Gold and silver moved positively during the month of October and were able to
push price trends above the break-even point for the month. Gold and silver
price trends regained their shimmer as they climbed the ladder in throughout
October. The safe haven appeal attracted investor attention throughout the month
as investors worried about the ongoing economic crisis in the eurozone. Prior to
opening bell today however, gold and silver trend-line movement was posting in
the red. Spot gold price per gram was trending below break-even as was spot
silver price per ounce trend-line movement. It appears that the win streak for
precious metal gold and silver could be in jeopardy. As the trading session
reached the mid-day mark in the U.S., the primary stock indices were red across
the board. Contract gold for December delivery was posting lower by 1.34 percent
at 1723.80 per troy ounce. Contract Silver for December delivery was posting
lower by 2.40 percent at 34.44 per troy ounce according to electronic pricing.
Spot gold price per gram was posting lower by .74 at 55.43 and spot Silver price
per ounce was posting lower by .93 at 34.36. Camillo Zucari
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