Gold Silver Market News: The dollar rose once again during the last trading
session versus a basket of other currencies. The dollar gained strength versus
the euro and this action continued to pressure precious metal gold positioning.
No clear end of the eurozone debt crisis is in sight and pressures stemming from
the crisis should continue to affect market trends. Market volatility will
continue to keep investors guessing. Gold and silver both finished red last
session Gold Silver Price Close: Gold contract for February delivery closed the
last trading session on the negative side of break-even by .20 percent at
1616.80 per troy ounce. Gold price trend-line has sloped negatively over the
course of the last several weeks. One month change for gold price trend-line is
negative by about 6.19 percent at this point in time. Silver contract for March
delivery closed out in the red by 2.09 percent at 28.68 per troy ounce. Silver
price trend-line has been negative over the course of the last several weeks.
One month change analysis for silver is negative by 11.29 percent at this point
in time. Gold Silver Index: The Philadelphia gold and silver index XAU dropped
back again last session by about .8 percent to 187.47. Goldcorp GG fell back by
2.0 percent last session as well. Camillo Zucari
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