Gold and silver contract price per ounce rates finished the last trading
session on opposite sides of break-even. Gold contract for December deliver
closed out lower by .50 at 1747.20 per troy ounce. Silver contract finished
higher overall by .18 to close out at 35.29 per troy ounce. Just as the week was
positive overall for the primary stock composites in the U.S., both precious
metal gold and silver contracts closed out higher overall for the week. Gold and
silver have been in rally mode. Gold closed the past week higher overall by
about 7 percent and silver finished the week better by about 13 percent overall.
The one month change status for gold price still slopes positively by 5.71
percent. The one month change status for silver is still positive by 14.9
percent. The dollar dropped weaker to the euro last week and this helped fuel
the precious metal rally. Year-to-Date change for precious metal gold is
positive by approximately 28 percent. YTD change for precious metal silver is
positive by approximately 43 percent. Overall, trends have been relatively
positive for precious metal silver and gold price trends. Safe haven appeal of
precious metal gold and silver appears to be on the rise as well. Camillo Zucari
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