There are no guarantees when it comes to trading the markets.

The following comments were sent to Myra P. Saefong, financial writer at Marketwatch.com, at 9:35 AM EDT.
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A good employment report wasn't able to keep the Dollar from losing some ground this morning and it certainly didn't do anything for the Precious metals markets either. APR GOLD is still having difficulty closing above the $600 mark and that does make me a little nervous. MAY SILVER is trading above $12.00 but is likely to correct at some point due to its severe overbought condition. If the Dollar should find its footing and break above the 118.00 Yen level, all of the enthusiasm that has been witnessed in the metals markets could evaporate in an instant and those analysts who seem to be able to predict, with 100% certainty, the long-term direction of Gold or Silver or Tulip bulbs, for that matter, may finally learn that the markets simply don't work that way. The fact remains that NO ONE knows where a particular market may go, short or long term. The best that a trader can do is determine whether a trend has developed, trade with that trend, and hope it doesn't end as soon as they enter the market.

Dale F. Doelling
Chief Market Technician
Trends In Commodities