Gold and silver price movement was positive over the course of the last month
as a whole, but price rate trends dipped as November opened. The last day of
trends in October were weak for precious metal gold and silver and this negative
action carried through into the opening day of November. The dollar recently
surged higher versus a basket of other currencies. This action placed negative
pressure on precious metal gold and silver acquisition for the majority. Through
the majority of the last trading session, gold and silver trend-lines continued
to move on the negative side of break-even. As the session closed, the primary
stock composites in the U.S. were posting red across the board. The dollar was
higher once again versus the euro and other primary currencies. Gold contract
for De3cember delivery finished the session lower by .78 percent at 1711.80 per
troy ounce. Silver for December delivery finished the session lower by 4.72
percent at 32.73 per troy ounce. After session close and prior to opening bell
today, spot gold and spot silver price trends were mixed. Spot gold price per
gram was higher at this point by .05 at 55.51 and spot silver price per ounce
was lower by .87 at 33.48. Camillo Zucari
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