Gold and silver gap lower in face of stronger dollar

Gold Feb contract (GC, ETF: (GLD))

Gapping down Tuesday followed Monday's close at or above 1074.00, which was the least reliable confirmation of Friday's recovery being durable. Closing above 1077.70 would have been optimal, so recovering to close above it Tuesday, or extending immediately above it Wednesday, would be likely to extend sharply higher intraday.

Silver Mar contract (SI, ETF: (SLV))