Weekly Gold Market Review For November 27

Jon Blogosphere, Gold, Market Commentary, Precious Metals, Silver

In his weekly market review, Frank Holmes of the USFunds.com summarizes this week’s strengths, weaknesses, opportunities and threats in the gold market for gold investors. Gold closed the week at $1,057.98 down $19.90 per ounce (-1.85%). Gold stocks, as measured by the NYSE Arca Gold Miners Index, lost 0.03%. Junior miners outperformed seniors for the week as the S&P/TSX Venture Index climbed 0.14 percent. The U. S. Trade-Weighted Dollar Index gained 0.47 percent for the week.
Gold Market Strengths
Silver was the best performing precious metal this week with a slight decline of 0.6%. Short sellers apparently did not care if silver traded lower as over 18,000 gold contracts, or $1.9 billion notional, was dumped in overnight markets.

This post was published at GoldSilverWorlds on November 28, 2015.