Here’s a snapshot of Gold (NYSE:GLD) at the close of trading today:
According to our friends at Bespoke Investment Group:
For the first time in 100 trading days, the price of gold (using the front month futures contract) dropped below its 50-day moving average. This ends the third longest streak of trading above its 50-day that the commodity has had since 2000. The prior two streaks ended back in 2002 (124 trading days) and 2008 (143 trading days).
Here’s a snapshot of Silver (NYSE:SLV) at the close of trading today:
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