Gold and Silver jump after Fed news...likewise HUI Index soars 11%

September 18, 2013

SAN FRANCISCO (Sept 18)   Gold futures jumped and oil futures fell from intraday highs after the Federal Reserve announced it would not taper $85-billion-a-month in asset purchases at this point. Spot Gold  +4.68% traded at $1,361.80, while silver soared 7.01% to $23.07.

Correspondingly, the HUI Index went ballistic up 11% to 260 by 3:30 pm (NY time).

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