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dow2664 Gold and silver prices dropped lower during the last trading session. A big rally on Wall Street helped stocks rebound with some significance and this attracted attention away from gold and silver safe haven investments. The boosts of confidence in the marketplace yesterday were contagious and stock index trends climbed up the ladder at a steady and consistent pace. The Dow Jones surged over 400 points to close out the last trading session. Gold and silver sold off but gold hit an intraday high yesterday before falling back. Gold prices moved as high as 1817.60 an ounce but prices ultimately settled lower Thursday. Gold contract for December delivery moved lower by 1.84 percent or 32.80 to close at 1751.50 per troy ounce. Silver contract for September delivery moved lower by 1.67 percent or .65 to close out at 38.67 per troy ounce. After session close but prior to today’s opening bell, spot gold per gram was trending green by .54 at 56.77 and spot silver per ounce was green by .12 at 38.78. Gold and silver are likely to hold onto some safe haven appeal as the week closes out. The DJIA moved dramatically up and down this week and thus uncertainty still plagues many investors. Safe havens are likely the direction they will turn when volatility resumes. Camillo Zucari
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