SilverSeek January: Gold, Russia and Stock Update – Seabridge, Fortuna, Inca One, Exeter, Gold Resource, Timberline, GoldSource

(Before It's News)

by Peter Spina
Silver Seek

A collapsing oil price and surging US Dollar were unable to bring gold, silver prices lower last month. This firm price action shows the underlying strength of precious metals as we end 2014 with huge physical demand continuing mostly out of Asia, Wall Street however ended 2014 still selling the main GLD-ETF down to 22.7M ounces. This is lower by close to 3M ounces in 2014 and over 20M ounces from GLD’s 2012 peak holdings.

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