Just another day for the metals

The broader down trend for the precious metals continues. Gold and Silver saw net daily declines of -2.1% and -4.6% respectively. The next (rather obvious) support for Gold is the giant $1000 threshold.. which is very viable before year end.


GLD, daily

SLV, daily

Summary

Little to add from the dozens of posts across the last few years.

Metals remain weak... and the rising USD is only adding to the underlying downward pressure.
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*implications for the miners are obvious.. and we're seeing new lows on a very regular basis.