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

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)

[2]

 

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

[3]