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dow2664 Gold and silver contracts closed out the last trading session lower overall as precious metal shares retreated last session. Investor fears relevant to the ongoing debt resolution crisis in Greece pressured markets and a broad based sell-off ensued. Precious metal gold and silver price trends suffered as a result. The sell-offs resulted in December contract gold closing out the last session lower by .51 percent or negative 9.00 at 1756.10 per troy ounce. Silver contract for December delivery finished the session red as well by 1.20 percent or negative .414 to close at 34.08 per troy ounce. More important though in the gold and silver market are the trends over the last several weeks. These trends are decisively positive. The troubles stemming from the eurozone ultimately set the stage for investor uncertainty. The fear of a potential debt default and European recession reverberate on a global scale. The euro has been volatile during the turmoil and investors are rethinking positions. The instability in the euro is likely to motivate some to reposition with gold. The safe haven appeal of precious metal gold and silver have helped trends stay positive over the course of the past several weeks. As Greece continues to work out its problems, investors will continue to seek out safe havens. Precious metal commodities should continue to attract attention in the current market environment. Camillo Zucari
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