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.