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 Fri, Oct 9, 2015 - 3:57am

PM Daily Market Commentary - 10/8/2015

Gold fell -6.80 to 1138.20 on moderate volume, while silver dropped -0.38 to 15.66 on heavy volume.  Silver was assaulted by the shorts at around 10:00 in Tokyo, dropping 35 cents in about 20 minutes, and it was unable to immediately recover from that assault.  Both metals fell even more a few hours prior to the the US market open; silver recovered from that drop, while gold did not.

There was some volatility around the time of the FOMC minutes release at 14:00 Eastern; gold popped briefly but sold off almost immediately after.

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