Gold futures sold off today as investors flocked into the stock market with the nasdaq making new 11 year highs again today. The bull market in gold is still underway and in my opinion will continue to go higher for the remainder of 2012. The U.S Dollar is up 15 points today which had no effect on price action today. Gold futures settled 18 dollars lower to close around 1,744 an ounce.

If you are looking to get long the precious metals then today could be your buying opportunity. Silver is down 60 cents and gold is down 19 dollars.These markets are still in a bullish trend and should be bought on dips in my opinion.

The commodity markets were higher today led once again by the precious metals. Gold futures finished nearly 10 dollars higher to close around 1,750 an ounce. The U.S Dollar was down sharply again versus the major foreign currencies propelling stock and commodity prices even higher. Silver futures were also sharply higher climbing 56 cents to close near 33.85 an ounce. Copper futures remained in its bullish trend rallying 550 points to close around 384.50. Platinum futures were higher by 30 dollars an ounce to close at 1.622.

Gold and silver futures are off of their highs for the day trading around unchanged. Gold was up around $15 dollars earlier in the session and silver was over $34 dollars an ounce. I still believe these markets will continue their bullish trend; today's selloff is blamed on the Euro currency going negative after a firm open this morning.