Metals catching the fear bid

With the US and especially, the EU capital markets moderately concerned about a GREXIT, the metals caught a classic fear bid. Gold and Silver settled with net daily gains of 1.5% and 2.7% respectively. Despite the gains.. the metals seem likely to break new multi-year lows within the next few months.


GLD, daily

SLV, daily

Summary

Little to add.... a one day bounce does not breaketh a 3.6 year down trend.  Gold bugs... beware!
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