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Energy and commodities: 2011 and 2012

Posted on 22 December 2011

According to data from Kitco, gold started the year around $1,400 per ounce, and is currently trading at just over $1,600 per ounce. Silver, on the other hand, started the year at $30.70 per ounce, and now trades a tad lower in the $29.50-per-ounce range. It was what silver did during the year that made all the headlines.
Back in April, it hit a high of $48.70 per ounce. The scale and speed of the decline after the April high suggested institutional dumping of the metal. Prior to the sell-off, silver was widely viewed as another safe haven (like gold) against money printing………………………………………..Full Article: Source

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VRS - who has written 37533 posts on Opalesque Commodities Briefing.


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