Tuesday, 30 September 2014

Precious metals smashed across September

The precious metals faced a number of negative pressures across the month, resulting in rather severe declines. Gold and Silver saw net monthly falls of -$72 (-5.6%) and -$2.45 (-12.6%) respectively. The broader trend remains exceptionally bearish into 2015.


Gold, monthly'2


Silver, monthly'2


Summary

There is little to add from the many posts across recent months.
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Metals look set to continue to decline on a multi-year basis into next year.

Key targets remain....

Gold $1000/900s
Silver $12/10.