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, Feb 6, 2016 - 6:08am

PM End of Week Market Commentary - 2/5/2016

On Friday, gold rose +18.10 to 1174.10 on very heavy volume, and silver was up +0.16 to 15.03 on heavy volume.  Market-moving event today was the Nonfarm Payrolls report, which had a weak headline number but a big rise in average hourly earnings.  Gold initially sold off, then rallied hard into the close.  It appeared that nobody wanted to be short gold going into the weekend.  Since the dollar rallied strongly too, gold's big move higher on Friday was especially impressive.  Silver followed gold, but was substantially less enthusiastic, as has been the case now

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