Where has the year gone?
Posted by C Scheftic on 2010/12/31
I started this blog on January 1, and here it is December 31. How can it be a year already? Weeks, sure. Months, possibly. But a whole year?
And quite a year it’s been too. The new studio tops the looking-back list for me, but then there are also all tne new projects, people, outlets, workshops, opportunities and more.
But I can’t ignore the fact that silver closed out the year trading at $30.92 per troy ounce. It had started 2010 at $16.85. For that matter, it had started 2009 at $11.33.
I wonder where it will be by this time next year? One business report indicates:
|Gold rose to within USD 10 of a record high…, closing out an unprecedented tenth annual gain as the combination of a weaker dollar and global economic uncertainty seemed to pave the way higher next year.
The entire precious metals complex had a stellar run in 2010, led by palladium’s 97 percent rise, in a broad commodities rally that pushed the 19-commodity Reuters-Jefferies CRB index .CRB up 15 percent.
Spot silver, too, swept higher for an 83 percent gain on the year, as investors sought the white metal as an alternative to gold. It was the best-performing assets in the CRB, hitting a 30-year peak of USD 30.92 on Friday.