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dow2664 Gold price per ounce and silver price per ounce closed out with floor prices on the positive side of break-even last session. The safe haven appeal of the two precious metals remained attractive to global investors as the debt crisis continues to play out globally. In addition to the negatively skewed debt crisis developments, the GDP report in the U.S. posted weaker than expected yesterday in the U.S. These actions pushed investors to side with safe havens through the last trading day. Today, gold and silver price trends have fallen back. Prior to opening bell this morning, spot gold price per gram trend-lines and spot silver price per ounce trend-lines moved negatively. Manufacturing is down according to the HSBC PMI report out of China. Weaker manufacturing data stemming from a large consumer of metals means weaker trends for precious metal gold and silver. As the trading session in the U.S. reached the mid-day mark, gold and silver contract rates were dropping lower. Contract gold for December delivery was negative at this point by 1.26 percent at 1681 per troy ounce. Silver contract for December delivery was lower by 4.40 percent at 31.50 per troy ounce. Spot gold per gram was lower by .53 at 54.20 and spot silver per ounce was lower by 1.36 at 31.59 at this point in the session. Camillo Zucari
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