GLD, daily
SLV, daily
Summary
Suffice to say... the stronger USD is only adding to the broader downward trend.
-
Primary target remains Gold $1000/900s early next year.
Tuesday 2 September 2014
Metals pressured by King dollar
With the USD starting the month on a positive note, the precious metals snapped lower. Gold and Silver both saw net daily declines of a rather significant -1.7%. Outlook is bearish in the immediate..and mid term.
GLD, daily
SLV, daily
Summary
Suffice to say... the stronger USD is only adding to the broader downward trend.
-
Primary target remains Gold $1000/900s early next year.
GLD, daily
SLV, daily
Summary
Suffice to say... the stronger USD is only adding to the broader downward trend.
-
Primary target remains Gold $1000/900s early next year.
