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Gold $3,117.10 $35.79 1.16% Silver $33.94 $(0.1) -0.29% Platinum $999.45 $17.2 1.75% Palladium $992.50 $22.4 2.31%

Zaner Daily Precious Metals Commentary

Zaner Daily Precious Metals Commentary

With a downside breakout in the dollar index overnight to the lowest level since April 12th, a portion of the bear camp should be discouraged.

However, gold has clearly established a pattern of lower highs and remains within the lower quarter of the range of the last 30 days in a fashion that favors the bear camp.

Furthermore, gold ETF holdings yesterday declined by a VERY significant 193,328 ounces for a 0.2% daily decline, with silver ETF holdings declining by 4.3 million ounces in the last two days...[MORE]

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