The marketplace was choppy and volatile yesterday and the major index
composites ended the day mixed. Gold and silver prices ended the day lower as
they closed in negative territory. Red was the hue observed across the majority
of the primary metal board. The safe havens did not get as much attention during
the last session as expected. It was a bad week for stocks, one of the worst
weeks in the past couple years. The GDP was weak. The consumer spending report
was weak. The manufacturing report was weak. The added jobs were below the
number needed to keep pace with population growth. All these economic posts
pushed stocks lower. Seemingly a prime environment for precious metal gold to
prosper. It did not however. Gold contract for December delivery fell lower by
.43 percent or 7.20 to close out at 1651.80 per troy ounce. Silver for September
delivery dropped lower by 3.09 percent per troy ounce. After last session close,
spot gold and spot silver prices were moving in divergent directions. Spot gold
price per gram was moving higher by .23 at 53.48 and spot gold price per kilo
was higher by 231.16 at 53479.23. Spot silver price per kilo was higher by 35.37
at 1231.95 and spot silver price per ounce was higher by 1.10 at 38.32. Camillo
Zucari
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