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 Sat, Apr 20, 2019 - 6:08am

PM Weekly Market Commentary - 4/18/2019

On Thursday, gold rose +1.73 [+0.14%] to 1279.99 on moderately heavy volume, and silver climbed +0.03 [+0.20%] to 14.96 on heavy volume. The buck jumped +0.50%, both crude [+0.31%] and SPX moved higher [+0.16%], as did bonds [10Y -3.2 bp].

The metals were split this week; palladium staged a strong rally along with platinum, gold fell, while silver managed to squeak out a gain. Roughly speaking the industrial metals look relatively stronger, PM was mixed, and the miners looked weak, with juniors leading the seniors lower.  That's bearish for PM.

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