HAPPY MORNING -- GOLD,SILVER,CRUDE OIL, COPPER

Gold (1881.20) has risen sharply as the market turned risk averse on increasing fears of another recession. A test of the previous high of 1915 looks likely and it will have to be seen whether Gold can sustain the break above 1900 this time.

 Silver (43.20) has risen above 42 and is expected to test its important Resistance 44. A strong break/close above 44 will be very bullish which would open doors for further rise to 48-50.

 Nymex Crude (85.82) fell sharply as the fears on another recession increased following the bad US jobs data release on Friday. Some Support is seen near 84 and a break below it would pull it further down towards 80.

Copper (4.11) has failed to rise past its important Resistance at 4.20 last week and has good chance of testing 4.00 on the downside in the coming days.