Aldebaran Resources stock hits new high on significant resource boost
The company has begun working towards the first PEA on the Altar project, to be completed in the second quarter of 2025.
Today’s session covered a mild $14.60 range compared to yesterday’s $35.30 range. The gold waffled all day between positive and negative for the session. This was due to news and data released throughout the session as traders and investors alike are trying to absorb and decipher all the global data.
Yesterday’s avalanche sell-off was directly linked to indications that the Chinese Central Banks were considering raising their interest rates again…Today the Chairman of the United States – China Economic and Security Review Commission Dan Slane stated the report “reflects the commission’s conclusions that China has failed in some notable area’s to fulfill promises it made nine years ago when it joined the World Trade Organization….This was followed by a recommendation that the U.S Treasury Department label China as a “currency manipulator’ for unfair trade advantages…
Today’s Globex December contract traded over 142,000 contracts. Senator Richard Shelby (Alabama) told sources that Ben Bernanke is defending the quantitative easing 2 and defended his FED studywhich indicates the QE 2 will add an additional million jobs….
REPORTS: 11/18
EXPORT SALES…………………..7:30 AM (cst)
INITIAL JOBLESS CLAIMS……..7:30 AM (cst)
MY SWING NUMBERS 11/18….DECEMBER GOLD
RESISTANCE # 2………………$1352.00
RESISTANCE # 1………………$1344.00
PIVOT…………………………….$1337.00
SUPPORT # 1…………………..$1330.00
SUPPORT # 2…………………..$1322.00
Mike Daly / Gold Specialist
PFG BEST
877-294-4669
312-563-8029
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