Gold and silver contract finished the last week in the green. The dollar
weakened and the euro finally made some gains. This action allowed global
investors to increase positions with precious metal gold and silver. Both
contract prices closed on the positive side of break-even on the last trading
session of the week. Contract gold closed higher by 24.30 at 1601.50 per troy
ounce. Contract silver finished the day higher by .46 at 29.73 per troy ounce.
The days range for gold was from 1572.10 to 1603.50. Gold price trends remain
negative over the course of the last several weeks however. One month change
analysis reveals that price trend-line movement for gold is negative by
approximately 10.37 percent. The five day trend analysis is negative for gold as
well. Gold price started the trading week at approximately 1695 per troy ounce
and finished almost 100 dollars lower. This week was not positive for gold
overall. Silvers one month change analysis is negative as well. Silver price
trend-line is negative by approximately 14.47 percent during this time frame.
Analysis of the 5 day price-line trend is negative as well. Silver opened the
week at approximately 31.75 per troy ounce and closed the week lower at 29.73. A
negative week overall for silver as well. Spot gold per gram was higher at 51.39
and apot silver per ounce was higher by .48 at 29.71. Camillo Zucari
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