Gold prices are now above averages but the long term trend is lower. Is this rally one of those good selling opportunities we referenced the other day, I think it probably is. Keep in mind that there is risk of loss in all trading. After all was said and done silver closed out at 437 up 3.5 cents. With gold up there may be a bit of a delayed spillover rally in silver come Monday.
Prices are below moving averages and indicators are bearish but oversold a bit.
Keep in mind that there is risk of loss in all commodity trading.