FOMC briefly upsets Gold & Silver

The FOMC lunchtime press release caused a brief strong sell off in both Gold and Silver. Once again, even on a day when the main market was up, the metals failed to participate.


SLV, daily

GLD, daily

Summary

Another day when Gold was stronger than Silver, and where Silver still closed lower - despite a latter day recovery. The broader trends remain downward, and I will cover my thoughts on what I believe are significant falls due within the next few months - this coming weekend.

Good wishes.