GLD, daily
SLV, daily
Summary
With monthly QE amounts lowered..the metals are again being sold lower.
Mid-term targets remain GLD 105/95, SLV 12/10.
Wednesday, 18 December 2013
QE-taper upsets the metals
The metals briefly spiked on news of QE-taper, but the price action was never that strong. Gold and Silver closed lower by -0.9% and -0.3% respectively. Near and mid-term outlooks are both very weak, and the summer lows look set to be taken out in early 2014.
GLD, daily
SLV, daily
Summary
With monthly QE amounts lowered..the metals are again being sold lower.
Mid-term targets remain GLD 105/95, SLV 12/10.
GLD, daily
SLV, daily
Summary
With monthly QE amounts lowered..the metals are again being sold lower.
Mid-term targets remain GLD 105/95, SLV 12/10.
