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.
Thanks in part to a weaker U.S Dollar the Gold market closed $9.60 higher for the session. The rally today dismantled the $1220.00 -$1225.00 key resistance levels which has been the top of summer – long range.
There is plenty of underlying interest for bullion world-wide as demand has increased due to the recent weakening of the global economy…
Investors may be transferring monies from their Equity accounts into precious metals as a “safer haven” investment opportunity….
The jewelers of India have also been busy as the Wedding and Festival seasons rapidly approach (SEPTEMBER – DECEMBER) as they will need to restock their shelves to accommodate the certain demand…..
*20% of all gold consumed annually comes from India*
Reports 8/17 :
HOUSING STARTS & PERMITS……..7:30 AM (cst)
PI …………………………………………….7:30 AM (cst)
MY SWING NUMBERS 8/17 (DECEMBER GOLD)
RESISTANCE # 2……….$1237.00
RESISTANCE # 1……….$1232.00
PIVOT …………………….$1224.00
SUPPORT # 1……………$1219.00
SUPPORT # 2……………$1211.00
*EMAIL ANY QUESTIONS OR COMMENTS YOU MAY HAVE*
YOU CAN FIND THIS REPORT AT www.pfgbest.com click research ..then metals report….
Mike Daly / Gold Specialist
PFG BEST
[email protected]
877-294-4669
312-563-8029
*THERE IS EXTREME RISK TRADING FUTURES, OPTIONS, & FOREX*
