November 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 silver and examine the “what” and “why” behind those numbers. Gold hit a 4 1/2 year low of $1,131 an ounce in the first week of November, then posted three straight weeks of gains to the $1,200 level. The rally was snuffed by the November 27th OPEC meeting, where oil production was maintained at its current levels. The resulting crash in crude oil futures pulled the currencies of oil-producing …