FOR 1/20 (PRESIDENTS DAY) Exchanges are closed…..
GLOBEX WILL TRADE SUNDAY NIGHT……
APRIL GOLD
RESISTANCE # 2……….$1746.00
RESISTANCE # 1……….$1735.00
PIVOT…………………….$1727.00
SUPPORT # 1…………...$1717.00
SUPPORT # 2…………...$1708.00

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, February 16, 2012 at 2:16 PM

Gold Settles 30 Cents Higher … ($1728.40)

Today’s April Gold Futures session covered a very choppy $24.90 range.
April gold traded as low as $1706.70 early on in the session as the European news regarding the Greek bailout continued to be negative causing investors to choose the U.S. Dollar over the precious metals as their currency of choice. A weaker Euro is ‘bullish for the Dollar and a stronger Dollar is negative for Gold. Mid to late session rumors from the E.U began to put a more positive spin on Greece’s chances to obtain their second relief package. The rumors began to turn more factual and sent investors buying Gold and Silver as the U.S Dollar dropped versus the Euro…..Causing Gold to close positive.

The U.S Labor Department reported that Initial Jobless Claims were 348,000 much better than the 365,000 that had been projected.

MY SWING NUMBERS 2/17
APRIL GOLD
RESISTANCE # 2………$1747.00
RESISTANCE # 1………$1737.00
PIVOT…………………...$1722.00
SUPPORT # 1………… .$1712.00
SUPPORT # 2…………. $1697.00
VOLUME…………………157,000

MARCH SILVER
RESISTANCE # 2………$33.90
RESISTANCE # 1………$33.74
PIVOT……………………$33.19
SUPPORT # 1…………..$32.82
SUPPORT # 2…………..$32.49
VOLUME………………..48,000

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.

by Mike Daly, PFGBEST

1-877-294-4669

mdaly@PFGBEST.com
Thursday, February 16, 2012 at 2:16 PM

Gold Settles 30 Cents Higher … ($1728.40)

Today’s April Gold Futures session covered a very choppy $24.90 range.
April gold traded as low as $1706.70 early on in the session as the European news regarding the Greek bailout continued to be negative causing investors to choose the U.S. Dollar over the precious metals as their currency of choice. A weaker Euro is ‘bullish for the Dollar and a stronger Dollar is negative for Gold. Mid to late session rumors from the E.U began to put a more positive spin on Greece’s chances to obtain their second relief package. The rumors began to turn more factual and sent investors buying Gold and Silver as the U.S Dollar dropped versus the Euro…..Causing Gold to close positive.

The U.S Labor Department reported that Initial Jobless Claims were 348,000 much better than the 365,000 that had been projected.

MY SWING NUMBERS 2/17
APRIL GOLD
RESISTANCE # 2………$1747.00
RESISTANCE # 1………$1737.00
PIVOT…………………...$1722.00
SUPPORT # 1………… .$1712.00
SUPPORT # 2…………. $1697.00
VOLUME…………………157,000

MARCH SILVER
RESISTANCE # 2………$33.90
RESISTANCE # 1………$33.74
PIVOT……………………$33.19
SUPPORT # 1…………..$32.82
SUPPORT # 2…………..$32.49
VOLUME………………..48,000

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.

by Mike Daly, PFGBEST

1-877-294-4669

mdaly@PFGBEST.com
Thursday, February 16, 2012 at 2:16 PM

Gold Settles 30 Cents Higher … ($1728.40)

Today’s April Gold Futures session covered a very choppy $24.90 range.
April gold traded as low as $1706.70 early on in the session as the European news regarding the Greek bailout continued to be negative causing investors to choose the U.S. Dollar over the precious metals as their currency of choice. A weaker Euro is ‘bullish for the Dollar and a stronger Dollar is negative for Gold. Mid to late session rumors from the E.U began to put a more positive spin on Greece’s chances to obtain their second relief package. The rumors began to turn more factual and sent investors buying Gold and Silver as the U.S Dollar dropped versus the Euro…..Causing Gold to close positive.

The U.S Labor Department reported that Initial Jobless Claims were 348,000 much better than the 365,000 that had been projected.

