Gold and silver prices have been plagued by a volatile European marketplace and
the weakening euro. The euro continued to fall back this week as the dollar
strengthened versus global currencies. This action applied negative pressure to
precious metal gold and silver acquisitions. Both gold and silver price trends
are negative over the course of the last several weeks. One month change
analysis for gold reveals a negative change of 11.3 percent. One month change
analysis for silver reveals a negative change of 15.06 percent. The eurozone
marketplace is strained and the euro is weak. The economic environment has not
been supporting gold and silver acquisitions. As the last session closed, gold
closed in the red and silver closed in the green. Contract gold for February
ended the last session negative by .61 percent at a floor price of 1577.20 per
troy ounce. Silver contract for March delivery finished the day higher by 1.17
percent at 29.27 per troy ounce. After last session close, both post gold and
spot silver price trends moved positively. Spot gold price per gram was higher
by .02 at 50.96 and spot silver price per ounce was higher by .52 at 29.40.
Camillo Zucari
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