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 Tue, Nov 18, 2014 - 12:20am

PM Daily Market Commentary - 11/17/2014

Gold dropped -1.30 to 1186.60 on heavy volume, silver was down -0.18 to 16.12 on moderately heavy volume.  Gold traded in a relatively narrow range and printed a doji candle.  This doesn't sound too exciting, but after Friday's strong rally, one might have expected gold to retrace a bit, and if you add today's strong dollar rally, it would not have been surprising for gold to drop seriously based on recent behavior in gold.  The fact that gold printed a doji and barely reacted at all under those circumstances seems quite bullish to me.

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