Negative action continued for gold and silver prices through the first half of the trading session today in the United States. Contract gold and silver price per ounce rates were posting in negative territory for the day at the halfway point in the session. Stocks were falling lower as well. Poor earnings in the tech sector affected stocks this day and as of the mid-day point in the session, the major stock index composites were moving in negative territory. The dollar did weaken today versus the British pound and Japanese yen but it rose versus the euro. This action most likely applied additional negative pressure to the price of gold and silver today. Floor price for August contract gold was negative by .76 percent at mid-day at 1509 per troy ounce. Electronic price for July contract silver was negative by .78 percent at 34.73 per troy ounce. The negative trends are building for gold and silver prices and the one month change status has turned negative for both precious metals. The one month change for gold is negative now by 1.08 percent and the one month change status for silver is negative by 4.12 percent. The drop in the euro and the economic turmoil in some European regions is hurting gold and silver price trends.

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