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, Oct 22, 2014 - 8:23pm

PM Daily Market Commentary - 10/22/2014

Gold dropped -8.40 to 1241.30 on moderate volume; silver dropped -0.34 to 17.16 also on moderate volume.  Gold traded more or less sideways until 0830 EDT, when the CPI release (showing softer than expected inflation) caused gold to drop $8.  Gold never really recovered from that drop.  Silver just sold off all day long, closing at the lows of the day.  The gold/silver ratio jumped +0.95 to a new multi-year high of 72.34.

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