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Gold Gains 8.5% In 2016, Silver Up 15.7%

Discussion in 'Gold Silver (All things Metal)' started by Scorpio, Dec 30, 2016.



  1. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

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    Gold Gains 8.5% In 2016, Silver Up 15.7%

    Barrons 1 hour 17 minutes ago
    Gold and silver ended down in Friday trading, but both ended 2016 higher than they started. Gold gained $89.70 per troy ounce, or 8.46%, to $1150.00, this year. It’s up $18.00, or 1.59%, this week as well. However gold closed down $6.40, or 0.6% today, is off $20.80, or 1.78% for the month, and lost $163.30, or 12.43%, this quarter. Silver gained $2.16 per troy ounce, or 15.69%, to $15.9360 this year. It’s down 22.70 cents, or 1.40%, today, down 47, cents or 2.86%, this month, and down $3.20, or 16.74%, this quarter. Several analysts lowered their gold forecasts for 2017, although not all gold stocks, citing a tougher investment environment for the metal.

    https://www.yahoo.com/news/m/adfe0dc4-f5f3-3de3-92ea-5631da2c5eb8/gold-gains-8.5%-in-2016,.html
     
  2. Ebie

    Ebie Midas Member Midas Member

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    The DOW did much better than gold...
     
  3. Zed

    Zed Size doesn't count! Midas Member

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    ~ 13.5% I think... split the two, but gold was killing the DOW for a long while.
     
  4. Gun Ban Extremist

    Gun Ban Extremist Seeker Seeker

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    The Dow benefited from the Trump bump, while gold's gains eroded due to the Trump dump. Most predictions crumbled as analysts fumbled and bumbled on this. Instead of the anticipated gold $1400 and S&P down 10%, metals prices stumbled and tumbled even as stocks rumbled. Whether it be metals or stocks, are we over the hump, or is it time for another pump? Impossible to tell.
     
  5. goldielox1

    goldielox1 Silver Miner Seeker

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    Remember the CAPM model? Stocks used to be considered a highly risky investment. To think a 50% Au / 50% Ag portfolio, with metals considered by experts to be the safest play other than cash, performed just as well in a big up year for stocks is pretty impressive.
     
  6. Fjpod

    Fjpod Silver Member Silver Miner

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    I'm not so sure cash is a safe play....in the long run.
     

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