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 Sat, Apr 30, 2016 - 4:05am

PM End of Week Market Commentary - 4/29/2016

On Friday gold rose +26.80 to 1294.90 on heavy volume, while silver climbed +0.29 to 17.89 on moderately heavy volume.  I believe the plummeting dollar (down a big -0.70 to 93.03) was the proximate cause of today's large gold rally.

This week, gold rose +61.20 [+4.96%], silver climbed up +0.86 [+5.05%], GDX screamed up a massive +14.34%, and GDXJ did similarly, up +14.51%.   Platinum rose +6.78%, palladium climbed +3.15% and copper was the laggard, up just +0.57%.  It was a superlative week for PM.

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