Metals and miners were weak sectors during the last trading session in the U.S.
Gold and silver contract prices closed out the last trading session of the day
on opposite sides of break-even. Gold contract finished red, and silver contract
closed out in the green. Officially, gold contract for December delivery closed
out lower by .59 percent or negative 9.80 at 1661 per troy ounce. Silver
contract for December delivery closed out the last session higher by .06 percent
at 32 per troy ounce. After session close, analysis of spot gold and spot silver
prices revealed that both precious metal prices were trending in the red. Spot
gold price per gram was red by .18 at 53.53. Spot silver price per ounce was red
by .07 at 31.91. Overall, both metals continue to struggle. One month change of
price trends is negative for both metals. One month change status for gold price
is negative by 8.59 percent. One month change status for silver is negative by
almost 21 percent. The latter half of September was especially challenging for
precious metal silver as it dropped off by approximately 10 dollars per ounce.
Gold stocks experienced negative action during the last session due, in part, to
a noteworthy sell-off of gold bullion. Market Vectors Gold Miners ETF closed out
the last session in the green according to Google Finance. GDX closed out the
day higher by .12 percent or positive .07 to close at 56.91. Previous close for
Market Vectors Gold Miners ETf was 56.84. Camillo Zucari
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