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 Tue, Jan 27, 2015 - 7:56am

PM Daily Market Commentary - 1/26/2015

Gold fell -12.80 to 1281.30 on moderately heavy volume, while silver dropped -0.39 to 17.93 on moderately light volume.  The metals sold off steadily, starting late in the Asia session through London.  It appears that the Syriza victory was already baked into the gold-price cake, and so the election ended up being a sell-the-news event.

Still, gold remains above the EMA-9, which has acted as support during gold's rally over the past three weeks.

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