MY SWING NUMBERS 2/17
APRIL GOLD
RESISTANCE # 2………$1747.00
RESISTANCE # 1………$1737.00
PIVOT…………………...$1722.00
SUPPORT # 1………… .$1712.00
SUPPORT # 2…………. $1697.00
VOLUME…………………157,000

MARCH SILVER
RESISTANCE # 2………$33.90
RESISTANCE # 1………$33.74
PIVOT……………………$33.19
SUPPORT # 1…………..$32.82
SUPPORT # 2…………..$32.49
VOLUME………………..48,000

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.

by Mike Daly, PFGBEST

1-877-294-4669

mdaly@PFGBEST.com
Tuesday, February 14, 2012 at 2:21 PM

Gold Settles $7.20 Lower … ($1770.70)

Today’s April Gold Futures traded a very quiet and technical $16.10 range.
The world continues to watch Greece struggle in its attempt to meet the latest austerity measures in order to receive its second rescue package.Eurogroup President Jean-Claude Juncker has invited euro zone ministers to a conference call on Wednesday, February 15th, to discuss a second Greek program, he said on Tuesday, changing a previous plan to hold a meeting with the ministers in Brussels as reported by REUTERS. The format changed as Mr Juncker was waiting to receive assurances from the Greek parliament over the implantation of a reform program, as well as other technical work needed to be addressed.
Greece has a track record of making promises and not delivering, and hopefully this time will result in a different outcome. The fragility and indecision in the region has been a huge drag on the precious metals. Traders have been less active in the precious metals as Gold bugs are taking a wait and see approach before forming their trading strategies. The trading volume has dipped dramatically in the past few sessions.

MY SWING NUMBERS 2/15
APRIL GOLD
RESISTANCE # 2…………$1736.00
RESISTANCE # 1…………$1726.00
PIVOT……………………...$1720.00
SUPPORT # 1……………..$1711.00
SUPPORT # 2……………..$1704.00
VOLUME……………………104,000

MARCH SILVER
RESISTANCE # 2………….$34.05
RESISTANCE # 1………….$33.70
PIVOT………………………$33.49
SUPPORT # 1……………...$33.13
SUPPORT # 2……………...$32.94
VOLUME……………………38,000

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.

by Mike Daly, PFGBEST

1-877-294-4669

mdaly@PFGBEST.com
Monday, February 13, 2012 at 2:18 PM

Gold Settles .40 Cents Lower … ($1724.90)

Today’s April Gold Futures contract traded a very tight and quiet range on light volume as traders and global investors remain skeptical on the Greek austerity plan. Late Friday afternoon we learned that the Greek leaders approved a new budget in order to receive a second rescue package. (see below)
:
By Antonis Galanopoulos and Natalie Weeks
     Feb. 10 (Bloomberg) -- Greek Prime Minister Lucas Papademos secured approval from his Cabinet to submit laws for new budget secured approval from his Cabinet to submit laws for a new budget
secured approval from his Cabinet to submit laws for new budget measures designed to secure a second rescue package for the country, according to a government official today..      The official, who declined to be named, spoke to reporters in Athens at the end of the Cabinet meeting……
THIS NEWS SHOULD HAVE BEEN MUCH MORE “BULLISH FOR GOLD!
However, due to the demonstrations and rioting in the streets of Athens It is my opinion that traders and global investors are taking a wait and see approach before re-entering the Gold market.
Gold traders are also eyeing the Geo-political tensions in Iran, Egypt, and Syria….
ECONOMIC DATA 2/14
Retail Sales………………7:30 am. CST.

MY SWING NUMBERS 2/14
APRIL GOLD
RESISTANCE # 2………$1744.00
RESISTANCE # 1……..$1734.00
PIVOT………………..…. $1726.00
SUPPORT # 1………… $1717.00
SUPPORT # 2............$1708.00

MARCH SILVER
RESISTANCE # 2…… …$34.32
RESISTANCE # 1…….…$34.02
PIVOT……………………..$33.74
SUPPORT # 1…………..$33.43
SUPPORT # 2…………..$33.16
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, February 10, 2012 at 2:08 PM

Gold Settles $15.90 Lower … ($1725.30)

This week the April Gold Futures contract covered a very choppy and volatile $49.10 range.
The week was filled with economic concerns from the European Union, geo-political concerns in the middle-east, as well as better than expected Jobless Claims number. The vast array of news this week forced traders to shift gears and strategies on a daily basis. Early on in the week much of the investor attention seemed to be locked on the Geo-political tensions coming from Iran. There has been a lot of sabre rattling coming out of the region as the sanctions imposed on Iran for continuing to enrich uranium to achieve nuclear capability appear to be working.
The trade this week has been very technical and range bound. The Gold and Silver have lost their momentum in the last trading session of the week due once again to the fragility and sketchy news coming from the Euro region. According to Reuters Standard & Poor’s today downgraded 34 0f the 37 Italian Banks that it rates. I expect the choppy and volatile market conditions to continue as long as the news from the EU remains as clear as mud.
The Euro region uncertainty (Greece) is a drag on the precious metals…..

