The major market index composites fell off in a significant fashion during the
last trading session. Gold prices went up as stocks suffered. The last session
was so negative for stocks that the performance erased any thought of gains for
the week overall. Gold stocks performed better than most other stock sectors
during the month of August and as the second day of trending closed out for
September, precious metal gold was posting in the green. Gold contract for
December delivery was higher by 2.61 percent or 47.80 at 1876.90 per troy ounce.
Silver contract for December delivery was higher by 3.70 percent or 1.537 at
43.07 per troy ounce. The safe haven appeal of gold and silver won over
investors as economic reports skewed negative to close out the trading week. The
Dow Jones finished red by to close out the day lower at 11,240.26. Spot gold and
spot silver were also trending higher after session close. Spot gold prices per
gram was green by 1.81 at 60.52 and spot silver per ounce was green by 1.72 at
43.21. Both gold and silver prices are still positive for their one month change
status at this point. Camillo Zucari
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