Various stock market pressures should continue to help push precious metal gold
prices in a positive direction. Gold and silver contracts closed out the last
trading session in the U.S. green as investors began to position less with
riskier stock options and more with safe havens. Stocks ended in the red last
week and the negative ramifications pertaining to the weaker than expected jobs
data will continue to plague the stock market today. In addition, the recent
sell off in Europe due to sovereign debt worries will also overflow into the
U.S. trading session today. Global investors are now worried that the debt
crisis in Greece will overflow and negatively affect other larger nations
nearby. Safe havens like gold will climb higher as investors on Wall Street
further ponder the potential for another recession here in the U.S. As the
trading session reached the mid-day mark, the primary stock indices in the U.S.
were all posting red. The Dow Jones was lower at this point by 215 points at
11,025.21. Contract gold for December delivery was still green at this pint by
1.60 percent at 1907 per troy ounce. Spot gold and spot silver were posting red
at this point however. Spot gold price per gram was red by .10 at 60.14 and spot
silver price per ounce was red by 1.19 at 41.83. Camillo Zucari
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