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 Wed, Aug 5, 2015 - 3:37am

PM Daily Market Commentary - 8/4/2015

Gold rose +1.40 to 1087.00 on moderate volume, while silver rose +0.09 to 14.55 on moderately heavy volume.  Metals rallied in Asia and London, but sold off in the afternoon in NY which happened concurrently with a strong dollar rally.

If its not one thing, it's another.  At least some strength in the commodity complex is providing some support for PM.  Gold's rally today was capped by the 9 EMA, but it did manage to find support at 1080.  If gold loses 1080 support, it could get ugly.

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