Gold and silver prices moved below break-even again last session. Gold price
per ounce was lower by 14.10 at 1668.50 per troy ounce. Silver price per ounce
rates had dropped lower as well by 1.122 to close out at 31.67 per troy ounce.
Gold and silver price trends are still decisively negative over the course of
the last 30 days. The dollar index has been gaining strength during this time
and this action has placed negative pressure on gold acquisition behavior. Data
this morning indicated stronger trending may be in store for precious metal gold
and silver today. Trends for spot gold and spot silver were posting in the green
prior to opening bell in the U.S. this morning. The primary stock indicators in
Europe and the U.S. were also posting on the positive side of break-even. Safe
haven appeal could be minimal during todays trading session. As the trading
session reached the halfway point in the U.S., gold and silver contract prices
were posting green. The primary stock indices in the U.S. were also green. The
Dow Jones Industrial Average was higher by .67 percent at 11,555.56. December
contract gold was higher by .15 percent at 1671 per troy ounce. Silver contract
for December delivery was higher by .28 percent at 31.76 per troy ounce
according to electronic price tracking. Spot gold price per gram was higher by
.14 at 53.78 at this point. Spot silver price per ounce was higher by .15 at
31.82 at mid-day today. Camillo Zucari
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