There has been some weakening of the bullish picture in gold and silver over the last two days with some key technical indicators suddenly turning bearish. While there is still a strong possibility of both metals turning up here for a strong rally, the chances of a breakdown have increased. Even though our support levels at $1500-1530 in gold and $26-27 in silver have not yet broken, to be safe I am going to sell our silver longs today as silver is looking weaker than gold and silver would fall more quickly than gold in the event of a breakdown. I will comment a little more on this situation later today, but I wanted to post this as early as possible to give active traders a chance to place trades before the markets close. Bottom line: still holding long positions in gold; selling silver long positions and standing aside.