Tuesday, December 3, 2013

Gold and Silver have yet another Taper Tantrum

Gold and Silver prices have fallen over night with Gold down 2.5% and Silver down over 4%. Declines have been blamed on US Fed "taper talk" and a strengthening US$. Personally I am getting very tired that one market in a country of 300 Million people is determining the price of gold and silver when a region stretching from Turkey to China, comprising over 3 Billion people, is frantically trying to accumulate these metals at record levels.

Charts from goldprice.org