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dow2664 Gold and silver price per ounce rates finished on opposite sides of break-even during the last trading session. Contract gold for December delivery was in the red and contract Silver for December delivery was in the green. After last session close, both spot gold price per gram and spot silver price per ounce rates were trending in negative territory. This morning, prior to opening bell, trend lines were moving in similar directions. both spot gold per gram and spot silver per ounce were still moving in a negative direction. The global stock market was struggling this morning however. Stock indices in the U.S. fell off yesterday after news spread that the Feds would not be initiating QE3 at this time. This morning, it was evident that this news was affecting the global marketplace in a negative way. The primary indices in Asia finished the day with losses, Europe’s primary stock indices started their respective sessions with losses and stock futures in the U.S. were positioned for the lower open today as well. Up to this point in the session, The Dow has lost over 300 points. The environment is setting up as one in which safe haven appeal could grow. To some surprise, contract gold and silver prices continued to trend in the red as today’s trading session reached the halfway mark. Gold contract for December delivery was lower by 4.04 percent at 1735 per troy ounce. Silver contract for December delivery was lower by 9.26 percent at 36.72 per troy ounce. Spot gold and spot silver trends were also negative at this point in the session. Spot gold price per gram was red by 2.28 at 55.78. Spot silver price per ounce was red by 3.70 at 36.72 per troy ounce. Camillo Zucari
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