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, Aug 22, 2014 - 4:16am

PM Daily Market Commentary - 8/21/2014

Gold closed down -15.20 to 1277.30 on heavy volume, while silver was almost flat, down just -0.03 to 19.42  on moderately heavy volume.  Gold made a new cycle low, broke 1280 support, and drove through the 200 MA all in the same day.  Silver also set a new low, but rebounded into the close, printing a hopeful-looking hammer candle.

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