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, Oct 1, 2014 - 4:46am

PM Daily Market Commentary - 9/30/2014

Gold closed down -6.60 to 1209.10 on very heavy volume, while silver was crushed falling -0.49 to close at 16.97 on very heavy volume as well.  Things looked more or less fine in PM until 0500 EDT, when Eurostat released the Eurozone inflation numbers, which were apparently lower than expected.  This caused the buck to scream higher and that encouraged PM to sell off.  A few hours later gold and silver both tried to rally off their interim lows, but were unable to hold onto the gains.  Gold avoided big losses, while silver just kept falling and falling until hitting a ne

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