GLD, weekly
SLV, weekly
Summary
Little to add.
Regardless of any further near term price chop, the metals still look on track to break the Nov' 2014 lows.
Holding to original targets of Gold $1000, with Silver in the 12/10 zone.
Friday 12 June 2015
Mixed week for the precious metals
It was a moderately mixed week for the precious metals, with net weekly changes for Gold and Silver of +0.9% and -0.9% respectively. The broader outlook remains weak, with the Nov'2014 lows set to be taken out this year. Considering the recent few weeks of weakness in the USD, the metals are particularly struggling.
GLD, weekly
SLV, weekly
Summary
Little to add.
Regardless of any further near term price chop, the metals still look on track to break the Nov' 2014 lows.
Holding to original targets of Gold $1000, with Silver in the 12/10 zone.
GLD, weekly
SLV, weekly
Summary
Little to add.
Regardless of any further near term price chop, the metals still look on track to break the Nov' 2014 lows.
Holding to original targets of Gold $1000, with Silver in the 12/10 zone.
