May the New Year of 2013 be a Happy, Healthy, Safe and Prosperous one for you all. Thank you for your interest in the blog this past year. For those who took some time out to write words of encouragement or thanks, I appreciate you!
Only the Lord knows what will come our way in this next year but one thing promises to be certain in regards to the markets - more volatility, more uncertainty, more wild price swings and more Central Bank interference.
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.
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