Gold/Silver Roundup 10/15/2013

Gold opened near $1273/oz, decreasing to nearly $1252 during the morning hours. This was likely due to some optimistic talk from Washington on the possibility of reaching a budget deal, and also from a continued decline in derivatives over yesterday. Gold climbed back to $1285 in the evening, leveling off near $1280/ox by the present time. Late day rally likely cause by news of a canceled vote on a budget plan, further delaying the crisis in Washington.

Live 24 hours gold chart [Kitco Inc.]

Silver opened near $21.19/oz before dropping to near $20.50 mid-morning, before leveling off near $21.40/oz. Same rationales as gold.

Live 24 hours silver chart [ Kitco Inc. ]

(source: http://www.kitco.com)

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