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dow2664 Gold and silver contracts continue to feel the negative pressure of a deflationary marketplace. Even though the economic reports have skewed negative lately, the safe haven appeal of precious metal commodities like gold and silver has attracted little attention. Both gold and silver are tracking decisively negative over the past 30 days. Both gold and silver contracts for December delivery closed out the last trading session red and were decisively negative for the week overall. Prior to opening bell this morning, spot gold and spot silver continued to track in the red. The turmoil in the marketplace right now is not enough to push investors towards the precious yellow metal. Last Friday saw the biggest one day drop in gold prices since the 1980′s. Silver contract was in the same boat last Friday and saw noteworthy drop-offs in trending as well. As the trading session reached the halfway point in the U.S. today, precious metals gold and silver continue to trend in the red. Electronic price for contract silver is red by .14 percent at 30.06 per troy ounce. Electronic price for December contract gold is red by 1.42 percent at 1616.50 per troy ounce. Spot gold and spot silver were negative at this point too. Spot gold price per gram was red by 1.12 at 51.53 and spot silver price per ounce was red by .35 at 29.71. Camillo Zucari
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