report as on 07/05/2010 gold , silver & crude

Gold closed sharply higher on Thursday. The high-range close sets the stage for a steady to higher opening on Fridayy. Prices closed nearer the session high today as traders stepped in to "buy the dip" and do some bargain hunting at lower price levels. A stronger U.S. dollar and lower crude oil prices did limit the upside in gold today.

Silver closed higher on Thursday as it extends this week's rally. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are bullish signalling that sideways to higher prices are possible near-term. If its renews last week's decline, April's low crossing is the next downside target