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 Fri, Jan 30, 2015 - 1:40am

PM Daily Market Commentary - 1/29/2015

Gold plunged -24.20 on very heavy volume, while silver was crushed, losing -1.05 also on very heavy volume.  Selling started in Asia, continued through London, and accelerated in NY as both metals dropped (or were pushed?) off a small cliff shortly after 1030 EST.   Mostly here I'm talking about silver - its losses on the day were astonishing, and the selling pressure on silver was far more intense than on gold.

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