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DG365FD46564GFH654FU898 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 didn’t 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? Let’s 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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