May 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. May was a dance between gold and the greenback, as the two fell back into a negative correlation. Gold traded in a tight range between $1185 and $1195 for the first part of the month, before a weakening dollar helped both gold and silver rally to a three-month high. The dollar hit a four-month low on May 15, then rallied into …