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dow2664 Stocks sunk lower once again today. It has been a choppy roller coaster ride this week in the marketplace as trends have traveled through peaks and valleys. Stocks were on the mend yesterday after the Feds announced news that they would keep interest rates at relative lows through 2013. The major indices responded positively and investors on Wall Street breathed a sigh of relief. The DJIA dropped over 600 points on Monday only to rebound by over 400 yesterday. Today, negative trending has taken hold once again. Investor worries relate primarily to the recent credit downgrade the U.S. received as well as the continuation of debt problems in Europe. Today, the Dow dropped significantly again and at one point was off by almost 500 points. Yesterday seems more like an anomaly at this point. The central bank’s assessment of the U.S. economic recovery is that it will remain slow for the next couple years. The negative action today is the processing of this information in tangible form. Gold however is pushing to all time highs. Gold prices surpassed 1800 dollars per troy ounce today as the safe haven metal is attracting tons of attention lately. As close approached for the day, the DJIA was off by over 325 points and gold was climbing the ladder. Gold contract for December delivery was higher by 2.60 percent at 1788.30 per troy ounce. Spot gold price per gram was higher by 1.23 at 57.17 and spot silver price per ounce was higher by 1.38 at 39.26. Camillo Zucari
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