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 Wed, Nov 19, 2014 - 11:01pm

PM Daily Market Commentary - 11/19/2014

Gold dropped -14.30 to 1182.50 on very heavy volume; silver was down -0.06 to 16.11 also on very heavy volume.  Gold was doing fine until 1030 EST, when it dropped $20 - perhaps it was driven lower by a story in the Daily Mail suggesting the Swiss Gold Referendum was now trailing in the polls.  Gold then rallied just as hard at 1200, and then dropped again at 1400 following the FOMC minutes release.  It was a volatile day, but it ended badly for gold.

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