Gold & Silver Prices – Daily Outlook October 18

Gold and silver prices started the week with moderate falls as speculation over
the next step of the European leaders is not clear. The Chinese economy grew in
the third quarter by a slower than expected pace. Currently gold and silver
prices are traded down. Today, U.S. Producer Price Index will be published, the
U.S. TIC Long Term Purchases report and the Chairman of the Fed will give a
speech. Here is a market outlook of precious metals prices for today, October
18th: Gold and Silver Prices – October Update Gold price slightly declined on
Monday by 0.38% to $1,676.6; silver price also decreased by 1.09% to $31.87. The
chart below shows the development of gold and silver prices in October
(normalized gold and silver prices (September 30th 2011=100)). During the month,
gold price inclined by 3.3%, and silver prices by 5.8%. The ratio between gold
and silver prices increased on Monday, October 17th to 52.69. During October,
silver price inclined by a slightly larger rate than gold price as the ratio
decreased by 2.3%. Update on European Debt Crisis Following the G-20 meeting
over the weekend, as it was agreed that the European leaders will need to

Updates For Tuesday October 18, 2011 – Earnings Reports

The sellers were back on Wall Street Monday with Dow off -2.13%, the
Nasdaq-1.98% and the S&P 500 -1.94%. Despite Googles great earnings last week,
the market is still fearful of any news out of Europe. Asia took a hit Monday
night and Europe is down as I write. Futures of the Dow and S&P 500 are off
slightly on slower economic growth in the 3rd quarter for China but the Nasdaq
100 futures are bucking the trend on a batch of earnings reports from major
American corporations including tech giant Apple. Companies to report Tuesday
morning include Bank of America (BAC), Goldman Sachs (GS), drug maker Johnson &
Johnson (JNJ), and beverage giant Cocal-Cola (KO). Its quite possible that Apple
leads tech stocks higher today, especially considering Yahoo (YHOO) and Intel
(INTC) are due to release results after the market closes. Economic data Tuesday
includes September producer prices at 8:30 a.m. EDT followed by NAHB Housing
Market Index for October at 10 a.m. EDT. Then at 1:15 p.m. EDT Ben Bernanke will
give a speech in Boston that could impact the market. Yesterdays drop combined
with all these variables is why you didnt receive a swing trade alert from me
Monday. I like to have a good feel for the market when I swing trade and right
now its hard to do that. Primarily because were just below the top of the
channel weve been trading in and yesterdays pullback either marks the start of
another bear run to the bottom or some healthy consolidation after running up
for almost 10 straight days. If I find anything I like over the next few days,
Ill be sure to text and email you right away. Currently the portfolio is empty
with no open swing trades. Here is a video I did this morning illustrating how
to swing trade this channel .

Gold and Silver Started the Week Falling –Daily Recap October 17

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DG365FD46564GFH654FU898 Gold and silver price changed direction again and slightly declined on the first day of the week; crude oil prices also started the week slipping; natural gas spot prices on the other hand sharply inclined. Here is a summary of the price movements of precious metals and energy commodities for October 17th: Precious Metals prices: Gold price shed 0.38% off its value and reached $1,676; Silver price, also declined by 1.09% to reach $31.82. During October, gold price inclined by 3.3% and silver price increased by 5.8%.

China’s GDP 3Q11 Growth rate Dropped to 9.1%

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DG365FD46564GFH654FU898 The GDP of China rose in the third quarter by 2.3% (Q-2-Q), which is nearly 9.1% in annual terms. This is a drop in the growth rate from the previous quarter as the GDP grew by 9.7% and 9.5% in the first and second quarters (in annul terms), respectively. This growth rate in Q3 2011 was less than expected according to Bloomberg. These figures indicate that the Chinese economic progress slowed down from the beginning of the year, but is still robust despite the restrictions that the People Bank of China imposed on the commercial banks by raises the reserve requirement ratios during the year in order to curb the number of loans given and by doing so to reduce the inflation pressures. This news might be among the reasons to pull down not only major commodities prices including gold , silver and crude oil prices, but also the stock markets. Current gold price, short term futures (November 2011 delivery) is traded at $1,663.6 per t oz. a $13 decrease or 0.78%, as of 09:30*. Current Nymex crude oil price, short term futures (November 2011 delivery) is traded down by 0.76% to $85.72 per barrel as of 09:34*. Euros to US

Tech Stocks Fail to Bail Out the Market

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tdp2664 InvestorPlace A news-focused stock market turned its attention to Europeagain yesterday, when reports that the German chancellor could see no immediate resolution to the European economic crisis. That, coupled with disappointing earnings from Citigroup (NYSE: C ) and Wells Fargo (NYSE: WFC ), set up the stock market for a lower opening. And so from the opening bell to the close, the bulls were crushed yesterday with a steady flow of sell orders. Even though volume was low with just 904 million shares trading on the NYSE, sellers outnumbered buyers by about 4-to-1. It was a straight line down for each of the major indices until just before 3 p.m., when a few buyers poked their heads above the trenches, but they were overwhelmed by more selling that continued to the final bell. Click to Enlarge Volatility returned yesterday with the CBOE Volatility Index ( VIX ) jumping 4.65 to 32.89.

Todays Gold Price Per Ounce Rate Spot GOld PRice per gram; Spot silver per ounce price rate News Today

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dow2664 Gold Price Per Ounce rates and Silver price per ounce rates were trending in opposite directions in the initial half of the last trading session. Spot gold price per gram and spot silver price per ounce trends were both moving on the negative side of break-even. As end of day close numbers finalized for the U.S. trading session, the primary index composites remained in the red. The DJIA was lower by 2.13 percent at 11,397. The Dollar gained strength versus the euro and the British pound. Precious metal gold and silver closed out the day on the negative side of break-even. Contract gold for December delivery finished the last trading session red by .38 percent or negative 6.40 to close out at 1676.60 per troy ounce. Silver contract for December delivery closed out lower by 1.09 percent or negative .352 to close out at 31.82 per troy ounce. During the interval between last session close and today’s session open, spot gold per gram trends and spot silver per ounce trends continued to move in the red. Spot gold price per gram was lower by .24 at 53.87 and spot silver price per ounce trends were lower by .30 at 31.87. Camillo Zucari

China’s GDP 3Q11 Growth rate Dropped to 9.1%

The GDP of China rose in the third quarter by 2.3% (Q-2-Q), which is nearly 9.1%
in annual terms. This is a drop in the growth rate from the previous quarter as
the GDP grew by 9.7% and 9.5% in the first and second quarters (in annul terms),
respectively. This growth rate in Q3 2011 was less than expected according to
Bloomberg. These figures indicate that the Chinese economic progress slowed down
from the beginning of the year, but is still robust despite the restrictions
that the People Bank of China imposed on the commercial banks by raises the
reserve requirement ratios during the year in order to curb the number of loans
given and by doing so to reduce the inflation pressures. This news might be
among the reasons to pull down not only major commodities prices including gold,
silver and crude oil prices, but also the stock markets. Current gold price,
short term futures (November 2011 delivery) is traded at $1,663.6 per t oz. a
$13 decrease or 0.78%, as of 09:30*. Current Nymex crude oil price, short term
futures (November 2011 delivery) is traded down by 0.76% to $85.72 per barrel as
of 09:34*. Euros to US