Precious metals price changed direction and declined during most of last month. Despite the commencement of QE3 by the FOMC it didn’t seem to affect much the prices of gold and silver. This news may, however, start affecting the prices of precious metals in the near future. Conversely, the ongoing developments in Europe, including the riots in Spain, Greece and Italy, may have curbed the rally of the Euro during last month. The modest rise of Euro/USD, mainly during the first couple of weeks of October may have slightly curbed the decline of precious metals prices. Will gold and silver change direction and rally ... (full story)