Both gold and silver price trend-lines moved in a positive direction during the
last trading session. This was a welcomed change, especially for precious metal
gold. Although both contracts are posting negative trend-line action over the
course of the past month, gold is posting exceptionally negative movement. Just
several months back, gold was posting above the 1900 price per ounce mark, but
has consistently dropped lower since that point. The eurozone debt crisis is
plaguing the precious yellow metal. The euro has been weaker and this debt
crisis outcome is diminishing the bottom line for gold and silver acquisitions.
Yesterday however, the dollar dropped lower versus the euro, British pound and
Japanese yen. The weaker dollar resulted in an increase in gold and silver
positioning. Gold and silver rallied during the second trading session of the
week. As the trading day came to a close, the primary stock indices were green
across the board as were close prices for precious metal gold and silver. Gold
contract finished the last session higher by 1.31 percent at 1617.60 per troy
ounce. Silver contract for March delivery finished the session higher by 2.29
percent at 29.54 per troy ounce. After last session close and prior to todays
opening bell, spot gold and spot silver price trend-lines moved positively. Spot
gold price per gram was higher by .90 at 52.24 and spot silver price per ounce
trends moved higher by .72 at 29.59. Camillo Zucari
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