02.01.2015 - Will 2015 Be The Turning Point For Metals?
Commodities have been in a bear market since the start of 2011 (See Diagram 1) and amongst the worst performing metals are Gold, Silver, Copper and Iron Ore. Gold saw a low of 1142 $/oz in November 2014 and a high of 1895 $/oz in September 2011. The peak to trough was 39.7% and it's currently (26Dec14) at 1195.8 $/oz. Silver saw a low of 15.28 $/oz in November 2014 and a high of 48.70 $/oz in April 2011. The peak to trough was 68.6% and it's currently (26Dec14) at 15.77 $/oz. Copper saw a low of 2.81 $/lb in December 2014 and a high of approx. 4.6 $/lb in Feb 2011. The peak to trough was 38.8% and it's current (26Dec14) at 2.81 $/lb...............................................Full Article: Source
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