Dollar Up, Silvery Collapses
Here are 2 weeks of argent futures via FinViz:
As noted inwards a December '16 post:
After the 2 calendar week time out inwards gold's "stately decline" nosotros idea nosotros saw coming inwards August 13's "Gold, Silver Looking At Two-Year Lows" the longs inwards both are getting crushed.
Here's Kitco:
Gold Extends Losses, Back Below $1,200, As USDX Hits Daily High
Gold Lower As Capital Flows Into the US$ On Trade Concerns
As noted inwards a December '16 post:
...gold was concluding downwards $10.90 an ounce at $1,131.80. March Comex argent was concluding downwards $0.289 at $15.80 an ounce....Front futures $14.09, downwards 47 cents (3.21%)
...Throwing numbers around, the Dec 2015 depression inwards argent was $13.90-something then nosotros convey a duet bucks to larn earlier that multi-year support.
On aureate nosotros withal intend the the 1980 highs-Hong Kong $875; New York $850-are achievable. An equivalent 23% turn down inwards argent gets yous downwards to the depression $12's.
That Polish Olympian who sold his argent medal concluding August said he did it to salve a minor fry amongst oculus cancer but I'm starting to intend he was using unopen to black-box marketplace timing.
After the 2 calendar week time out inwards gold's "stately decline" nosotros idea nosotros saw coming inwards August 13's "Gold, Silver Looking At Two-Year Lows" the longs inwards both are getting crushed.
Here's Kitco:
Gold Extends Losses, Back Below $1,200, As USDX Hits Daily High
(Kitco News) - Gold too silver prices convey extended early on losses too are solidly lower too virtually their daily lows inwards late-morning U.S. trading Tuesday. Silver has hitting a 2.5-year depression today. Influenza A virus subtype H5N1 rigid rally inwards the U.S. dollar index, which has but hitting its daily high, is emboldening the precious metals sellers to kickoff the U.S. trading week. Gold has dropped dorsum below $1,200.00, patch argent is threatening to autumn below the commutation $14.00 level. Dec aureate was concluding downwards $11.00 an ounce at $1,195.80 too Dec argent was downwards $0.482 at $14.08.Also at Kitco:
Gold Lower As Capital Flows Into the US$ On Trade Concerns
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