Gold and silver prices changed direction very sharply throughout 2011: despite
the sharp gains of gold and silver prices up until September, precious metals
prices changed direction during the last quarter of the year and plummeted in a
very short period of time; from this drop precious metals didnt recover
throughout the remainder of the year. Silver price declined below its initial
price level from the beginning of the year, while gold price ended the year only
12% above its price level from January 3rd 2011. Can we learn from the
developments in the bullion market during 2011 to predict what will be the
direction of gold and silver prices in 2012? Lets examine up close the
development of precious metals prices in 2011 and offer a broad prediction for
gold and silver prices in 2012.
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