Credit default swap payments could be triggered soon if not enough bondholders
agree to the debt swap now on offer.
Tuesday, March 6, 2012
The Gold Price Dropped 1.9% Today to $1,671.40 and May Fall to Near $1,600
Gold Price Close Today : 1671.40 Change : (31.60) or -1.86% Silver Price Close
Today : 32.741 Change : (0.910) cents or -2.70% Gold Silver Ratio Today : 51.049
Change : 0.441 or 0.87% Silver Gold Ratio Today : 0.01959 Change : -0.000171 or
-0.86% Platinum Price Close Today : 1610.40 Change : -49.60 or -2.99% Palladium
Price Close Today : 670.00 Change : -37.00 or -5.23% S&P 500 : 3,274.10 Change :
-20.97 or -0.64% Dow In GOLD$ : ($1.13) Change : $ (2.49) or -182.29% Dow in
GOLD oz : (0.054) Change : -0.121 or -182.29% Dow in SILVER oz : (2.78) Change :
-6.13 or -183.02% Dow Industrial : (91.00) Change : -203.66 or -180.77% US
Dollar Index : 79.83 Change : 0.529 or 0.67% The GOLD PRICE dropped 1.9% today,
down $31.60 to $1,671.40 on Comex. It was already rolling down the slope in
Europe and had reached $1,685 when the US opened and the selling began in
earnest, taking gold to the day's low at $1,663.40 by 9:30. Gold then recovered
the rest of the day to move sideways between $1,675 and $1,670. Bad news doesn't
stop there. GOLD PRICE dropped out of a flag pattern and fell through its 50 DMA
($1,688.42) and even its 200 DMA ($1,674). The proverb holds that flags always
fly at half staff. If so, gold will fall to near $1,600, and relatively fast.
Let's watch it for a day or two. In European trading the SILVER PRICE broke
below 3350c, but although it suffered through the day, dropping 91c (2.7%) to
close Comex at 3274.1c, it never suffered any big fast drop like gold's. Ohh,
that 3300c barrier will be tough to break through on the way back up. Today
SILVER caught and held at 3245.7c, but when that 3250-ish area give way, silver
will give back another 50c very fast, and could fall to 3065c. Touching the 50%
correction (of the December through March rally) at 3183c is a virtual
certainty. 50 DMA stands at 3224c, and that will offer weak support, but silver
has further to fall. The GOLD/SILVER RATIO has risen sharply since 1 March at
48.331 (remember, the ratio FALLS when metals are rallying, and RISES when
metals are falling.) Today it closed at 51.049. The ratio has broken out to the
upside and if we are ever to hit our 57.5:1 target, it ought to be on this move
up in the ratio. Awww, come on, now! All y'all that wrote yesterday because I
typed "2012" instead of "1558" for the year Francisco Fernandes introduced
smoking tobacco into Europe, y'all already knew that, right? As I was saying
yesterday, "Should the Dow break 12,880 (yesterday's low), wave bye-bye.
Quickly." Did y'all remember to wave? Stocks were in trouble from their
12,958.65 open, dropping like your daddy's borrowed pocketknife down the well.
They caught briefly just above 12,800, then eroded the rest of the day to end at
12,759.15, down 203.66 points or 1.57%. Owch. S&P fell in lock step with the
Dow, down 20.97 or 1.54% to 1,343.36. I may be no more than a natural born fool
from Tennessee, but even I know that when you see one of them wedgey looking
thangs pointing up on the chart, the market's about to hit the skids. I don't
see any support much before 12,250. Might pause a bit at the 50 day moving
average, now 12,678, but the 200 DMA looks the more likely target at 12,012.
BWDIK? The news tells us that stocks fell on apprehensions about the Greek Debt
Deal (y'all remember that?) falling apart. Seems it really ISN'T a done deal
after all, and some bondholders are dodging the barber shop, holding out to
trade a haircut on Greek bonds to full payment from Credit Default Swaps.
