Sunday, December 31, 2017 9:51:03 AM
positive territory.
On the day, it was up $8.12 or .6%
On the week, it was up $28.35 or 1.02 %
On the month, it was up $28.16 or 1.02%
And. . . last but not least, on the year it was up $152.00 or 13.2%.
Closing price: $1302.90
Silver also finished the day, the week, the month and the year
in positive territory, but not quite as spectacularly as did gold.
On the day, it was up 7¢ or .4%
On the week, it was up 55¢ or 3.4%
On the month, it was up 54¢ or 3.2%
And. . . on the year, it was up $152.00 or 6.4%.
Closing price: $16.92
For gold, it was the best year since 2011,
the second straight year of posting gains and one
that evolved despite a strong stock market,
the constant threat of rising interest rates and,
rightly or wrongly, an optimistic start to
the Trump administration in terms of business and finance.
Quote of the Day
“Large speculators have made a record shift in their positioning
for the last two weeks.
In the latest week, they reduced their net longs by 66,000 contracts
after a reduction of ~51,000 contracts the previous week.
This group of traders is usually considered trend-followers.
The extreme positing by this group may provide a clue
to a changing trend.
In contrast to speculators, commercial traders and bullion banks
have reduced their net short positions in gold.
This group of traders is usually referred to as smart (bankster) money.
When this category hits the bottom in short interest,
prices usually rise.
It has been hailed as an indicator that gold prices could have an
advantage as we enter 2018.” –
Annie Gilroy, Market Realist
10 charts that show why gold is undervalued right now -
Frank Holmes - U.S. Global Investors | about 19 hours ago |
http://www.mining.com/web/10-charts-show-gold-undervalued-right-now/
Gran Colombia Gold Corp. (TPRFF)(GCM.TO)
1 month breakout 1.98(GCM.TO)+35%in2017
I have a nice profit and still like Gran, with their 1.7 P/E or so
Gran can 4 bag in 2018 as gold is perking going over 1300 and
mining stocks in general starting a rally.
geodan thank you good info )
Gold Prices Are Rising as the Fed Hikes Rates -
https://moneymorning.com/2017/12/15/dont-be-fooled-gold-prices-are-rising-even-as-the-fed-hikes-rates/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+USMoneyMorning+%28Money+Morning%29
Note ....
The gold bull market in the 1970s and 1980s happened
even as the Fed tested record-high interest rates.
The yield on the 30-year Treasury bond rallied sharply
during the late 1970s, eventually topping 15% in 1981.
Gold rallied from about $100 per ounce in 1976
to over $850 per ounce in 1980.
In GOD We Trust -
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
- Happy New Year -
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