Although gold rates and silver rates have been moving more on the negative side
of break-even lately, spot gold price per gram rate trends, as well as spot
silver price per ounce rate trends, were posting on the positive side of
break-even prior to opening bell in the U.S. today. Spot gold rate per gram was
posting higher by .34 at 52.20. Spot silver price per ounce rate was posting
higher by .40 at 30.68. Gold and silver price rates continue to feel pressure
from the up and down economic data that has been posting lately. In addition,
the economic data remains vulnerable due to the inconsistent global market
trends which are afflicted by the ongoing debt resolution process in the
eurozone. Ultimately, the economic uncertainty has pushed gold and silver price
rates lower overall. Many investors feel the correction were inevitable for the
overinflated metal prices. The lower price trends are now pushing many to
reconsider the precious metals. Gold shares are much cheaper now and global
investors wonder if now is the time to buy. The sell-offs have opened the door
of opportunity for many investors that see the lower prices as a significant
buying opportunity. One of the worlds largest gold miners etf is attracting more
attention. After hours trades, according to yahoo finance, show positive action
for the etf. Market Vectors Gold Miners last trade posted at 53.13 and after
hours posts at 53.55. Current live gold price posts up by .17 percent at 1623.56
per troy ounce. Camillo Zucari
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