Apparently the news has never looked at a stock chart. That US dollar index was
just marking time yesterday, planning to spurt 52.9 basis points today, 0.68%,
to 79.829. 80 lies in its future, and higher, I suspect. Y'all can imagine that
fear about the Greek Debt Deal really helped the euro today, right? It fell a
hefty 0.79% to $1.3112. The euro appears to have resumed its downward course
against the dollar. Yen, on the other hand, rose 0.84% to 123.66c/Y100
(Y80.87/US$1), and appeared to make a spike bottom - again -- and bounced up.
Surely that must be the last of its decline. I have a favor to ask y'all. My
wife Susan is having troubles with her heart again, after she had her mitral
valve repaired in September 2008. I would deeply appreciate your prayers for
her. She's awfully bossy, but we've been married since we were 12, so I'm used
to her. Argentum et aurum comparenda sunt -- -- Gold and silver must be bought.
- Franklin Sanders, The Moneychanger The-MoneyChanger.com © 2012, The
Moneychanger. May not be republished in any form, including electronically,
without our express permission. To avoid confusion, please remember that the
comments above have a very short time horizon. Always invest with the primary
trend. Gold's primary trend is up, targeting at least $3,130.00; silver's
primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend
is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or
US$-denominated assets, primary trend down; real estate bubble has burst,
primary trend down. WARNING AND DISCLAIMER. Be advised and warned: Do NOT use
these commentaries to trade futures contracts. I don't intend them for that or
write them with that short term trading outlook. I write them for long-term
investors in physical metals. Take them as entertainment, but not as a timing
service for futures. NOR do I recommend investing in gold or silver Exchange
Trade Funds (ETFs). Those are NOT physical metal and I fear one day one or
another may go up in smoke. Unless you can breathe smoke, stay away. Call me
paranoid, but the surviving rabbit is wary of traps. NOR do I recommend trading
futures options or other leveraged paper gold and silver products. These are not
for the inexperienced. NOR do I recommend buying gold and silver on margin or
with debt. What DO I recommend? Physical gold and silver coins and bars in your
own hands. One final warning: NEVER insert a 747 Jumbo Jet up your nose.
Today : 32.741 Change : (0.910) cents or -2.70% Gold Silver Ratio Today : 51.049
Change : 0.441 or 0.87% Silver Gold Ratio Today : 0.01959 Change : -0.000171 or
-0.86% Platinum Price Close Today : 1610.40 Change : -49.60 or -2.99% Palladium
Price Close Today : 670.00 Change : -37.00 or -5.23% S&P 500 : 3,274.10 Change :
-20.97 or -0.64% Dow In GOLD$ : ($1.13) Change : $ (2.49) or -182.29% Dow in
GOLD oz : (0.054) Change : -0.121 or -182.29% Dow in SILVER oz : (2.78) Change :
-6.13 or -183.02% Dow Industrial : (91.00) Change : -203.66 or -180.77% US
Dollar Index : 79.83 Change : 0.529 or 0.67% The GOLD PRICE dropped 1.9% today,
down $31.60 to $1,671.40 on Comex. It was already rolling down the slope in
Europe and had reached $1,685 when the US opened and the selling began in
earnest, taking gold to the day's low at $1,663.40 by 9:30. Gold then recovered
the rest of the day to move sideways between $1,675 and $1,670. Bad news doesn't
stop there. GOLD PRICE dropped out of a flag pattern and fell through its 50 DMA
($1,688.42) and even its 200 DMA ($1,674). The proverb holds that flags always
fly at half staff. If so, gold will fall to near $1,600, and relatively fast.
