Stocks were sliding in a negative direction during the opening half of the
trading session today. Gold and silver prices were trending in the red as well
for December contract gold and silver. Stocks posted solid gains last week and
closed out the week on positive ground. The boost of confidence investors felt
last week helped many move away from safe havens. Gold and silver prices have
dropped lower due to this movement. The dollar also gained strength versus the
euro and the British pound. The stronger the dollar, the more expensive it is to
purchase precious metals gold and silver. This was another variable that
negatively affected gold and silver price trends this day. Just after the
mid-day mark of the U.S. trading session, electronic prices for gold and silver
were posting red. Silver contract for December delivery was lower by 3.20
percent at 39.52 per troy ounce. Electronic price for December delivery gold was
red by 1.57 percent at 1786.20 per troy ounce. The one month change status for
gold is negative now by 3.35 percent and the one month change status for silver
is negative by 6.20 percent. Spot gold and spot silver trends were pushing into
the red at this point as well today. Spot gold price per gram was lower by .99
at 57.27 and spot silver price per ounce was red by 1.37 at 39.42. Camillo
Zucari
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