Gold, silver and precious metals stocks take a dump
Gold (GLD) dropped another 2.98% this week as it breaks major support with increasing volume. This is not a good sign.
Silver (SLV) lost some 3.12% for the week. Silver is keep getting lower and lower for a while now and it doesn't seem like it's going to change soon.
Platinum (PPLT) was smashed, falling every day this past week to end down 2.9% on balance. This white metal has no chance at all with gold and silver so weak.
Palladium (PALL) was hit very hard and lost 5.87% for the week. Like Platinum, Palladium really has no chance of moving higher with the other metals so weak.
Enjoy your trading
