Sunday, January 2, 2011

Silver and gold finish at their highest /silver up 84% this year - Harvey Organ's Daily Gold & Silver Report

Silver and gold finish at their highest /silver up 84% this year.

Good morning to you all and a Happy New Year. May this year be a healthy and prosperous one for you.

Silver finished the regular comex session at $30.91. It also finished the access market price at the same level reaching its pinnacle for the year at closing time. The highest ever close on silver is $50.00 which occurred during the Hunt brothers attempt at cornering the silver metal (January 1980). Most of the gains in that year occurred during December 1979 and January 1980. Silver has now spent more time over 20.00 dollars this past year than it did in 1979-1980.

Gold finished at regular comex session at $1421.00 and it too finished the access market at the same level. Gold reached its pinnacle price for this year and all time at closing.

I would like to point out that gold has now risen consecutively for the past 11 years:

From Richard Russell: ( have inserted the 2010 closing price of gold)

The venerable Richard Russell…

December 27, 2010 -- I have posted below the year-end price of gold starting with the year 2000, the first up-year of one of the greatest and least appreciated bull markets in history. Take in this series, you may never see its like again.

2000 -- $273.60
2001 -- $279.00
2002 -- $348.20
2003 -- $416.10
2004 -- $438.40
2005 -- $518.90
2006 -- $638.00
2007 -- $838.00
2008 -- $889.00
2009 -- $1118.40
2010 -- $1421.00.

... (lots more CLICK HERE to view the whole post)

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