Let's watch it for a day or two. In European trading the SILVER PRICE broke
below 3350c, but although it suffered through the day, dropping 91c (2.7%) to
close Comex at 3274.1c, it never suffered any big fast drop like gold's. Ohh,
that 3300c barrier will be tough to break through on the way back up. Today
SILVER caught and held at 3245.7c, but when that 3250-ish area give way, silver
will give back another 50c very fast, and could fall to 3065c. Touching the 50%
correction (of the December through March rally) at 3183c is a virtual
certainty. 50 DMA stands at 3224c, and that will offer weak support, but silver
has further to fall. The GOLD/SILVER RATIO has risen sharply since 1 March at
48.331 (remember, the ratio FALLS when metals are rallying, and RISES when
metals are falling.) Today it closed at 51.049. The ratio has broken out to the
upside and if we are ever to hit our 57.5:1 target, it ought to be on this move
up in the ratio. Awww, come on, now! All y'all that wrote yesterday because I
typed "2012" instead of "1558" for the year Francisco Fernandes introduced
smoking tobacco into Europe, y'all already knew that, right? As I was saying
yesterday, "Should the Dow break 12,880 (yesterday's low), wave bye-bye.
Quickly." Did y'all remember to wave? Stocks were in trouble from their
12,958.65 open, dropping like your daddy's borrowed pocketknife down the well.
They caught briefly just above 12,800, then eroded the rest of the day to end at
12,759.15, down 203.66 points or 1.57%. Owch. S&P fell in lock step with the
Dow, down 20.97 or 1.54% to 1,343.36. I may be no more than a natural born fool
from Tennessee, but even I know that when you see one of them wedgey looking
thangs pointing up on the chart, the market's about to hit the skids. I don't
see any support much before 12,250. Might pause a bit at the 50 day moving
average, now 12,678, but the 200 DMA looks the more likely target at 12,012.
BWDIK? The news tells us that stocks fell on apprehensions about the Greek Debt
Deal (y'all remember that?) falling apart. Seems it really ISN'T a done deal
after all, and some bondholders are dodging the barber shop, holding out to
trade a haircut on Greek bonds to full payment from Credit Default Swaps.
Apparently the news has never looked at a stock chart. That US dollar index was
just marking time yesterday, planning to spurt 52.9 basis points today, 0.68%,
to 79.829. 80 lies in its future, and higher, I suspect. Y'all can imagine that
fear about the Greek Debt Deal really helped the euro today, right? It fell a
hefty 0.79% to $1.3112. The euro appears to have resumed its downward course
against the dollar. Yen, on the other hand, rose 0.84% to 123.66c/Y100
(Y80.87/US$1), and appeared to make a spike bottom - again -- and bounced up.
Surely that must be the last of its decline. I have a favor to ask y'all. My
wife Susan is having troubles with her heart again, after she had her mitral
valve repaired in September 2008. I would deeply appreciate your prayers for
her. She's awfully bossy, but we've been married since we were 12, so I'm used
to her. Argentum et aurum comparenda sunt -- -- Gold and silver must be bought.
- Franklin Sanders, The Moneychanger The-MoneyChanger.com © 2012, The
Moneychanger. May not be republished in any form, including electronically,
without our express permission. To avoid confusion, please remember that the
comments above have a very short time horizon. Always invest with the primary
trend. Gold's primary trend is up, targeting at least $3,130.00; silver's
primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend
is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or
US$-denominated assets, primary trend down; real estate bubble has burst,
primary trend down. WARNING AND DISCLAIMER. Be advised and warned: Do NOT use
these commentaries to trade futures contracts. I don't intend them for that or
write them with that short term trading outlook. I write them for long-term
investors in physical metals. Take them as entertainment, but not as a timing
service for futures. NOR do I recommend investing in gold or silver Exchange
Trade Funds (ETFs). Those are NOT physical metal and I fear one day one or
another may go up in smoke. Unless you can breathe smoke, stay away. Call me
paranoid, but the surviving rabbit is wary of traps. NOR do I recommend trading
futures options or other leveraged paper gold and silver products. These are not
for the inexperienced. NOR do I recommend buying gold and silver on margin or
with debt. What DO I recommend? Physical gold and silver coins and bars in your
own hands. One final warning: NEVER insert a 747 Jumbo Jet up your nose.
