The primary stock indicators surged in the U.S. during the latter half of this
week and precious metals gold and silver climbed the ladder as well. Both gold
and silver have recently rallied higher in the midst of the positive sentiment
being felt worldwide regarding the European debt deal. This morning though,
prior to opening bell for the last trading session of the week, the primary
stock indices in the U.S. were posting red. Stock indices in the U.S. were still
red at the halfway point in the trading session today. Some investors appear to
be a bit more worried about the details of the eurozone debt bailout action
plan. This worry could result in precious metal gold and silver receiving
additional safe haven attention. Prior to opening bell this morning, spot gold
price per ounce trends and spot silver price per ounce trends were mixed. Gold
per gram price movement pushed into negative territory, but silver price per
ounce trend line movement was still on the positive side of breakeven. As the
last trading session of the week reached the mid-day mark, both gold and silver
contracts were posting lower. Gold contract for December delivery was red by .11
percent at 1745.70 per troy ounce. December delivery Silver was red by .03
percent at 35.10 per troy ounce. Spot gold per gram and spot silver per ounce
price trends were lower at this point as well. Spot gold price per gram was
lower by .33 at 55.86 and spot silver price per ounce was lower by .19 at 34.92.
Camillo Zucari
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