Index values were lower today at the end of day close for November 11th, 2010
but precious metal commodity values were trending green at the end of the
session today. Gold and Silver December delivery contrat values price per ounce
were ahead. End of day close for the Dow Jones Industrial Average was lower by
.65% and settled at 11,283.70. The Nasdaq was lower by .90% and settled at
2,555.52. The S&P 500 was lower by .42% and settled at 1,213.54. The ten year
treasury yield closed the session at 2.65%. President Obama met today in Seoul
with other global leaders to take part in a symposium about how to achieve
balanced and sustainable economic growth. Obama has reiterated that the American
economy warrents special attention as he called the U.S. economy a huge engine
that can and will be the motor that drives growth in other countries. Currency
rate details will stem from this meeting and precious metal commodities should
respond. Today they responded in a postive way. Gold for December delivery was
up by .29% and finished the trading session in the U.S. at 1,403.30 an ounce.
Silver for December delivery rose as well and finished the session up by 2.01%
and settled at $27.40. Investors got off the bench and continued to position
money into the perceived safe haven assets. Author: Camillo Zucari
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