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dow2664 Precious metal investors continue to wait for the floor. Precious metal prices have been undergoing a process of correction as of late and metal investors hope to see commodities rebound during the month of October. Even though September was generally a negatively skewed month for stocks, the safe haven appeal of precious metal gold was held at bay. Many think that both precious metal gold and silver were previously overinflated and that the corrections were inevitable. Corrections occurred throughout the month of September and many are hoping the safe haven appeal that gold and silver commonly retain will rebound in October. If this happens, it could be a big month for the precious yellow metal in October. Economic worries in October will continue. These worries pertain to the ongoing debt crisis in Greece and Europe. Negative manufacturing data stemming from China’s market could weigh heavily on market action in October as well. The upcoming jobs and unemployment report posting this Friday will play out big in the hearts and minds of investors. All of these variables could support safe haven acquisitions. As it stands, spot gold and spot silver prices are mixed. Spot gold price per gram was higher by .19 at 52.13 and spot silver price per ounce was lower by .57 at 29.90. Gold contract finished the last session green by .29 percent at 1622 per troy ounce and silver finished lower by .43 percent at 30.39 per troy ounce. Camillo Zucari
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