TARGET ACHIEVED:ON GOLD :HAVE NICE WEEK END

GOLD HAS CROSSED OUR TARGET $1819....TARGET ACHIEVED

We havewritten on yesterday that Gold above $1723 no problem for bull, target achievedat $1754 and $1780, our ultimate target $1795 and $1819.

GOLD: MAJORHURDLE IS AT $1754 BELOW THESE LEVEL-REMAIN AND SUSTAIN, THEN PANIC SELLING ISNOT RULE OUT. IF GOLD BREAK $1754 AND SUSTAIN BELOW, THEN PANIC SELL UP TO$1721 TO $1688.ABOVE $1754 FIRST TARGET $1780, $1795 and $1819.

2nd ResistancePoint               1,884.4

1stResistance Point                 1,819.2

LastPrice                               1,754.1

1st SupportLevel                     1,721.0

2nd SupportLevel                    1,688.0

Positivereasons for gold to go up:

• Cyprus Faces BAILOUT OR BUST after Rejecting EmergencyFiscal Package

(Readmore:http://www.businessinsider.com/in-cyprus-it-could-be-bailout-or-bust-2011-8#ixzz1Vzuf0jUD)

• SPIN -Durable goods report Non-Defence capital goods spending ex aircraft fell 1.5%month/month + consumer still slowing

(Readmore:http://blogs.wsj.com/economics/2011/08/24/vital-signs-durable-goods-orders/)

•   Kazakh Central Bank Gets ‘Priority Right’ toBuy Gold

(Readmore: http://www.bloomberg.com/news/2011-08-23/kazakhstan-gives-central-bank-priority-right-to-buy-gold-1-.html)

Negativereasons for gold to fall:

•Stability coming into the European and US markets

• QE 3leads to tanking of Dollar Index so gold and others move up but risk appetitefor stocks may be improve negative for gold.