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 Thu, May 28, 2015 - 3:05am

PM Daily Market Commentary - 5/27/2015

Gold rose +0.20 to 1187.40 on very heavy volume, while silver fell -0.07 to 16.68 on moderate volume.  Gold and silver both made new lows, but managed to rebound when the dollar failed to move higher.  Silver dropped to its 50 MA, found support and rebounded.

Did gold find support here at 1187?  Maybe.  I think the question is more about the Euro/dollar currency pair.  If the Euro stops dropping, gold will likely benefit.

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