Tuesday 30 June 2015

Net monthly declines

Despite the USD cooling by -1.3% to the DXY 95s, the precious metals were still having problems. Gold and Silver saw net monthly declines of $18 (1.5%) and $1.04 (6.2%) respectively. Mid term outlook remains bearish.


Gold, monthly2


Silver, monthly2


Summary

Little to add.

Despite the ongoing Greek drama, and a cooling USD, the precious metals are still finding it difficult to rally.

The broader downward trend from 2011 remains bearish.

Holding to original targets of Gold $1000, with Silver 12/10.