Friday, December 20, 2013

Gold and Silver slump as the Taper Shock sinks in

Gold and Silver prices slumped overnight, with both metals off about 3.8%. Seems the taper decision, and its subsequent positive effect on equity prices has caused some trend chasers to exit precious metals, and commodities in general, to chase the rising US indexes. Bit like dropping your health insurance because you are starting to feel better.


charts from goldprice.org