Gold Price Silver Price Market Review: The market indices posted choppy trends
during the initial half of the last trading week as global and home based
economic data in the U.S. was mixed. Stock indicators ran mixed for the majority
of the week, but swung higher in significant fashion on the last trading session
of the week due primarily to the positively skewed jobs data which posted. Gold
and silver price per ounce trend-lines dropped lower in noteworthy fashion
during the last session, but ended the week discrepant by approximately 6 tenths
on opposite sides of break-even. Gold price trend-line finished the week on the
positive side of break-even by approximately .5 percent. Silver price trend-line
finished the last week overall lower by approximately .1 percent. The better
than expected jobs data, paired with the Feds reiteration to support the U.S.
economy in the future if need via QE3, reduced safe haven interest appetite. One
month change analysis for precious metal gold and silver price trends: Gold and
silver price trends are distinctly positive over the course of the last several
weeks overall. Gold contract price trend-line is positive by approximately 6.9
percent according to one month change analysis. Silver contract price trend-line
is currently positive by approximately 15.7 percent according to one month
change analysis. Recent gold price closed at 1740.30 per troy ounce and silver
contract closed at 33.75 per troy ounce. Camillo Zucari
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