Although gold price per ounce rates have been moving below break-even over the
average course of the past month, gold prices rallied last trading session and
finished in the positive side of breakeven. The dollar dropped lower versus the
euro and gold acquisition became more prevalent. Precious metals finished green
across the board. December contract gold closed higher by .54 percent at 1683
per troy ounce. December contract silver closed out higher by 1.60 percent at
32.17 per troy ounce. January contract Platinum closed out higher by 1.47
percent at 1554.90 per troy ounce. December contract silver closed out higher by
2.71 percent at 3.41 per pound. According to yahoo finance, USAA Precious Metals
and Minerals USAGX closed out the last trading session higher by 2.65 percent.
USAGX finished the session higher by 1.04 to close out at 40.29 Previous close
for USAGX was 39.25. SPDR Gold shares closed out the last session in the green
as well according to yahoo finance. SPDR Gold Trust close out higher last
session by .68 percent. SPDR moved up by 1.10 to close out at 163.85. Precious
metal gold had a decent week last week as it gained versus the dollar. It
appears that gold and other precious metals may be extending upward trends
during this upcoming week. Camillo Zucari
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