A one month overview of gold prices reveals that the precious metals value has
dropped by almost 10 percent over the course of that time. The safe haven appeal
of gold has been minimal over the last thirty days but contract gold for
December delivery closed in the green as of the last U.S. trading session close.
Contract gold for December delivery closed out higher by 1.22 percent or 20.00
at 1635.80 per troy ounce. After last session close, spot gold price per gram
was trending negative. Spot gold price per gram was negative by .50 at 52.65.
Silver prices have dropped over the course of the last thirty days as well.
Silvers value over this time dropped by 25.10 percent and the precious metal
closed out the last trading session red. Contract silver for December delivery
closed out lower by 3.16 percent or negative 1.012 to finish at 30.99 per troy
ounce. Spot silver price per ounce was running red after last session close as
well. Spot silver per ounce trends were negative by .87 at 31.14. A notable
miner decliner was AngloGold Ashanti and a noteworthy silver streaming
corporation, Silver Wheaton, dropped value last session as well. According to
MSN money stock quotes, both AU and SLW dropped into the red. AU dropped lower
last session by 2.68 percent or negative 1.11. Previous close for AngloGold was
41.67 and last session close was 40.36. Silver Wheaton dropped lower on the day
by 3.34 percent or negative 1.04 to close out at 30.08. Previous close for SLW
was 31.12. Overall, sales growth and income growth for Silver Wheaton remain
positive. Although Anglogold finished red last session, it retains positive
numbers relevant to sales growth and income growth as well at this point in the
year. Camillo Zucari
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