Wednesday, December 21, 2011

@AllAmerInvest Gold 2011, Gold Chart

Gold Prices to end 2011 Below $1,800: You Said It

Gold had a wild year, starting the year at $1,412 an ounce, hitting a low right out of the gate of $1,314 and then rallying to an intra-day high of $1,923 an ounce.

The past few months have not been kind for gold. Gold tanked 13% in September and 8% in just three days last week as a strong dollar hammered prices. Now gold is floating around $1,600 an ounce as volume thins out.

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All American Investor

Spot gold right at the 200 day moving average.

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Original content Bob DeMarco, All American Investor