3 Outperforming Dow Stocks With High Put/Call Ratios
Put traders have been notably active on these rallying stocks. Is that a sign of
trouble? Turns out, it's not so clear-cut.
trouble? Turns out, it's not so clear-cut.
Top World Stocks Hit 50-Day Lines On Economic Worries
XCSFDHG46767FHJHJF
gol2664 Negocioenlinea Top World Stocks Hit 50-Day Lines On Economic Worries Investor’s Business Daily – 18 minutes ago By SCOTT STODDARD, INVESTOR'S BUSINESS DAILY Posted 05:49 PM ET A third of the 15 names in the Top World Stocks screen sank to their 50-day moving averages Tuesday, as the major indexes sold off on renewed concerns about Greek debt and the global …
Dow in the Dumps — Tuesday’s IP Market Recap
The other shoe finally dropped Tuesday, as the markets took by far their worst
dip in an otherwise upbeat 2012. The Dow Jones Industrial Average finished down
more than 200 points (1.6%), and the S&P 500 was down 1.5% as worries about
European debt and a Chinese economic slowdown slammed the markets. Gold also was
dip in an otherwise upbeat 2012. The Dow Jones Industrial Average finished down
more than 200 points (1.6%), and the S&P 500 was down 1.5% as worries about
European debt and a Chinese economic slowdown slammed the markets. Gold also was
Endeavour Mining Sells 40% Interest in Finkolo JV for US$20 Million Cash
Endeavour Mining Sells 40% Interest in Finkolo JV for US$20 Million Cash
Stockhouse - 34 minutes ago MONACO, March 6, 2012 /CNW/ - Endeavour Mining
Corporation ("Endeavour" or the "Corporation") (TSX:EDV, ASX:EVR) is pleased to
announce it has entered into a definitive agreement with Resolute Mining Limited
("Resolute") (ASX:RSG) for the sale and ...
Stockhouse - 34 minutes ago MONACO, March 6, 2012 /CNW/ - Endeavour Mining
Corporation ("Endeavour" or the "Corporation") (TSX:EDV, ASX:EVR) is pleased to
announce it has entered into a definitive agreement with Resolute Mining Limited
("Resolute") (ASX:RSG) for the sale and ...
Gold Shares Plunge, GDX Eyes Worst Day This Year
Gold shares came under heavy selling pressure alongside precious metals and the
broader equity markets on Tuesday. The Market Vectors Gold Miners ETF (GDX) fell
as much as $1.98, or 3.7%, to $51.64 per share its largest single-day decline
since December 28, 2011.
broader equity markets on Tuesday. The Market Vectors Gold Miners ETF (GDX) fell
as much as $1.98, or 3.7%, to $51.64 per share its largest single-day decline
since December 28, 2011.
U.S. Non- Manufacturing Index Slightly Increased to 57.3%
Yesterday, the U.S. non-manufacturing ISM report was released and it showed the
U.S. non-manufacturing PMI reached 57.3% in February 2012. The U.S.
non-manufacturing PMI, which is an index that estimates the economic activity in
the U.S. non-manufacturing sector, expanded for the 26th consecutive month; the
growth rate slightly rose from 56.8% in January 2012 to 57.3% in February 2012
i.e. a 0.5 percent points fain. This means that while the US non-manufacturing
sector is still growing, it grew during February by a slightly faster pace than
in January. Among the leading sectors in U.S. non-manufacturing industries that
grew during February include: Retail Trade; Real Estate, Rental & Leasing;
Educational Services; Wholesale Trade; Other Services; Transportation &
Warehousing; Finance & Insurance; Construction; Arts, Entertainment & Recreation
The leading industries that contracted during February include: Management of
Companies & Support Services; Retail Trade; and Health Care & Social Assistance.
The report shows that prices related to the non-manufacturing industries were
growing faster in February than in January (a rise of 4.9%). The business
activity/production also grew in February compared with the rate in January.
