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Gold And Silver Spike, Recover All Shutdown Losses As Stocks Tumble

Posted By admin On October 2, 2013 @ 12:14 pm In Money Watch | Comments Disabled

Zero Hedge [1]
October 2, 2013

Odd that the mainstream media is not discussing the 4% spike in precious metals this morning as vociferously as they discussed the imminent demise of gold and silver yesterday. With stocks having given back all the Shutdown gains, gold and silver prices are surging higher retracing all yesterday’s losses as Treasury yields fall and the USD weakens on EUR strength. It seems, perhaps, thespike in 1 month T-Bill yields (and inversion of the USA CDS curve) is being priced into other safe-haven assets…

Silver up 4%, Gold up 3% today…(and back above $1300)

Gold And Silver Spike, Recover All Shutdown Losses As Stocks Tumble 20131002 gold 0 [2]

 

and stocks have given up all their gains – falling back in line with Treasuries…

Gold And Silver Spike, Recover All Shutdown Losses As Stocks Tumble 20131002 gold1 0 [3]

 


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URLs in this post:

[1] Zero Hedge: http://www.zerohedge.com/news/2013-10-02/gold-and-silver-spike-recover-all-shutdown-losses

[2] Image: http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/09/20131002_gold.jpg

[3] Image: http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/09/20131002_gold1.jpg

[4] Gold Soars To Near Six Month High As Silver Overtakes Stocks In 2012: http://www.prisonplanet.com/gold-soars-to-near-six-month-high-as-silver-overtakes-stocks-in-2012.html

[5] Gold:Silver Ratio Falls as Silver Rises: http://www.prisonplanet.com/goldsilver-ratio-falls-as-silver-rises.html

[6] Gold Gains as Dollar Weakens on Fed; Silver Reaches 30-Year High: http://www.prisonplanet.com/gold-gains-as-dollar-weakens-on-fed-silver-reaches-30-year-high.html

[7] Gold Rises to Record, Silver Extends Gains on Currency Declines: http://www.prisonplanet.com/gold-rises-to-record-silver-extends-gains-on-currency-declines.html

[8] Gold Reaches $1,913.50 – Smart Money Moving Into Silver As UBS Says $50 Silver In 3 Months: http://www.prisonplanet.com/gold-reaches-1913-50-%e2%80%93-smart-money-moving-into-silver-as-ubs-says-50-silver-in-3-months.html

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