Gold & Silverbeta

December 11, 2012

The definitive group for discussing all things related to the precious metals

A resourceful community for those who hold, plan to purchase, or are helplessly infatuated with gold & silver

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By davefairtex on Thu, Oct 23, 2014 - 10:49pm

PM Daily Market Commentary - 10/23/2014

Gold dropped -9.10 to 1232.20 on moderately heavy volume; silver actually rose +0.02 to 17.18 on moderate volume.   Gold sold off during London trading hours, spiking down hard early in NY as the dollar made a new high.  As the buck retreated, gold recovered some of its losses.  Silver dropped to 17.03 before rebounding, printing a modestly bullish doji candle.  Silver actually outperformed gold today - it looks to have more support than usual.  My guess: oil did well, so silver was happy.

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