GLD, daily
SLV, daily
Summary
It remains ironic that despite continued QE from the fed, the metals can't rally.
Next targets remain: GLD 120, SLV 17
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Wednesday, 19 June 2013
Continued QE not helping the metals
Despite the FOMC announcement that QE will continue at $85bn a month, the precious metals failed to be inspired, with Gold and Silver seeing declines of 1.2% and 1.3% respectively. Gold has followed Silver in breaking the key support floor.
GLD, daily
SLV, daily
Summary
It remains ironic that despite continued QE from the fed, the metals can't rally.
Next targets remain: GLD 120, SLV 17
--
GLD, daily
SLV, daily
Summary
It remains ironic that despite continued QE from the fed, the metals can't rally.
Next targets remain: GLD 120, SLV 17
--
