Recapping the week, gold finished up $10.50 and 0.74% from last week's close, while silver posed a huge gain of $2.04 and 5.78% over last week, closing just $0.10 less than its 31-year high set on March 23rd. The total average percent gain over last week for our precious metals was 3.26% -- strong performance, even given that they closed lower than their peak highs this week.
Our Vanguard investment posted a gain of $2.71 and a respectable 2.29% increase over last week after unexpected strength in the S&P 500.
Tomorrow you can expect a full recap of this week's action, and part two of my article, Are precious metals prices headed for a major crash?
Until then, here are the numbers from Friday's trading:
Results upon NY close of trading -- March 25, 2011:
- Gold closed at $1,430.20 per oz, down $0.60 and -0.04% from yesterday. Silver closed at $37.32 per oz, up $0.15 and 0.40% from yesterday.
- VFINX closed at $120.98 per share, up $0.39 and 0.32% from yesterday.
Investment #1, Precious Metals:
- Percent return for the day: 0.18%
- Profit for the day: $178.62
- Total percent return: -2.9%
- Total profit: $-2,884.44
Investment #2, Vanguard 500 Index:
- Percent return for the day: 0.32%
- Profit for the day: $325.26
- Total percent return: 0.9%
- Total profit: $942.42
Advantage: Vanguard 500 Index, by $3,859.98
The gap between your precious metals and Vanguard looks like it's going to even out soon!
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