Precious metal gold price rallied alongside silver price during the last
session. Gold and silver contracts both finished on the positive side of
break-even for the day. It has been an up and down week so far in the
marketplace and the hypersensitivity is likely to continue throughout the rest
of December. Trading volume has been below average this week and is expected to
remain that way during the holiday season time. As a result, index trends will
be more vulnerable and fluctuate. Although the positive close for Gold was a
pleasant surprise, the one month change for gold price is sill negative by over
5 percent. Silver is in a similar position. Silver is still negative by just
over 3.4 percent according to one month change analysis. Spot gold and spot
silver price tracking prior to opening bell this morning revealed that trends
were still sloped positively for precious metal gold and silver pricing. As the
trading session reached the mid-day mark today, gold and silver contracts were
posting red. Electronic price posts for both gold and silver was negative. Gold
contract was posting red by. 15 percent at 1615.20 per troy ounce according to
electronic tracking. Silver contract was negative by. 44 percent at 29.40 per
troy ounce according to electronic price post. Camillo Zucari
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