Saturday, 31 October 2015

Precious metals retreating push miners down the cliff

By mid October miner sentiment had improved as gold broke above $1180, but there's little left of that optimism. With gold closing October at $1141.7, down 1.9% over the week, the yellow metal has given back about half of its October gains.  Silver at $15.535 (-1.7%) doesn't do much better. The white metal only briefly regained $16 by mid October.