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, Oct 29, 2014 - 2:45am

PM Daily Market Commentary - 10/28/2014

Gold rose +2.70 to 1228.00 on moderately heavy volume, while silver rose +0.08 to 17.18 on moderate volume.  PM was generally positive today - it rallied early and then spiked up hard at 0830 EDT on a "soft" durable goods report, but sold off as the day wore on, keeping only a small amount of gains by the close.  The spike higher blew through the EMA-9 and stopped out a bunch of shorts, but it was clear that the longs were not interested in chasing prices higher and dropped back down by end of day.  Bottom line: another failed rally for gold & silver.  That

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