The bad news isn’t over yet – possibly far from it. The closing numbers today are absolutely stunning, and not in that "OMG I CAN’T BELIEVE THEY’RE SO HIGH" kind of way. Take a look for yourself:
- Gold: $751
- Silver: $10.65
- Platinum: $1161
- Palladium: $225
Wow, just wow. Silver is back in the $10′s – will it fall to the single digits again? Just when we thought $25 was almost set in stone, we’re facing the very real possibility of single digit silver.
Gold hasn’t done much better – losing $25 in a single day. Who would’ve thought we’d see $750 gold again?
The Platinum group metals have had a terrible time of it too… with Platinum itself dropping to $1161. It’s not so long again that PT sold for well over $2k per ounce. How the mighty have fallen.
Just two more days in this bloody week. Will the metals rally? Will they continue to falter? All we can do is watch, and try to time our buying / selling decisions as best we can.
