Weak metals

It was a week of weakness for the precious metals of Gold and Silver, with net weekly declines of -$5.00 (0.4%) to $1282.30, and -$0.60 (3.5%) to $16.39 respectively. Near term outlook offers further weakness, not least if the USD has even a moderate bounce across December.


Gold weekly

Silver weekly

Summary

Suffice to add... gold is still broadly choppy. Silver has seen a rather decisive bearish break lower. That sure doesn't bode well for Gold in the immediate term. Further, copper saw a net weekly decline of -2.4%.

S/t bearish... not least in Silver and Copper.

... implications for the related mining stocks.