Stocks have been in sell off mode today as investor anxieties spike. Precious
metals like gold and silver are benefiting from the increased worry that is
spreading throughout the marketplace today. After opening bell this morning,
stock indices plummeted. They fell off of a cliff and haven not been able to
find a catalyst for recovery. The jobs data that posted this day was much weaker
than expected. Fewer jobs were added in July than were expected and the
unemployment rate remained the same at 9.1 percent. The stock sell off was
initiated and investors are now positioning more with safe havens like precious
metal gold and silver. As the mid-day point in the trading session approached,
the Dow Jones Industrial Average was lower by 1.56 percent at 11,314.77. Gold
and silver prices were moving in positive territory. Gold contract for December
delivery was higher by 2.24 percent at 1870 per troy ounce. Spot gold and spot
silver were green at this point as well. Spot gold price per gram was higher by
1.55 at 60.26 and spot gold price per ounce was higher by 1.45 at 42.94 per troy
ounce. Camillo Zucari
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