As the trading session approached final close in the U.S. today, precious
metals gold and silver were still moving in negative territory. Investors were
not positioning with the safe havens in the midst of the post hurricane rally
that the stock market was experiencing. The primary stock index composites were
moving in positive territory just prior to official close today. The Dow Jones
Industrial Average was green by 2.07 percent or 247.97 points at 11,533. The
Nasdaq was green by 3.18 percent or 78.8 points at 2,559 and the S&P 500 was
green by 2.71 percent at 1,209 just prior to official close. It appears that the
positive stock momentum that built last week carried through the stormy weekend
and helped push indices higher today. The dollar dropped lower to the euro and
British pound today, but gold and silver contracts were moving in the red. Just
prior to close in the U.S., gold contract for December delivery was lower by .32
percent at 1791.60 per troy ounce. Silver contract was lower by .99 percent at
40.55 per troy ounce. Spot gold and spot silver prices were also moving in the
red at this point. Spot gold price per gram was lower by .34 at 57.34 and spot
silver per ounce was red by .26 at 40.69. Camillo Zucari
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