Friday, October 31, 2014

Gold and Silver Clubbed Like Baby Seals

Gold and Silver were beaten down in overnight trade, with gold falling over 2% to below $1,200 and silver over 4% to below $16.50. Traders continued to bid the US Dollar higher with the USD index over 86 as the fallout from the Fed ending QE continues to be felt across all markets along with a fear of rising rates in 2015.


charts from goldprice.org