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Black Friday Madness comes to Gold and Silver Markets

Friday, November 28, 2014 20:05
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(Before It's News)

Seems the Gold and Silver markets have embraced the Black Friday sales concept and sold off, giving shoppers sale prices on both metals.

Gold was down 2.5% and silver down a massive 6.64% for the day. In Australian dollar terms it meant that gold was off $30/oz and silver off a whopping $60/kg!

Several factors seem to be in play at the moment, the Swiss Gold Referendum is on Sunday (polls indicate a No vote) and the continuing slide in the oil price have both weighed down the gold market and which has been amplified in the much smaller silver market.

charts from goldprice.org


Source: http://ausbullion.blogspot.com/2014/11/black-friday-madness-comes-to-gold-and.html

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