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 Thu, Jul 24, 2014 - 4:11am

PM Daily Market Commentary - 7/23/2014

Gold closed down -3.40 to 1304.70 on light volume, and silver was down -0.06 to 20.95 also on light volume.  Volume and trading ranges for both metals are shrinking every day, which is a trading pattern known as a volatility squeeze.  It sounds unpleasant, but it really just reflects trader uncertainty as to market direction.  This pattern often ends in a big move - in either direction.

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