GLD, daily
GDX, daily
Summary
Interesting day in commodity land, with sig' declines in not only energy.. but now also the metals.
-
Other than that... its merely a day of consolidation after last weeks hyper-ramp from sp'1972/2077.
Monday, 22 December 2014
2pm update - metals on the slide
Whilst the main market is holding gains - especially in the Dow, there is notable weakness in the precious metals. Gold is lower by a rather significant -$20, with Silver -2.6%. This naturally impacting the miners, the ETF of GDX -4.7%. Outlook is bearish into year end.. and beyond.
GLD, daily
GDX, daily
Summary
Interesting day in commodity land, with sig' declines in not only energy.. but now also the metals.
-
Other than that... its merely a day of consolidation after last weeks hyper-ramp from sp'1972/2077.
GLD, daily
GDX, daily
Summary
Interesting day in commodity land, with sig' declines in not only energy.. but now also the metals.
-
Other than that... its merely a day of consolidation after last weeks hyper-ramp from sp'1972/2077.