Video: West Red Lake Gold works to restart Madsen mine
The company is optimistic about the potential of its Red Lake assets in the storied gold district of northern Ontario.
Today’s Gold session covered a very subdued $9.90 range as traders may be apprehensive about this week’s economic data. Today’s trade waffled above and below unchanged in a very technical and light volume session (60,000)…
Silver covered a 65.5 cent range and settled 18.8 cents higher while trading 31,000 contracts.
It is my opinion that investors and traders alike are taking a guarded posture in preparation for the release of the FOMC minutes from the December 14th meeting as well as this week’s unemployment data. (Initial Jobless Claims & Unemployment released Thursday and Friday respectfully)….
ALSO….FOMC Chairman Ben Bernanke will testify before the Senate Budget Panel on Friday……………..
ECONOMIC DATA 1/4 :
FOMC MINUTES ………..1:00….CST…
MY SWING NUMBERS 1/4 FEBRUARY GOLD
RESISTANCE # 2………….$1430.00
RESISTANCE # 1………….$1425.00
PIVOT ………………….$1420.00
SUPPORT # 1………………$1416.00
SUPPORT # 2………………$1410.00
MARCH SILVER
RESISTANCE # 2………….$31.65
RESISTANCE # 1………….$31.38
PIVOT………………………..$31.00
SUPPORT # 1………………$30.74
SUPPORT # 2………………$30.35
Mike Daly / Gold Specialist
PFG BEST
877-294-4669 312-563-8029
Call to open an account today…………
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