Peru’s small miners block highways, camp outside Congress demanding registry extension
Analyst says that there are strong competing interests between Congress and small-scale miners that could escalate.
Today’s Globex Gold traded in an $11.00 range today as Traders seemed a bit gun shy after yesterday’s $26 plus sell-off that certainly caught the “bulls” off guard.
I believe many traders anticipated a continuation to the massive drop and were seeking lower prices to re-enter the market. However, the Gold market appeared to show some stability late and actually closed 10 cents higher today.
The underlying fundamental has been and continues to be the over whelming demand globally for physical Gold as “safer haven” investment. The lack of confidence In fiat currencies has caused this phenomenon ….
REPORTS…Wednesday / 6-23
NEW HOME SALES……..9:00 am (CDT)
MY SWING NUMBERS 6-23
RESISTANCE # 2………………$1250.00
RESISTANCE # 1………………$1245.00
PIVOT……………………………..$1239.00
SUPPORT # 1…………………..$1234.00
SUPPORT # 2…………………..$1228.00
Mike Daly / Gold Specialist
PFG BEST
877-294-4669
312-775-3014
312-563-8029
*THERE IS EXTREME RISK TRADING FUTURES, OPTIONS, and FOREX*