Currently, the major U.S. stock market indexes are traded sharply down including
the DOW S&P500 and NASDAQ. Furthermore,
U.S. non-manufacturing PMI reached 57.3% in February 2012. The U.S.
non-manufacturing PMI, which is an index that estimates the economic activity in
the U.S. non-manufacturing sector, expanded for the 26th consecutive month; the
growth rate slightly rose from 56.8% in January 2012 to 57.3% in February 2012
i.e. a 0.5 percent points fain. This means that while the US non-manufacturing
sector is still growing, it grew during February by a slightly faster pace than
in January. Among the leading sectors in U.S. non-manufacturing industries that
grew during February include: Retail Trade; Real Estate, Rental & Leasing;
Educational Services; Wholesale Trade; Other Services; Transportation &
Warehousing; Finance & Insurance; Construction; Arts, Entertainment & Recreation
The leading industries that contracted during February include: Management of
Companies & Support Services; Retail Trade; and Health Care & Social Assistance.
The report shows that prices related to the non-manufacturing industries were
growing faster in February than in January (a rise of 4.9%). The business
activity/production also grew in February compared with the rate in January.
Currently, the major U.S. stock market indexes are traded sharply down including
the DOW S&P500 and NASDAQ. Furthermore,
“You Have to Be in Precious Metals” as Iran War Nears, Says Faber
Rising tensions between Israel and Iran will provide a favorable backdrop for
gold and silver as safe haven asset classes, according to prominent market
pundit Marc Faber. In comments made to Reuters , Faber stated that Political
risk was high six months ago and is higher now. I think sooner or later, the
U.S. or Israel will strike Iran its almost inevitable. If war breaks out in the
Middle East or anywhere else, Faber continued Mr. Bernanke will just print even
more money. They have no (other) option, they havent got the money to finance a
war. Faber who correctly called the 1987 stock market crash and author of The
Gloom Boom & Doom report has also been one of the more noteworthy gold bulls
over the past decade. In order for investors to protect themselves from the
escalating risks of war, Faber contended that You have to be in precious metals
and equitiesmost wars and most social unrest havent destroyed corporations they
usually survive.
gold and silver as safe haven asset classes, according to prominent market
pundit Marc Faber. In comments made to Reuters , Faber stated that Political
risk was high six months ago and is higher now. I think sooner or later, the
U.S. or Israel will strike Iran its almost inevitable. If war breaks out in the
Middle East or anywhere else, Faber continued Mr. Bernanke will just print even
more money. They have no (other) option, they havent got the money to finance a
war. Faber who correctly called the 1987 stock market crash and author of The
Gloom Boom & Doom report has also been one of the more noteworthy gold bulls
over the past decade. In order for investors to protect themselves from the
escalating risks of war, Faber contended that You have to be in precious metals
and equitiesmost wars and most social unrest havent destroyed corporations they
usually survive.
Cisco Systems Expands UAE Product Lines
Cisco Systems (NASDAQ:CSCO) has launched the Linksky HomePlug AV Powerline
solution in the UAE. Cisco Systems Expands UAE Product Lines Cisco Systems
(NASDAQ:CSCO) has launched the LinkSky HomePlug AV powerline solution in the
UAE, helping consumers to overcome home networking challenges. This solution can
transform any electrical socket into Internet connection. Cisco Systems
(NASDAQ:CSCO)'s home
solution in the UAE. Cisco Systems Expands UAE Product Lines Cisco Systems
(NASDAQ:CSCO) has launched the LinkSky HomePlug AV powerline solution in the
UAE, helping consumers to overcome home networking challenges. This solution can
transform any electrical socket into Internet connection. Cisco Systems
(NASDAQ:CSCO)'s home
Goldminers rake it in, but no signs of dividends
Goldminers rake it in, but no signs of dividends The Australian - 1 hour ago A
COMBINATION of risk aversion and negative real interest rates in most developed
countries proved to be a good combination for the gold price last year.
COMBINATION of risk aversion and negative real interest rates in most developed
countries proved to be a good combination for the gold price last year.
