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 …