Friday 21 August 2015

Mixed week for the metals

With commodities remaining under pressure - despite a weak USD, it was a mixed week for the precious metals. Gold and Silver saw net weekly changes of 3.9% and 0.3% respectively. Near term outlook offers further upside, but the broader trend remains bearish.


GLD, weekly



SLV, weekly



Summary

I have little interest in trading the precious metals.. or related miners... but am certainly still keeping an eye on them.