DAILY GOLD TREND FOR 07 DEC 2010

Investors zeroed in on a Sunday interview by U.S. Federal Reserve
Chairman Ben Bernanke opening up for the possibility of
committing more money beyond the $600 billion in asset purchases.
 Read more about Bernanke’s interview and potential easing


“It’s unnerving that he feels we have a need to print more money
 and pump more money into the system,” said Matt Zeman,
a trader at LaSalle Futures Group in Chicago.
“People continue to get away from paper money.”

The euro region has struggled all
year to "RIGHT" their financial ship as
one state after another has needed
 financial assistance from the financial
ministers of the European union as well as the
IMF (International Monetary Fund).
Expect savvier investors from the Euro region to use
their weaker Euro's to buy both
physical gold and Silver in an attempt to safe
 guard their wealth.
Historically Gold and Silver retain value better
than most commodities.



MY COUNTS FOR 07 / 12 FEB GOLD
RESISTANCE # 2...............$1429.00(MCX Rs 20920)
RESISTANCE # 1...............$1422.00(MCX Rs 20855)
PIVOT   ..............................$1416.00(MCX Rs 20805)
SUPPORT # 1.....................$1410.00(MCX Rs 20737)
SUPPORT # 2.....................$1403.00(MCX Rs 20695)

MY COUNTS FOR  07 / 12 MAR SILVER
RESISTANCE # 2...............$30.40(MCX Rs 45340)
RESISTANCE # 1...............$30.06(MCX Rs 44985)
PIVOT  ...............................$29.77(MCX Rs 44642)
SUPPORT # 1.................... $29.43(MCX Rs 44239)
SUPPORT # 2.....................$29.14(MCX Rs 43950)

RAHUL KUMAR
GOLD Analysist

Comments me : bestech30@gmail.com

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