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dow2664 Precious metal gold and silver contract prices dropped back below break-even during the initial half of the last trading session. Gold prices and silver prices have been dropping over the past several weeks and these negative trends continued last session. Stock indices were losing steam as well however as investors were feeling more anxious about the sovereign debt issues stemming from the eurozone marketplace. Investors are worried that European leaders would not take action quickly enough to avoid defaults. Most assumed that the safe haven appeal of precious metal gold will grow in this climate. As the final numbers came together for the end of day close, precious metals gold and silver were in the red again. The three primary stock indices in the U.S. were red as well. The Dow Jones closed out the last session lower by 179.79 at 11,010.90. The dollar lost strength versus the euro and the Japanese yen. Contract gold for December delivery closed out the last session red by 2.08 percent at 1618.10 per troy ounce. December delivery silver moved lower by 4.45 percent at 30.13 per troy ounce. Spot gold and spot silver prices moved below break-even as well. During the interval after last session close but prior to today’s open, spot gold price per gram was lower by 1.90 percent and spot silver price per ounce was lower by 1.96 at 29.53. Camillo Zucari
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