Trend-line tracking for precious metal gold and silver prices has revealed a
negative slope on average over the last several weeks. One month change for both
gold and silver price trend-lines is negative overall and the negative close
values continue to accumulate. Both gold and silver contracts finished the last
session on the negative side of break-even once again. Gold price per ounce for
February delivery closed out the last session lower by .25 percent or negative
4.00 at 1613.60 per troy ounce. Silver contract for March delivery finished off
the last session lower by .97 percent or negative .29 at 29.25 per troy ounce.
Spot gold price per gram and kilo price trend-lines continued to track
negatively during the early portion of today. Spot gold price per gram was
posting red by .11 at 51.77 and spot gold price per kilo was tracking negatively
by 111.24 at 51767.20. GoldCorp and Harmony Gold posted weakened results last
session as well. According to MSN Money Stock Quotes, GG finished the last
session lower at 44.91 and HMY closed lower at 12.01. Gold price and gold stocks
are feeling the pressure in the current market environment. Camillo Zucari
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