The move enabled gold to put in yet another good performance on a yearly basis as it added 6.9% in 2012.
Gold in Yen terms was the best performer among the major currencies as the Yen lost over 20% of its value against gold.
Monday, December 31, 2012
Comex Gold Closes UP 6.9% for the Year
Comex gold had a nice day to finish out the year as it moved sharply higher around mid morning and pushed right into strong resistance at $1680 on the price chart.
The move enabled gold to put in yet another good performance on a yearly basis as it added 6.9% in 2012.
Gold in Yen terms was the best performer among the major currencies as the Yen lost over 20% of its value against gold.
The move enabled gold to put in yet another good performance on a yearly basis as it added 6.9% in 2012.
Gold in Yen terms was the best performer among the major currencies as the Yen lost over 20% of its value against gold.
Thanks Dan. Could you post how silver did to compared to last year?
ReplyDeleteThanks!
According to Stockcharts, silver performed as follows.
Delete30-12-2011 closed at $27.78
03-01-2012 opened at $27.98
31-12-2012 closed at $30.23
That is +8.8% from the 2011 close, or +8.0% from the 2012 open.
Happy New Year Dan
ReplyDeletebest wishes for a happy, healthy and prosperous 2013!
ReplyDeleteLooks like someone didn't like golds rally today. $11.20 just got erased instantly this evening even though it appears there isn't any trading due to holiday. This is on Kitco site.
ReplyDeleteI also noted that on the Kitco website soon after the market closed. I have often seen the Kitco website present "corrections" to the price after a market close, sometimes to the upside. In this particular case the anomaly has now been changed to a flat line at $1675.20, and the drop has been removed, so I attribute the earlier drop to a glitch in Kitco's data.
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