December 5, 2011

Gold`s Monthly Close Was The Second Highest In History

At $1746, November's nominal closing price was the second highest in the history of the gold market. That's not to say the month wasn't stormy - the yellow metal fluctuated $114 from the monthly low to monthly high. As I address in my commentary, this great volatility is mostly motivated by drastic Fed intervention to support the price of Treasuries, as well as a mistaken belief that the EU as a whole is in worse shape than the US. - in Schiff`s monthly gold report

Tickers, SPDR Gold Trut ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX)

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.
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