METALS: December gold futures closed up $3.70 at $1,091.00 Friday. Prices closed near mid-range Friday and closed at a fresh contract and all-time record high close. This week's price action is a bullish upside "breakout" from the trading range at higher price levels and does suggest there is more room on the upside for prices in the near term. The gold bulls now have the solid overall near-term technical advantage.

December silver futures closed up 0.5 cent at $17.41 an ounce today. Prices closed nearer the session high again today. Gold's big gains this week have helped to boost silver. The silver bulls have regained fresh upside technical momentum this week.