Daly Gold by Mike Daly Date: 08/17/10  Estimated Update: 08/18/10 Phone 877-294-4669 eMail: mdaly@pfgbest.com Gold settled $9.60 Higher… ($1226.20) 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) PPI …………………………………………….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 Please feel free to email or call with questions or comments… Accumulating Wealth One Tic At A Time! ® Sponsored by: RSS Feeds  |  Risk Disclaimer  |  Privacy Policy  |  Advertise With Us!  |  Contribute to PitNews  |  Affiliates  |  Resources [Click Here] To check out the PitNews Traders Forum!