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dow2664 This week will be a busy one for economic report in the U.S. Investors on Wall Street are hoping that positive momentum from last week will carry over the weekend and help indices open higher. Hurricane Irene, now tropical storm Irene, ravaged much of the East coast and put a damper on business. Money was lost and it wasn’t until yesterday that the mayor of New York made it clear that the NYSE would ring the opening bell on time as usual to begin the week. If that wasn’t enough to cause tension, investors now only have to worry about the state of economic progress from here on out in the U.S. Federal Reserve Chairman Ben Bernanke stated last week that further analysis of concerns would need to take place before the central bank will move to address identified concerns. He stopped short of offering QE3. At this point, the safe haven interests peaked in the minds of many investors and precious metals gold and silver finished off the last trading session in the green. It appears that gold may be moving its way up the ladder once again. Gold steadied in the latter half of last week and closed out the last session green by 1.93 percent at 1797.30 per troy ounce. Silver moved green by .51 percent at 40.95 per troy ounce. Just prior to opening bell today, spot gold and spot silver were moving in positive territory too. Spot gold per gram was green by .75 at 58.43 and spot silver per ounce .21 at 41.16. Camillo Zucari
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