December in Precious Metals, by Steven Cochran of Gainesville Coins
Welcome to SurvivalBlog’s Precious Metals Month in Review, 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 December? Every December is a time of thin volumes in all assets. One good-sized sale or purchase can move prices. All this was exaggerated by the Fed’s December 16 interest rate hike. Gold jumped $20 an ounce multiple times this month, only to see the gains slowly eaten away each time. December 4th was a strange …