precious metals 6-11/02/2012

In the precious metals markets this week . . .

GOLD:
Monex spot gold prices opened the week at $1,728 . . . traded as high as $1,762 on Friday and as low as $1,725 on Monday . . . and the Monex AM settlement price on Friday was $1,738, up $10 for the week.  Gold support is now anticipated at $1,727, then $1,697, and then $1,664 . . . with resistance anticipated at $1,767, then $1,791, and then $1,804.

SILVE.R:
Monex spot silver prices opened the week at $33.40 . . . traded as high as $34.32 on Friday and as low as $32.93 on Tuesday . . . and the Monex AM settlement price on Friday was $33.67, up $.27 for the week.  Silver support is now anticipated at $33.27, then $32.70, and then $31.50 . . . and resistance anticipated at $34.13, then $34.75, and then $35.35