22.12.2011 - Energy and commodities: 2011 and 2012
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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