GLD, weekly
SLV, weekly
Summary
Little to add.
Despite weakness in the USD, the precious metals are still unable to rally. The broader downward trend from 2011 continues.
--
Holding to original targets of Gold $1000, with Silver $12/10.
Friday, 10 July 2015
Just another week of declines
Precious metals were lower for the third consecutive week, with Gold and Silver both seeing net weekly declines of around -0.3%. Silver has notably broken below the Nov'2014 low, Gold looks set to follow.
GLD, weekly
SLV, weekly
Summary
Little to add.
Despite weakness in the USD, the precious metals are still unable to rally. The broader downward trend from 2011 continues.
--
Holding to original targets of Gold $1000, with Silver $12/10.
GLD, weekly
SLV, weekly
Summary
Little to add.
Despite weakness in the USD, the precious metals are still unable to rally. The broader downward trend from 2011 continues.
--
Holding to original targets of Gold $1000, with Silver $12/10.
