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 Wed, Apr 16, 2014 - 1:06am

PM Daily Market Commentary - 4/15/2014

Gold closed down -24.40 to 1302.70 on extremely heavy volume - silver was off -0.38 to 19.58 also on extremely heavy volume.  The shorts started in on PM early in asia trading, and as the day wore on, they kept hammering gold until the price finally collapsed at 8:27 am in NY where gold spiked down $14 in one minute knifing clean through the 200 day MA, liquidating 4k long contracts and briefly touching 1284.

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