Precious metals tumble as "Octaper" eyed

|By:, SA News Editor

Gold (GLD -2%) and silver (SLV -4.6%) retrace a good part of Wednesday's non-taper blast-off with Jim Bullard's casual mention of a possible October taper a convenient excuse to sell.

The dollar (UUP +0.1%), however, isn't moving a whole lot, and Treasury prices (TLT +0.4%) are actually a bit higher on the session. Go figure.

Meanwhile, a Bloomberg survey finds gold traders at their most bullish level in three weeks following Wednesday's FOMC decision.

PM ETFs: GLD, IAU, SGOL, PHYS, AGOL, DGL, UBG, DGP, UGL, DZZ, GLL, DGZ, UGLD, DGLD, GLDISLV, SIVR, AGQ, DBS, USV, ZSL, USLV, DSLV, SLVO.

Dollar ETFs: UUPT, UDN, UDNT.

Treasury ETFs: TLH, TLT, IEF, DTYL, DLBL, ILTB, TENZ, ITE, TLO, EDV, VGIT, VGLT, TMF, TYD, LBND, UBT, UST, TMV, TYO, DSTJ, DSXJ, SBND, PST, TBT, DTYS, DLBS, TBF, TTT, TYNS, TYBS, TBX.