Gold And Silver Volatility: 1969-2012 And Possibly The Best Play

Gold And Silver Volatility: 1969-2012 And Possibly The Best Play For A Crash In The Global Bond Markets

Let’s take a historical look at daily volatility in the old monetary metals from the early days of the 1969-80 bull market to the present. Doing so, we’ll gain a unique insight into the current bull market in gold and silver, as there are some very interesting things to note for gold and silver in the early 21st century.

Below contains a table listing the performance for gold and silver from 1979 to 2012. Note that 2012 gold and silver prices are based on the close of 19 December. With five trading days to go, data for 2012 is not definitive, but is close enough to assume that both gold and silver will have another up year. Also note that I skipped ten years in the data in the table below, from 1980-89. Everyone knows that in 1980 gold rose above $800, and silver saw $50, but silver never closed above $50, and the bull market peaks in both gold and silver occurred during an astounding seven trading-day buying panic (14-21 January 1980), after which precious metals prices dramatically collapsed into a twenty one year bear market.

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