Although trend-lines for the primary stock indices pushed into the green during
the last trading session, trend-line action for gold and silver contracts was
mostly negative. The dollar gained strength once again last session versus a
handful of other global currencies, including the euro, and this action
pressured gold and silver acquisitions. On a day when trading volume was a
fraction of its average, this was enough to push gold and silver price trends
into negative territory for the day. As of the end of day close, gold and silver
contracts were both in the red. Contract gold for February delivery posted red
by .19 percent at 1610.60 per troy ounce. Silver contract for March delivery
closed out the last session lower by .69 percent at 29.05 per troy ounce. Prior
to opening bell this morning, spot gold and spot silver prices were about
break-even. Spot gold price per gram was posting at 51.88 and spot silver price
per ounce was posting at 29.26. Gold interest was minimal last session as
better-than-expected economic reports posted in the U.S. and reduced overall
interest in the safe haven. This action was even more dramatic due to the lower
trading volume in the marketplace right now. Camillo Zucari
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