Precious metal and Stock Market Review: Market trend-lines fluctuated during
the opening day of trading this week as investors waited to observe reported
earnings data. Pressure continued to stem from the eurozone. The dollar dropped
back however versus the euro, the British pound, and the Japanese yen. This
action helped to support precious metal gold and silver positioning. Gold price
trend-lines did not benefit as a result. Ultimately, the primary stock index
composites finished the day green across the board. Gold and silver price close
values were mixed. Gold closed red and silver closed in the green. Gold Price
and Silver Price Close Results: Contract gold for February delivery finished the
day lower overall by .54 percent and closed out at 1608.10 per troy ounce.
Silver contract for March delivery finished the day stronger by .35 percent at
28.78 per troy ounce. Spot gold price per gram spot silver price per ounce:
After last session close and prior to today;s session open, spot gold and spot
silver trend-lines were moving in divergent directions. Spot gold price per gram
was red by .14 at 51.84 and spot silver price per ounce was green by 9.56 at
931.74. Gold Stock: Gold share value held for some even though the precious
yellow metal experienced a moderate sell-off during the opening trading session
this week. Market Vectors Gold Miners ETF finished the day in the green. GDX
closed out the last session higher by .56 percent at 53.65. Previous close for
GDX was 53.35. Camillo Zucari
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