COMEX gold and silver futures began October doing the thing they did most often in September – setting new all-time and 30-year highs, respectively.  After reaching a record of $1,321.80 this morning, gold for December delivery settled up $8.20, or 0.6%, at $1,317.80 per ounce.

Silver for December delivery, after climbing to $22.155 this morning – its highest level since 1980 - closed with a gain of $0.24, or 1.1%, at $22.06 per ounce.