All markets are remarkably quiet and stable today and conditions are little changed from last week, so I have very little comment to make today. Our long positions in gold, silver, and crude oil are being maintained and are still looking good. I would like to make the point here that many Wall Street pundits and the mainstream media are very bearish on gold right now, but this pessimism should not be taken seriously because mainstream opinion on the precious metals is frequently a contra-indicator of the actual direction gold and silver take (i.e. public sentiment is usually high before a crash and low before a rally). The overall technical picture for gold and silver is unusually positive right now and will likely remain so unless prices break clearly below the support levels around $1500-1530 in gold and $26-27 in silver. Until that breakdown occurs, we will remain bullish.