March in Precious Metals, by Stephen Cochran

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 gold’s performance, and the factors that affected gold prices What Did Gold Do in March? While gold ended March with a third monthly loss in a row, it wasn’t nearly as bad as the beating it received in February. Once again, it was Treasury yields that dominated market sentiment for gold in March, at least for the first three weeks. After bond yields settled down, it was the dollar’s turn to depress precious metals (except …




February 2021 in Precious Metals, by Steven Cochran

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 gold’s performance, and the factors that affected gold prices. What Did Gold Do in February? Gold didn’t have a very good month in February, closing at a second monthly loss in a row. This culminated in a $53 drop in spot gold on the last trading session of the month, hitting $1,716 an ounce before recovering back to $1,730. This puts gold on track for the worst month in four years. The pain this month …




January 2021 in Precious Metals, by Steven Cochran

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 gold’s performance and the factors that affected gold prices. Year-End Gold Market The fourth quarter of 2020 was not kind to precious metals. Losses in both October and November seriously dented annual returns for both gold and silver. Gold’s December gain of 6.3% was barely enough to erase October and November’s losses. Still, gold posted a gain of more than 24% in 2020, a ten-year high. Silver traded up 17% in December, enough for a …




December 2020 in Precious Metals, by Steven Cochran

Welcome to SurvivalBlog’s Precious Metals Month in Review, authored by Steven Cochran of Gainesville Coins, where we take a look at “the month that was” in precious metals. Each month, we cover gold’s performance, and the factors that affected gold prices. What Did Gold Do in December? First, some end-of-year numbers. Gold set several new all-time highs in 2020, capped by an intraday peak of $2,081.80 an ounce. Gold prices gained 24% for the year, recording the largest annual return in ten years. Spot silver rose 47.6%, also a ten-year high. Precious metals were helped in part by the US …




November 2020 in Precious Metals, by Steven Cochran

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 gold’s performance and the factors that affected gold prices. What Did Gold Do in November? There were many different factors steering gold prices in November, but the two major influences were also the most controversial: the COVID epidemic and the Presidential election. Gold gained in early November, as COVID infections and deaths rose in the US and Europe. The possibility of a contested Presidential election was an even larger factor in the early November gold …




October 2020 in Precious Metals, by Steven Cochran

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 gold’s performance, and the factors that affected gold prices. What Did Gold Do in October? Gold was range-bound between $1,890 and $1,930 in October, until it suffered big COVID-related losses the last three days of the month. Spot gold fell from an October 27 close of $1,907 to an $1,867 close on the 29th. Even this $40 drop did not move the average spot gold price in October more than a dollar, from $1,902 to …




September 2020 in Precious Metals, by Stephen Cochran

From 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 gold’s performance, and the factors that affected gold prices. Gold ended August on a down note, logging the first monthly loss in six months. December gold futures lost 3.7% in August, while spot gold lost 4.4%. Silver parted ways with gold in August, riding its rally by ending the month 18% higher on the COMEX, and 15% higher in the spot market. What Did Gold Do in September? Gold …




July 2020 in Precious Metals, by Steven Cochran

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 gold’s performance, and the factors that affected gold prices. What Did Gold Do in July? I hope that nobody followed that old saying “Sell in May and go away,” because gold had a very, very good month in July. Both gold futures and spot gold repeatedly shattered all-time record prices in the last half of the month. Gold built on the base formed at $1,800/oz to start the second week of July. After about July …




June 2020 in Precious Metals, by Steven Cochran

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 gold’s performance, and the factors that affected gold prices. – Steven Cochran of Gainesville Coins What Did Gold Do in June? Gold buyers proved more than willing to step in and buy the dips in June. This bargain hunting became more pronounced as the month went on, and forecasts of an imminent run at all-time highs increased. Spot gold ground higher in June, starting around $1,700, and running into tough resistance around the $1,765 level …




May 2020 in Precious Metals, by Steven Cochran

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 gold’s performance, and the factors that affected gold prices. What Did Gold Do in May? May was a volatile month for gold. Multi-day rallies were ended by big single-day losses on several occasions.  Prices for both gold futures and spot gold started May at $1,700. June gold futures hit a monthly high of $1756 on May 15, while spot gold hit a high of $1748 on the 20th. The May lows for gold were $1,688.50 …




April 2020 in Precious Metals, by Steven Cochran

This monthly column is 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 gold’s performance, and the factors that affected gold prices. What Did Gold Do in April? Spot gold began the month of April at $1,577 an ounce. Spot silver started the month at $13.93. Gold put in a strong performance in April, considering that retail gold demand from Asia was non-existent. China, India, and the rest of the Southeast Asian nations remained under lockdown to combat …




March 2020 in Precious Metals, by Stephen Cochran

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 gold’s performance, and the factors that affected gold prices. I’d like to start this month’s column by just saying “Wow.” What Did Gold Do in March? Spot gold ended February on a down note, falling $58 to end at $1,585 an ounce. This wiped out most of gold’s gains for the month. The second week of March saw gold prices get crushed, as investors sold anything and everything possible to meet margin calls on their …




February 2020 in Precious Metals, by Steven Cochran

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 gold’s performance, and the factors that affected gold prices. – Steven Cochran, of Gainesville Coins Gold In 2019: A Review Before we get into gold’s wild ride in February, let’s take a look at it’s performance last year. (Data for this review was supplied by the World Gold Council.) Overall global gold demand was down 1% in 2019, to 4,355.7 metric tonnes (4,801.3 US tons). Higher prices slowed physical gold demand, but this was more …




June in Precious Metals by Steven Cochran of Gainesville Coins

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. …