May in Precious Metals by Steven Cochran of Gainesville Coins
Welcome to SurvivalBlog’s Precious Metals Month in Review. Here, 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. This column is authored by Steven Cochran of Gainesville Coins. Today, we highlight the effects of terrorism on the price of gold. What Did Gold Do in May? Gold stated the month of May right at $1,268. However, unexpectedly strong economic data blasted prices down by $40 an ounce to a seven-week low in the first week. The first estimate for …