Monday 10 November 2014

Bad start to the week for the metals

The precious metals opened moderately lower, and slid lower across the entire day. Gold and Silver saw net daily declines of -2.1% and -1.1% respectively. Near term outlook is very bearish, with a broader target of Gold $1000/900s.


SLV, daily


Little to add.

The Friday gain - as is the case for the miners, was merely another bounce (itself much like last Monday).. and we're back on the slide.

Metals and miners both look headed much lower into year end.