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, Dec 7, 2016 - 3:58am

PM Daily Market Commentary - 12/6/2016

Gold fell -0.70 to 1171.40 on light volume, while silver dropped -0.03 to 16.78 on moderately light volume. The dollar rebounded from its big loss yesterday; this acted as a bit of a drag on PM, which more or less just traded sideways in a narrow range.

Gold's candle print was a spinning top, but one of the useless ones, providing us no information as to where we go next. I should have a candle pattern entitled “useless spinning top.”  Gold remains below the 9 EMA.

Rate rise chances fell to 93%.

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