Gold and silver contract finished on the positive side of break-even last
session. Contract gold for December delivery finished last session with a floor
price higher by 3.80 at 1782.20 per troy ounce. Contract Silver for December
delivery was higher by .43 at 34.46 per troy ounce. Gold and silver price per
ounce trend-line movement has been positive over the course of the last several
weeks. This morning, prior to opening bell, the primary stock indicators in the
U.S. were posting red across the board. The Dow Jones Average, as well as the
Nasdaq and S&P 500 futures were positioned on the negative side of break-even.
Primary indicators in the Asian and European marketplace were weaker today and
investor uncertainty remains tangible. This uncertainty is supporting safe haven
acquisitions. Precious metal gold and silver contracts are benefiting as a
result. As the trading session reached the mid-day mark today, the primary stock
indices in the U.S. were still trending through negative territory but gold
contract for December delivery was posting red as well. Contract gold was lower
by .43 percent with an electronic price of 1774.50 per troy ounce. Silver
contract was lower by .76 percent with an electronic price of 34.20 per troy
ounce. Spot gold and spot silver prices were lower at this point in the session
as well. Spot gold price per gram was red by .35 at 56.95 and spot silver price
per ounce was red by .35 at 34.10. Camillo Zucari
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