Tuesday 30 December 2014

One day down.... one day up

The precious metals continue to see some rather significant day to day swings. After the sig' Monday declines, Gold and Silver saw net Tuesday gains of 1.3% and 3.2% respectively. Near term outlook remains 'choppy'... but within a much broader down trend.


GLD, daily


SLV, daily


Summary

Suffice to say... it remains a real choppy mess... but both metals remain close to breaking new multi-year lows.