Friday, 29 December 2017

Gold and Silver - 2017

Gold and Silver ended the year on a positive note, settling net higher for the week by 2.4% and 4.3% respectively. For December, Gold and Silver saw net gains of 2.5% and 4.1% respectively. For 2017, Gold and Silver saw significant net gains of 13.7% and 7.2% respectively.

Gold weekly

Gold monthly1b

Silver weekly

Silver monthly1b


The precious metals certainly ended the year on a very positive note, with a third consecutive week of gains. This made for a sig' net monthly gain. More broadly, after gains into the spring, it was mostly a year of chop.

On a grand perspective, it should be clear that things would turn decisively bullish if Gold >$1400s, and Silver >$22s. 

I am heavily leaning to the notion that 'Mr inflation is out there'. We are seeing indirect support for that view via copper and oil.

Eyes on the CRB...

Any price action >197 would be highly suggestive gold/silver will follow upward in 2018.