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

Latest Group Post

By davefairtex on Thu, Feb 11, 2016 - 3:36am

PM Daily Market Commentary - 2/10/2016

Gold rose +8.00 to 1197.40 on heavy volume, while silver climbed +0.05 to 15.30 on heavy volume too.  Gold was hit in Asia, dropping to 1181 where it found support and rallied right back, closing at the highs for the day.  Silver largely followed gold.

While gold initially looked as though it was heading into the decline I've been anticipating, the continued weakness of the US equity market, a new low in oil prices, and a failed rally in the buck all seemed to place a strong bid under PM in general and gold in particular.

Recent posts