Search Results for: Steven Chochran

Guest Article: March in Precious Metals, by Steven Cochran

Welcome to SurvivalBlog’s Precious Metals Month in Review, by Steven Chochran of Gainesville Coins. Every month, we’ll take a look at the “month that was” in precious metals (PMs), covering everything from price action to the information that’s driving the numbers. Major Factors Affecting Precious Metals Of course, the thing that dominated the news in March was Russia’s invasion of the province of Crimea in Ukraine and annexation of the area into Mother Russia. Something, that got less attention but had just as much effect on gold, was the failures in China of “shadow loan” funds. UKRAINE. Russian troops poured into the southern Ukrainian province of Crimea in the pre-dawn hours of March 1st, in response to security worries following the ousting of pro-Russian Ukrainian president Viktor Yanukovych, which set off the largest international incident in Europe since the collapse of the Soviet Union. Gold gained strongly on safe haven…


January in Precious Metals, by Steven Cochran of Gainesville Coins

Welcome to SurvivalBlog’s Precious Metals Month in Review, by Steven Chochran of Gainsesville Coins where we take a look at “the month that was” in precious metals. Each month, we cover the price action of gold and examine the “what” and “why” behind those numbers. What Did Gold Do in January? December 30th saw gold end 8% higher for the year, for the first annual increase since 2012. The trend continued for gold in January, as prices moved upward for nearly the entire month. Starting January (and the year) near $1,152 an ounce, profit-taking and safe haven demand played tug-of-war the first week. Afterward, gold and silver trended higher, assisted by a weaker dollar, until the end of the month. Monday the 23rd saw gold book its last gain for the month. Rising business sentiment after Trump reversed the ban on the Keystone XL and Dakota Access pipelines helped the…


June in Precious Metals by Steven Cochran of Gainesville Coins

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Welcome to SurvivalBlog’s Precious Metals Month in Review, by Steven Chochran of Gainesville Coins, where we take a look at “the month that was” in precious metals. Each month, we cover the price action of gold and examine the “what” and “why” behind those numbers. What Did Gold Do in June? Gold made another run for the $1300 mark in early June. It closed at $1,294 an ounce on June 6th. This was not acceptable to the market manipulators, so they engineered a “take down” in gold later in the month. By trading 1.8 million ounces of gold (61.7 U.S. tons) in one minute, this “mystery” transaction chopped the gold price to a six-week low. Gold prices stabilized at the end of the month but still posted the first monthly loss of the year. Even after June’s losses, gold is still 8% higher for the year (chart). Factors Affecting Gold…