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 13, 2014 - 5:09am

PM End of Week Market Commentary - 9/12/2014

On Friday gold dropped -9.60 to 1231.50 on moderately heavy volume, while silver was down -0.09 on moderate volume.  After breaking down early in asia, silver rebounded and traded sideways closing down only modestly.  Gold just sold off all day long, closing near the low.

On Friday mining shares dropped again, with GDX off -1.61% on moderately heavy volume, while GDXJ was down -2.60% also on moderately heavy volume.  GDXJ seems to be doing somewhat better than GDX this week, and miners overall seem to be doing better than gold - minus the one bad day on Monday.

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