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 Tue, Sep 30, 2014 - 4:13am

PM Daily Market Commentary - 9/29/2014

Gold closed down -4.30 to 1215.70 on light volume, while silver was down -0.19 to 17.46 also on light volume.   PM rose modestly in Asia and London, but fell shortly before the NY market opened, with gold losing less than silver.  Gold/silver ratio moved up +0.51 to 69.63, close to a new cycle high.

The dollar closed down -0.01 today at 85.74; it hit a new high of 85.93 intraday, but failed to hold its gains.  I don't want to suggest yet another dollar top based on this slim evidence.  We just have to remain patient and wait for the inevitable to occur.

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