Mea culpa. We ekked out a higher price, yes, but the real action was chop.
6/29/12 | 1600.50 | 27.80 | 144,160 |
6/22/12 | 1572.70 | -54.80 | 163,691 |
6/15/12 | 1627.50 | 32.70 | 158,790 |
6/8/12 | 1594.80 | -26.90 | 156,122 |
6/1/12 | 1621.70 | 48.70 | 130,709 |
Prices tend to move higher in the fall season; perhaps we have another 60 days of "chop" to go here before the stalemate is broken. The deflationists, however, it should be pointed out, are predicting lower prices. Just as vehemently, the gold bulls are talking higher. Hence, the "chop" goes on.....