Thursday, October 6, 2011

FEATURE-Gold to flow from Congo's cloud-capped hills

FEATURE-Gold to flow from Congos cloud-capped hills Reuters - 1 hour ago By
Jonny Hogg TWANGIZA, Democratic Republic of Congo Oct 6 (Reuters) - - High in
the hills of Congos troubled northeast, a modern mine is ready to pour gold for
the first time in five decades ...

6 Reasons a Global Recession is Unavoidable

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tdp2664 InvestorPlace Most economists and Wall Street types are reluctant to publicly admit the global economy is



Gold price per ounce silver price per ounce spot gold price per gram spot silver price per ounce

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dow2664 Gold and silver price per ounce trends continue to struggle in the current market environment. Gold price trends are decisively negative over the course of the past month. According to one month price change analysis, gold is negative by almost 14 percent. Silver is significantly worse off over the same amount of time. According to the one month change analysis for silver, price trends are negative by 29.01 percent. Safe haven interest appeared more prevalent during the last trading session in the U.S. The primary index composites closed out higher due, in part, to positive economic reports that posted last session in the U.S. The Dow Jones Industrial Average closed out higher by 131.24 points to close out at 10,939.95. Investors are still worried about potential recessive tendencies and thus, positioned with precious metal gold and silver. Contract gold and silver prices finished the day on positive ground. December contract gold closed out higher by 1.58 percent at 1641.60 per troy ounce. Silver contract for December delivery closed out higher by 1.72 percent at 30.35 per troy ounce. During the interval after last session close but prior to opening bell this morning, spot gold and spot silver prices moved in positive territory. Spot gold per gram was higher by .88 at 52.83. Spot silver per ounce was higher by .57 at 30.41. Camillo Zucari



Gold & Silver Prices – Daily Outlook October 6

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DG365FD46564GFH654FU898 Gold and silver prices continue to seek direction and ended yesterday moderately rising. The continuous rally the U.S. and Europe stock markets were probably driven from the recent bailout plans in the European markets that may have curbed the gains of gold and silver. Currently, gold and silver prices are traded up. Today, the European Central Bank interest rate decision will be announced, BOJ rate decision and U.S. Unemployment Claims report will be published. Here is a market outlook of precious metals prices for today, October 6th: Gold and Silver Prices – October Gold price inclined on Wednesday by 0.75% to $1,628; silver price also increased by 0.87% to $30.10. The chart below shows the development of gold and silver prices in recent weeks (normalized gold and silver prices (September 16th 2011=100)). During October gold price slightly inclined by 0.4%, and silver prices by 0.1%. The ratio between gold and silver prices slipped on Wednesday, October 5th to 54.09. During October, silver price slightly declined by a larger rate than gold price as the ratio increased by 0.3%.



Where Will This Rally End?

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tdp2664 InvestorPlace Blue-chip and technology stocks led the market to its second big gain yesterday. An increase in private sector hiring and a more serious coordinated action to recapitalizeEurope's banks brought buyers into the financial sector late in the day, assuring a gain for the session. But volume on the NYSE fell to 1.2 billion shares compared to Tuesday's 1.7 billion. Advancers were ahead of decliners by almost 3-to-1 on both exchanges.



Sprint Getting Its Groove Back

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tdp2664 InvestorPlace Sprint Nextel Corp. (NYSE: S ) — This leading provider of wireless and other telecommunications services had been in a bear market since 2006, falling from over $24 to under $2 in late 2008. The Trade of the Day began recommending Sprint early this year at $3.25 and traded it to over $5. But when Q2 earnings missed estimates, the stock broke down on a breakaway gap that signaled a serious sell-off was occurring.



Gold & Silver Prices – Daily Outlook October 6

Gold and silver prices continue to seek direction and ended yesterday moderately
rising. The continuous rally the U.S. and Europe stock markets were probably
driven from the recent bailout plans in the European markets that may have
curbed the gains of gold and silver. Currently, gold and silver prices are
traded up. Today, the European Central Bank interest rate decision will be
announced, BOJ rate decision and U.S. Unemployment Claims report will be
published. Here is a market outlook of precious metals prices for today, October
6th: Gold and Silver Prices – October Gold price inclined on Wednesday by
0.75% to $1,628; silver price also increased by 0.87% to $30.10. The chart below
shows the development of gold and silver prices in recent weeks (normalized gold
and silver prices (September 16th 2011=100)). During October gold price slightly
inclined by 0.4%, and silver prices by 0.1%. The ratio between gold and silver
prices slipped on Wednesday, October 5th to 54.09. During October, silver price
slightly declined by a larger rate than gold price as the ratio increased by
0.3%.

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