Gold Price Sinks to 6-Week Low, Dollar Rallies
GOLD PRICE NEWS – The gold price tumbled $36.45, or 2.1%, to $1,669.21 per
ounce Tuesday morning as ongoing sovereign debt concerns in Greece led to U.S.
dollar strength and widespread liquidation on Wall Street.
ounce Tuesday morning as ongoing sovereign debt concerns in Greece led to U.S.
dollar strength and widespread liquidation on Wall Street.
Microsoft Corporation Pushing Windows Smartphones
Microsoft Corporation (NASDAQ:MSFT) has partnered with Zain Group to promote
Windows smartphones. Microsoft Corporation Pushing Windows Smartphones Microsoft
Corporation (NASDAQ:MSFT) has signed an agreement with Zain group for the
promotion of its Windows phone devices in Middle East and North Africa region.
Zain will bring the Smartphones to its clients in Iraq, Jordan, Bahrain, Soudi
Windows smartphones. Microsoft Corporation Pushing Windows Smartphones Microsoft
Corporation (NASDAQ:MSFT) has signed an agreement with Zain group for the
promotion of its Windows phone devices in Middle East and North Africa region.
Zain will bring the Smartphones to its clients in Iraq, Jordan, Bahrain, Soudi
Microsoft Corporation Unveils Windows 8 Test Build
Microsoft Corporation (NASDAQ:MSFT) has unveiled Windows 8 for testing.
Microsoft Corporation Unveils Windows 8 Test Build Microsoft Corporation
(NASDAQ:MSFT) unveiled their new operating system Windows 8 for consumer
testing. The Windows 8 Consumer Preview is available to download from
http://preview.windows.com. The beta version of the operating system was
released at the Mobile World Congress, Barcelona.
Microsoft Corporation Unveils Windows 8 Test Build Microsoft Corporation
(NASDAQ:MSFT) unveiled their new operating system Windows 8 for consumer
testing. The Windows 8 Consumer Preview is available to download from
http://preview.windows.com. The beta version of the operating system was
released at the Mobile World Congress, Barcelona.
Todays Dow Jones Industrial Average DJIA Index Trends; NutriSystems NTRI and Weight Watchers WTW Diet and Weight Loss Sector Trends Today
Todays DJIA, Nasdaq, S&P 500 Market Trend: The primary index composites dropped
off in a significant way upon opening bell in the U.S. last session. The Dow
Jones Industrial Average , as well as the Nasdaq and the S&P 500 attempted to
climb out of the hole through the session, but the hole had been dug too deep.
As of the end of day close, the three primary index composites in the U.S. had
finished on the negative side of break-even for the day. The Dow Jones
Industrial Average closed the day lower by 14.8 points at 12,962.81. The Nasdaq
finished red by 25.7 points and posted end of day close at 2,950.48 and the S&P
500 finished the day lower by 5.3 points at 1,364.33. In general, world stock
market trends were skewed negative last session. The momentum was already moving
in a negative direction prior to opening bell in the U.S. last session. Weaker
than expected economic growth predictions stemmed out of the China market via
Chinas Premier Wen Jiabao. Stocks in Asia closed lower as a result. European
Stocks finished lower on the day as well. Diet and Weight Loss Sector Review:
One sector doing better than the average global trends in the U.S. is the diet
and weight loss sector. NutriSystem Inc (NTRI) and Weight Watchers (WTW) both
finished the opening days session in the green. NutriSystem closed the day
higher by 6.07 percent at 11.88 and Weight Watchers finished the day higher by
.15 percent at 78.15. The diet and Weight loss sector has been trending
positively as of late. Frank Matto
off in a significant way upon opening bell in the U.S. last session. The Dow
Jones Industrial Average , as well as the Nasdaq and the S&P 500 attempted to
climb out of the hole through the session, but the hole had been dug too deep.
