Gold is showing as a down week at current 1091$. This marks the 7th down week in Gold over the past 8 sessions starting up at 1226.50$. The price action is bearish because of the failed bounce at 1161$. Silver has tumbled lower this week to current 17.00$ versus last weeks 18.43$. We are very close to significant December support at 16.76$.
Crude fell as optimism about the global economic recovery that had recently lifted prices to a 15-month high continued to ebb from the market.