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 Sun, Feb 26, 2017 - 4:07am

PM End of Week Market Commentary - 2/24/2017

On Friday gold rose +7.30 to 1258.00 on moderate volume, and silver climbed +0.18 to 18.41 on very heavy volume.

This week, we see gold and silver doing well, with silver leading gold, while the miners fell. Platinum actually performed best, while the junior miners did worst. The divergence between the miners and gold is becoming more striking. The GDX:$GOLD ratio dropped quite substantially this week, which is bearish.  At the same time, silver is leading gold; that's bullish.  Which one is "right"?  Its really hard to say.

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