Gold & Silverbeta

December 11, 2012
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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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davefairtex
By davefairtex on Sat, Sep 27, 2014 - 3:36am

PM End of Week Market Commentary - 9/26/2014

On Friday gold dropped -2.50 to 1220.00 on heavy volume.  Silver rallied, moving up +0.16 to 17.65 on moderate volume.  PM tried to rally in Asia and London, but then sold off as the dollar broke out to new highs a few hours before the US market opened.  However in the last 30 minutes of trading in NY, both gold and silver staged a decent end of day rally, bringing gold almost back to even, and moving silver clearly into positive territory.  Traders did not want to be short PM going into the weekend, which I interpret as positive.

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