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Gold $2,761.62 $6.43 0.23% Silver $30.86 $0.11 0.36% Platinum $960.20 $11.69 1.23% Palladium $976.47 $16.18 1.68%

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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