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Gold $3,450.09 $1.37 0.04% Silver $40.05 $0.3 0.75% Platinum $1,373.70 $6.64 0.49% Palladium $1,111.35 $12.2 1.11%

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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