By: Chris Mullen, Gold-Seeker.com Gold saw slight gains in Asia before it fell back off in London to see as much as a $3.50 loss at $931.75 by about 8:30AM EST, but it then exploded back higher midmorning and ended near its high of $939.20 with a gain of 0.28%. Silver followed a similar pattern and sprung from a low of $13.068 to end near its high of $13.45 with a gain of 1.29%. Euro gold rose to about €664, platinum gained $7.50 to $1168.50, and copper gained a few cents to about $2.41. Gold and silver equities started off the day mixed, but they then rose for most of the afternoon and ended with about 1% gains. The bull camp will praise the gold markets capacity to hold up around this week's highs for most of the session today. The bear camp will suggest that the bull camp should have made more hay out of the scheduled data flow and the corporate earnings news. However, while the scheduled data flow as much better than expected, the corporate earnings news did have some troubling components. It was also clear that a stronger Dollar and weaker equity prices took some of the positive macro economic psychology out of the trade on Friday morning. The bulls might suggest that renewed terrorism threats could support gold, but the bear camp will quickly suggest that terrorism news on Friday morning supported the Dollar and that in turn crimped the action in the gold market. The silver market was clearly lifted by an improved macro economic outlook in the wake of the US Housing starts and permits data. It is also likely that a firm bid in the energy complex allowed silver and copper prices some added bullishness. Like the gold market, it is possible that silver was at least partially restrained by the combination of a higher Dollar and weaker US equity prices.”- The Hightower Report, Futures Analysis and Forecasting

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