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 Wed, Apr 23, 2014 - 1:11am

PM Daily Market Commentary - 4/22/2014

Gold closed down -7.20 to 1283.10 on moderately heavy volume; silver was off only -0.05 also on moderately heavy volume.  Gold traded sideways until 0800 EDT in NY, at which point it tipped over and starting to sink.  Low for the day was 1275.80, a new cycle low, and it was hit at 1135 EDT - a 4000 contract down spike that broke support and tripped a bunch of long stops.  Gold rebounded quickly from the spike down, but not very far.

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