Gold and Silver Current Thoughts 10-15-2015

(Before It's News)

From the trading desk;

Gold and silver continue to grind higher, all the more impressive in the face of rallying equities and the euro losing ground against the USD today.  Yesterday, gold closed above its 200 day moving average for the first time since mid-May and it has now gained $50 in the past five trading days.  After looking like it would stall and see some profit taking, silver made a modest push above its own 200 day moving average yesterday.  Physical fabricated coin and bar demand in North America has undoubtedly slowed in this recent move up for the precious metals.  Premiums and delays on products have started to contract as spot prices have risen over the past two weeks.

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