Wednesday March 13 - I love Gold day

SPI Futures traded in a small 21 point range last night, with a high of 6185, low of 6160 and a close this morning of 6164, down 9 points on volume of nearly 14,000 contracts. Based on that range, my pivot point and R and S levels are below. Numerous lower gaps filled yesterday, leaving ones down at 6139, 6137, and 6132 from previous days and up at 6210 from yesterday (which under normal circumstances given where she closed and gaps up on the ES, would have filled, but SPI did her own thing last night) then up at 6170 and 6177 from last night and 6271 from a previous day. I don't think we need to worry about that one today, but still think the 10 has a shot, but as usual, watch the open of US Futures and let the chart do the talking. DOW down .38 pct due to Boeing, SNP up .30 pct, and Canada (resource driven) up .19 pct. VIX down 3.91 pct to 13.77 and the DOW Vix (VXD) down too, so maybe anticipating a DOW reversal.



Today in 2008, Gold prices on the New York Mercantile Exchange hit $1,000.00 an ounce for the first time. Today Gold trades at around $1,300 an ounce, a far cry from the $5,000 per ounce touted during the GFC, but more than the $500 an ounce record set in 1987. I remember 1987 well... Keep an eye on that Gold price, and if it goes down to $350 an ounce like I've 'read', gold bars do make good door stops. Have a nice day.

	Column 1	Column 2
1	H	6185
2	L	6164
3	C	6160
4	R	21
5	R6	6191
6	R5	6185
7	R4	6183
8	R3	6180
9	R2	6178
10	R1	6175
11	PP	6170
12	S1	6164
13	S2	6162
14	S3	6159
15	S4	6157
16	S5	6154
17	S6	6149