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 Sat, Dec 20, 2014 - 8:49pm

PM End of Week Market Commentary - 12/19/2014

On Friday gold dropped -3.70 to 1194.50 on light volume, and silver rose +0.19 to 16.07 also on light volume.  This actually looks like a good day to me, as the dollar rose +0.38 to a new high of 89.84.

Mining shares faded a bit, with GDX down -1.23% on moderately light volume, while GDXJ dropped -2.58% on moderately heavy volume.  Mining shares remain above their EMA 9, and after two strong rally days some selling can be expected.

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