Stock composite trending dropped lower earlier this day and was still posting
in the red at the halfway point of todays trading session. The dollar was still
lower versus the euro and the British pound at this point and Gold and Silver
price per ounce rates were still posting green. Investors continued to feel the
negative pressure stemming from moderate inflation potentials. Surging food and
oil prices continue to place downward pressure on stock index composite trending
and this, paired with the dollars loss in strength, is helping precious metal
gold and silver prices post higher. April contract gold was up by $12.40 at the
mid-day point in the days session. End of day market tracking for the major U.S.
indices revealed that stocks closed with sharply lower figures. The Dow Jones
was red by 1.38 percent. The Nasdaq was red by 1.61 percent and the S&P 500 was
red by 1.57 percent. The significant index loss increased safe haven asset
appeal and Gold and silver benefited from this action today. Precious metals
were posting green values across the tracking board. April contract gold was
higher by .40 at $1,431.60 an ounce. March contract Silver was higher by .19 at
$34.61 an ounce. Floor price for Gold, Silver, Platinum and Copper posted in the
green for close on March 1st, 2011. Author: Camillo Zucari
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