Monday 21 April 2014

Metals begin the week on a down note

Whilst the main US capital markets were largely trading in a semi-holiday style, there was notable weakness in the precious metals. Gold and Silver settled lower by -0.4% and -1.1% respectively. Near term outlook is bearish.


GLD, daily


SLV, daily


Summary

Suffice to say..the near term..and broader term down trend....continues.

It would seem just a case of when...not 'if'.....the 2013 lows are taken out.