News From The Week:

THURSDAY:

THE WEEKLY INITIAL JOBLESS CLAIMS WAS 358,000. THIS WAS BETTER THAN THE 370,000 THAT WAS PROJECTED.

The news from the Euro region remains sketchy at best. Early on in the trading session we had heard that the Greek government had agreed to tougher austerity measures and their budget. This along with Higher Crude oil prices helped fuel the early precious metals rally. April Gold traded as high as $1755.50 per ounce early in the trading session. Mid to late in the trading
Session reports from The Associated Press (Brussels) released a statement from Germany’s Finance Minister Wolfgang Schaeuble raising concerns that the austerity measures were not sufficient, (Below)

      Brussels -- (AP) Germany's finance minister says a deal
between Greek party leaders on new spending cuts appears to not
yet fulfilled all the conditions for a euro130 billion ($173 billion bailout.
     Wolfgang Schaeuble says that "The agreement, as far as I
understand, is not at a stage where it can be signed off."
     Schaeuble says the conditions for the bailout include
bringing Greece's debt level down to 120 percent of GDP by
2020, limiting official rescue loans to euro130 billion and
getting approval from the Greek parliament.
     He said "'Those general requirements are not fulfilled yet”.
WEDNESDAY:

The precious metals gave back much of their gains from yesterday as fragility and indecision from the European Central Bank in regards to their participation in the Greek debt reconstruction. Euro zone sources have said that the ECB has not made a decision on whether or not to contribute funds. Even though March Crude oil futures traded as high as $100.90 per barrel today the appeal to take profits in the precious metals due to Euro region concerns was the strategy of the day. San Francisco Fed Boss John Williams said there is a QE 3 plan on the table. He stated that the FOMC may need to purchase mortgage bonds and views that as the best stimulus choice…

TUESDAY:

Today’s substantial rally was a direct result of a weaker U.S Dollar and a stronger Euro.
The news out of the European Union appeared to be a bit brighter in regards to Greece.
The Greek government was said to be drafting an agreement on their latest bailout deal
subject for approval later this week. Iran continues to be defiant in regards to its enrichment of uranium in its attempt to acquire nuclear capability and has warned retaliation to any nation that attacks its nuclear facilities program. This has heightened the sabre rattling in the region and has speculators nervous and buying Crude oil futures. March Crude Oil futures traded as high as $99.13 per barrel. Higher Crude oil is normally “bullish” precious metals…
FOMC chairman Ben Bernanke spoke to the Senate Budget Committee and stated ‘the labor market has improved modestly from last year however; there is still a long way to go before the job market is running normally”. He also said “that interest rates will remain low through late 2014… The Friday and Monday price dip may have been a bargain buying opportunity for the jewelers of India. The Indian wedding season will continue through March…

MONDAY:

The gold market continued to decline today as the stronger U.S Dollar and lower crude oil prices help to lessen the demand for precious metals. The market had traded as low as low as $1714.00 early in the session before railing off news that President Obama ordered new sanctions against the government of Iran including its Central Bank. President Obama stated
“the sanctions are warranted because of the deceptive practices of the Iranian Central Bank and the unacceptable risk posed on the international financial system by Iran’s activities”.
The world is certainly watching as Iran continues to enrich uranium in order to achieve nuclear capability. It is widely believed that if Iran continues to enrich uranium it will bring a unilateral strike on Iran’s nuclear program. A warring environment especially in the middle-east (oil supply) would be considered “bullish” for precious metals. St. Louis Fed Boss James Bullard is opposed to the FOMC retaining these low interest rates and stated that the zero interest rate policy punishes savers….

MY SWING NUMBERS 2/13
APRIL GOLD
RESISTANCE # 2…………$1754.00
RESISTANCE # 1…………$1740.00
PIVOT……………………...$1723.00
SUPPORT # 1……………$1709.00
SUPPORT # 2……………$1692.00
VOLUME …………………163,000

MARCH SILVER
RESISTANCE # 2………..$34.50
RESISTANCE # 1………..$34.05
PIVOT……………………..$33.61
SUPPORT # 1…………   . $33.16
SUPPORT # 2…………   . $32.70
VOLUME………………….47,000

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.