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.
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*
