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 2, 2015 - 2:45am

PM Daily Market Commentary - 7/1/2015

Gold fell -4.30 to 1167.80 on moderately light volume, and silver dropped -0.14 to 15.52 on moderately light volume also.  Both metals sold off slowly for most of the day; the strong move in the dollar was probably to blame.

Although gold avoided making a new low today, if the dollar continues to rally, gold will almost certainly retest the lows at 1140.

Silver looks quite similar to gold; a retest of 15.25 seems probable.

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