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Gold Trends Higher, Silver Stays Strong

q16penn Wrote: Nov 24, 2012 5:02 PM
Proof positive of those Clintonian budget surpluses. The following is an excerpt from Governor George W. Bush's 2000 'American Dream' GOP Party Platform: "Over a five year period, as surpluses continue to grow, we will return half a trillion dollars to the taxpayers who really own it, without touching the Social Security surplus. We are also determined to protect Medicare and to pay down the national debt. Reducing that debt is both a sound policy goal and a moral imperative." That dream had turned the USA into a pile of rubble (remember the fall of 2008?) and we have all seen how our country had been destroyed by George Bush's eight year "Reign of Error." GOOGLE IT!

The euro continued to gain ground against the dollar as precious metals prices moved higher. 

Gold was up $4.57 to $1,734.17 and silver also up $0.06 to $33.40, for a silver/gold ratio slightly higher at 51.9.

I’ve been stressing all week that the trends we see in precious metals should be taken with a grain of salt.  There was no trading in U.S. markets on Thursday and only a half-day on Friday; many traders took the whole week off and volume has been relatively soft. 

Even...

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