Welcome to the ALLEY CAT NEWSLETTER !

April 14th, 2005

GOLD PRICES/NEWS

Gold prices have bounced around about $5-7 an ounce since last update. Here is what I am thinking when it comes to gold I will break down some longer time frames for you. On a monthly chart of Gold, I don't really like Gold unless we can get a monthly close above $438 an ounce. (So the end of April would have to close above $438 before I would like it on a monthly chart)

On a weekly Gold chart I see resistance unless we get above $442 on a weekly chart and I see more support in the $415 area. I think also if we get a close below $424 an ounce on the weekly chart we should head 8-$10 an ounce lower.

On the Daily chart for Gold I see some support at $424 an ounce. However if that breaks I think it will move to $418 an ounce and than possibly $410-$415.

So what's all that mean? Well I think at least at this point I see more downside potential in gold than upside at least short term. I think $415 an ounce will be hit before $440 an ounce is hit if that helps you at all.

I currently hold NO POSITION IN GOLD ON BETONMARKETS/FUTURES MARKETS. (Nor do I plan to based on this information)

ALWAYS LOG INTO EGOLD VIA https://www.e-gold.com bookmark it and use your bookmark to go to the site rather than via any e-mail or link online.

PLEASE USE YOUR HEAD WHEN IT COMES TO E-MAIL. Egold/Paypal will NEVER e-mail you asking you to log in, so when you get an e-mail like that DELETE IT.

You can always find the current issue of Alley Cat News on the website under Newsletter.

I am still working on the new forex website should be up and running by next newsletter I hope. I am still available during the mornings for chat. Once the new site is up I will probably also have a chat room for 1 hour or so in the evening as well.

If you do have the new forex system try and pick out a morning to come into the chat room when some news is going to hit. For example this week we had a great trading day (the chart is below) after the Trade report came out. News moves the forex market greatly. Though we don't trade based on news the system can offer buy/sell signals after the news has hit and we can ride the trade. So check when some news is going to hit on a site like forexnews.com and come join us in the chat room. The instructions on how to get to the chat room are at the bottom of Forex System download.

This chart below was a nice 50+ pip winner. You only need a couple of good days like this to make a great month. So if you are worried that you don't have the time to trade forex just pick a couple of days a months when news is being released and join us in the chat room and have some fun!

Not many forex systems offer 3 months of free chat room support with there system. So take advantage of the deal while it lasts.

CLICK ON THE CHARTS FOR BIGGER IMAGE.

* http://finances.alleycatnews.net is a new website. I will be adding on to the site over the coming weeks but there is a lot of great information on the site. I also included a picture of my wife and myself. So if you are curious about what "Alley Cat" looks like check it out.

* Those that have the Forex system. The chat room hours right now are from 6.30am Est (10.30am GMT) to 10.30am EST. I am considering also having a night chat room from 7pm est-8.30pm EST depending on the interest. You can get your questions answered during those times and we can see if the market is producing any good trades.

* I have seen a lot more HYIP's lately that are offering 300-1000% interest in a month!!! Its totally crazy why anyone would invest with such a company. If they were REALLY making even 100% a month. All they would need to do is to invest $1,000 themselves and within 10 months they would be millionaires. Yet you see these companies asking for as little as $1 investments. They have a trading system that could turn them into millionaires in less than a year but they are willing to take $1 investments??? COME ON GET REAL. Run as far as you can from a company like that.

* Sign up for our Free Trading Newsletter at (I will be offering a great service to the trading newsletter soon so sign up if you haven't already)

http://www.alleycatnews.net

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