Stocks are doing there best to end the month of August on a high note, but
general economic concerns are pulling them lower. Even if the primary indices
manage to end the day in positive territory, currently they are mixed, the month
of August in general will be a loser. Investors on Wall Street have had to
endure the volatility that stemmed, in part, from the credit downgrade the U.S.
received this month. Indices plummeted lower after this happened and have not
been able to recover. The safe have appeal of precious metal gold soared at this
point in the month and is positive overall for the month of August. The one
month change status for gold is positive by 12.54 percent. Silver has benefited
as well. The one month change status for precious metal silver is positive by
5.47 percent. As the close of the last trading session for August approaches,
the primary stock indices are mixed. The DJIA is green but the Nasdaq and S&P
500 are notching lower. Gold contract for December delivery is green by .10
percent at 1831.70 per troy ounce. Silver contract for September delivery is
green by .73 percent at 41.70 per troy ounce. Spot gold is just red at this
point. Spot gold per gram was lower by .02 at 58.71 and spot silver per ounce
was green by .16 at 41.56. Camillo Zucari
No comments:
Post a Comment