Fear and uncertainty surrounding the eurozone debt crisis continues to plague
markets. The primary stock indices were pressured lower last week globally and
gold and silver rates followed. The dollar index moved up and the dollar
strengthened versus a basket of other global currencies. The euro dropped lower
to the U.S. dollar once again and this action applied negative pressure to gold
and silver acquisitions. Ultimately, gold and silver have dropped lower over the
course of the last several weeks. As of the last trading session, gold and
silver contracts finished the day on opposite planes. Gold contract closed the
day lower overall and silver contract finished the day in the green. Gold
contract for December delivery finished the day red by negative 12.20 at 1685.70
per troy ounce. Silver contract for December delivery finished the last session
green by positive .32 at 31.01 per troy ounce. After last session close and
prior to todays session open, spot gold and spot silver price trends continued
to move in similar directions. Spot gold price per gram was lower by .18 at
54.02. Spot silver price per ounce was higher by .07 at 31.08. Precious metal
gold is positioned to open this trading week lower once again. Camillo Zucari
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