Renewed weakness

With the broader capital markets increasingly twitchy about the looming FOMC, the precious metals were also impacted. Gold and Silver saw net weekly declines of -0.9% and -4.1% respectively. Near term outlook is mixed... with moderate threat of a bounce, but still within a broad downward trend.


GLD, weekly

SLV, weekly

Summary

Suffice to add... the more industrial Silver was particularly impacted, as deflationary pressure continue to seriously depress commodities.

The declines were arguably a lot weaker than on first look, as the USD saw a sig' net weekly decline of around -1.0%.
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*with broadly weak metal prices, the related mining stocks will similarly remain weak into 2016.. regardless of however strong the main market might be.