Market Commentary
METALS: December gold futures closed down $18.50 an ounce at $1,306.10. Prices closed near mid-range and
were pressured by fully bearish outside markets today sharply higher U.S. dollar index and sharply lower crude
oil prices. The gold market bears have the overall near-term technical advantage. A six-week-old downtrend is in
place on the daily bar chart.
December silver futures closed down $0.508 an ounce at $21.93 today. Prices closed nearer the session low. The
key outside markets were fully bearish for silver today as the U.S. dollar index was sharply higher and crude oil
prices were sharply lower. Silver bears have the overall near-term technical advantage.
Technical levels for 10th Oct, 2013
Metal      Support ($/oz)     Resistance ($/oz)
Gold         1,290.87                      1,324.51
Silver           21.595                       22.308

Source:RSBL