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 Fri, Apr 17, 2015 - 3:22am

PM Daily Market Commentary - 4/16/2015

Gold fell -3.70 to 1197.90 on moderately heavy volume, while silver dropped -0.03 to 16.26 on moderate volume.  Both gold and silver fell during NY trading, and in spite of the very weak dollar (down a big -0.91) neither gold nor silver were able to get back to even by end of day.

Gold in Euros was down -1.03% - in USD, that would be down $12 on the day.  Gold's inability to rally on what should have been a positive day based simply on currency effects suggests gold remains weak.  For some reason, it's just not ready to rally just yet.

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