As of the end of day close, the three primary index composites in the U.S. had
finished on the negative side of break-even for the day. The Dow Jones
Industrial Average closed the day lower by 14.8 points at 12,962.81. The Nasdaq
finished red by 25.7 points and posted end of day close at 2,950.48 and the S&P
500 finished the day lower by 5.3 points at 1,364.33. In general, world stock
market trends were skewed negative last session. The momentum was already moving
in a negative direction prior to opening bell in the U.S. last session. Weaker
than expected economic growth predictions stemmed out of the China market via
Chinas Premier Wen Jiabao. Stocks in Asia closed lower as a result. European
Stocks finished lower on the day as well. Diet and Weight Loss Sector Review:
One sector doing better than the average global trends in the U.S. is the diet
and weight loss sector. NutriSystem Inc (NTRI) and Weight Watchers (WTW) both
finished the opening days session in the green. NutriSystem closed the day
higher by 6.07 percent at 11.88 and Weight Watchers finished the day higher by
.15 percent at 78.15. The diet and Weight loss sector has been trending
positively as of late. Frank Matto
Gold: New surge in illicit mining in north
Gold: New surge in illicit mining in north Africa Intelligence (subscription) -
1 hour ago
1 hour ago
FTSE starts firmly lower as falling metals prices hit miners
XCSFDHG46767FHJHJF
gol2664 Negocioenlinea FTSE starts firmly lower as falling metals prices hit miners Stock Market Wire – 6 minutes ago StockMarketWire.com – MORNING REPORT: Headline shares were firmly lower in early deals today, as upbeat US economic data failed to offset concerns over a slowdown in China's economy and metals prices retreated.
Tech Selloff is No Cause for Concern
The Nasdaq should resume its march higher once a few overbought techs have a
normal correction.
normal correction.
Todays gold price per ounce current spot gold rates; Spot silver price per ounce gold silver rate investment news today
Gold Price Silver price Market Review Today: Precious metals gold and silver
finished the last trading session of last week with close values in the red and
trends during opening session this week similar. At the mid-day mark in the
opening trading session, contract gold price per ounce and contract silver price
per ounce remained in the red. A rebound for precious metals gold and silver did
not establish itself Monday and the two contracts finished on the negative side
of break-even for the day. Movement was minimal during the weeks opening trading
session as precious metal gold tried to reverse the negative momentum that built
last week. Last week was difficult for gold price trends as the price of gold
fell lower by approximately 3.4 percent for the week overall. So far, gold and
silver price trends are still slumping. Gold price per ounce silver price per
ounce contract close review today: Contract gold closed opening session this
week lower by .35 percent at 1703.90 per troy ounce. Silver contract finished
the session lower by 2.40 percent at 33.70 per troy ounce. Spot gold price per
gram and spot silver price per ounce Trends Today: After last session close and
prior to todays opening bell, spot gold per gram and spot silver per ounce
posted prices in the red. Spot gold per gram posted at 54.83 and spot silver per
ounce posted at 33.99. Camillo Zucari
finished the last trading session of last week with close values in the red and
trends during opening session this week similar. At the mid-day mark in the
opening trading session, contract gold price per ounce and contract silver price
per ounce remained in the red. A rebound for precious metals gold and silver did
not establish itself Monday and the two contracts finished on the negative side
of break-even for the day. Movement was minimal during the weeks opening trading
session as precious metal gold tried to reverse the negative momentum that built
last week. Last week was difficult for gold price trends as the price of gold
fell lower by approximately 3.4 percent for the week overall. So far, gold and
silver price trends are still slumping. Gold price per ounce silver price per
ounce contract close review today: Contract gold closed opening session this
week lower by .35 percent at 1703.90 per troy ounce. Silver contract finished
the session lower by 2.40 percent at 33.70 per troy ounce. Spot gold price per
gram and spot silver price per ounce Trends Today: After last session close and
prior to todays opening bell, spot gold per gram and spot silver per ounce
posted prices in the red. Spot gold per gram posted at 54.83 and spot silver per
ounce posted at 33.99. Camillo Zucari
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