Gold and silver trends continued to track in the red through the majority of
the last trading session. December contract gold prices, as well as December
contract Silver prices were posting in the red through the first half of the
trading session and did not recover. Spot gold price per gram and spot silver
price per ounce were in negative territory at this point as well. Gold and
silver price slope was decisively negative last week and it appears that this
negative momentum carried through the weekend to affect price trends to open the
week. As the opening trading session approached end of day close, gold and
silver prices were still being held below break-even for the day. Officially,
contract gold for December delivery closed out the trading session negative by
2.74 percent at 1594.80 per troy ounce. Contract silver for December delivery
finished the first trading session of this week negative by .42 percent at 29.98
per troy ounce. Both gold and silver continue to post a negative trend line
according to one month change tracking. The one month change status for gold is
negative by 12.88 percent. The one month change status for silver is negative by
25/79 percent. Prior to opening bell this morning, spot gold was still trending
red. Spot gold per gram was lower by .26 at 52.39. Camillo Zucari
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