Tuesday 31 March 2015

A second month lower for Gold

There was continued weakness for the precious metals in March, with Gold and Silver seeing net monthly changes of -$30.50 (-2.5%) @ $1183.20, and +$0.02 (+0.1%) @ $16.60 respectively. Near/mid term outlook remains broadly bearish into the late summer.

Gold, monthly'2

Silver, monthly'2


Little to add.

Broader trend remains bearish... holding to original targets..

Primary.. Gold $1000...
Secondary..  $900/875 zone.. by late summer.