Gold and silver contracts are moving in positive territory today. Gold price
per ounce moved higher as did silver price per ounce. The DJI was falling into
the red today just one day after finding green to close out the last trading
session. The major stock index composites were posting negative as the halfway
point in the trading session approached this day. Negative pressure was being
applied to stocks as economic posts in the U.S. continue to skew negative. In
addition to worries in the U.S., global concerns are causing apprehensions to
arise in the minds of investors. The eurozone debt problems are attracting more
attention and applying negative pressure to the major stock indices. As stocks
sell off and drop lower, safe havens are increasing in popularity. This was
evident in the marketplace today as contract gold and silver moved higher. Spot
gold and spot silver prices moved in a positive direction today as well. As
mid-day neared, contract gold for December delivery was posting positive by
14.30 at 1680 per troy ounce. Contract silver was posting positive by .23 at
41.99 per troy ounce. Spot gold price per gram was green by .49 at 53.97 and
spot gold price per kilo was green by 489.33 at 53968.89. Spot silver price per
kilo was higher by 9.42 at 1351.62 and spot silver price per ounce was higher by
.29 at 42.04. Camillo Zucari
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