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Precious Metals Market Commentary

by Adam Taggart, Silver Bear Cafe:

Gold finished Friday up $1.50 on light volume to 1313.50, with silver up $0.30 to 20.51 on good volume. The gold/silver ratio dropped to 64.04, below its 50 day MA. Gold is at its 50 day MA while silver closed above its 50 day MA for the first time since Feburary 6 2013. Over the past week, silver has clearly outperformed gold and it closed right at the top of its trading range.

Over the week gold is up $0.70 [+0.05%] while silver is up $0.67 [+3.38%].

Assisting gold this week was the dollar, down -0.85 [-1.03%] to 81.15. Given that gold didn’t rise, and the dollar dropped, that would normally not be a very good sign. However silver moved up and eventually it should drag gold up along with it. This week it appeared that the taper/don’t-taper thesis primarily drove futures gold prices, while silver futures seemed to be linked more closely to movements in copper and economic developments in China.

Read More @ silverbearcafe.com

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1 comment to Precious Metals Market Commentary

  • NaySayer

    What we are really fighting for is for this general’s friends in the military/industrial war profiteer welfare queen club to keep getting orders for their lethal crap.

    We are fighting for all generals to have a high paying job at welfare queen war profiteer companies sucking at the taxpayers teat when they quit the military.

    We are fighting for the right of poor kids to get killed and their limbs blown off so they can get the GI bill & a college education while the kids of the rich banksters & military/industrial welfare queens go to elite colleges on taxpayer bailout funds.

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