The imminentshort squeeze gold bulls had been waitingfor since late July, was triggered yesterday after U.S. equitieswere down over three percent the previous session. Just after the London MetalsExchange (LME) opened yesterday morning, gold spec shorts slowly began to coveras Dow Futures were showing more weakness before the opening bell. Once theU.S. CPI inflation data came in lower than expecte...Read More

It’s safe to say it’s been a volatile week for markets and a bad one for stocks. But, with the rout showing early signs of abating, we’d like to finish the week focussing on a market which went up this week. At the beginning of the month we highlighted Gold’s potential to break higher. Noting the general lack of mean reversion throughout 2018’s decline, signs of beari...Read More

"Selling stocks is the worst thing you can do right now, UBS Chairman Weber says. https://t.co/4fHTpoQrFj"Read full newsRead More

Great PantherSilver Ltd. (TSX: GPR; NYSE American: GPL) reports output from its two Mexicanmines declined in the third quarter compared to a year ago, although thecompany remains track to meet its full-year output guidance. Silver production decreased 16% year-on-yearto 448,840 ounces, while gold production fell 19% to 4,737 ounces. However,lead and zinc production increased 29% and 14%, respect...Read More

Great Panther Silver Ltd. (TSX: GPR; NYSE American: GPL) reports output from its two Mexican mines declined in the third quarter compared to a year ago, although the company remains track to meet its full-year output guidance. Silver production decreased 16% year-on-year to 448,840 ounces, while gold production fell 19% to 4,737 ounces. However, lead and zinc production increased 29% and 14%, re...Read More

WASHINGTON (Reuters) - U.S. President Donald Trump would go through with plans to meet with Chinese President Xi Jinping at the G20 summit next month if it looked like it would be a positive meeting, U.S. Treasury Secretary Steven Mnuchin said on Friday.“If it looks like we can make positive direction, then I’m sure that the president will have the meeting. But we need to do work in ad...Read More

FRANKFURT (Reuters) - The European Central Bank must be mindful of financial stability risks, including those created by its own ultra easy policy, ECB board member Sabine Lautenschlaeger said on Friday, weighing in on a recent debate.“The ECB cannot and should not turn a blind eye to risks to financial stability,” Lautenschlaeger said in Malta. “Without financial stability, it b...Read More

(Kitco News) - Gold prices aretrading modestly down in early U.S. trading Friday, on a normal correctivepullback after scoring on Thursday the strongest daily gains in over two years.Now, the yellow metal is in a much better technical posture to suggest higherprices are likely in the coming weeks, or longer. December gold futures werelast down $2.10 an ounce at $1,225.70. December Comex silver wa...Read More

(Kitco News) - Gold prices are trading modestly down in early U.S. trading Friday, on a normal corrective pullback after scoring on Thursday the strongest daily gains in over two years. Now, the yellow metal is in a much better technical posture to suggest higher prices are likely in the coming weeks, or longer. December gold futures were last down $2.10 an ounce at $1,225.70. December Comex silv...Read More

LONDON (Reuters) - Oil edged further above $80 a barrel on Friday as a rally in equities lent support, though prices pared most of their gain after a closely watched forecaster deemed supply adequate and the outlook for demand weakening.Crude was still heading for its first weekly drop in five weeks, pressured by a big rise in U.S. inventories and fading concerns for now that looming U.S. sanction...Read More

BENGALURU (Reuters) - Indian online retailer Flipkart, owned by Walmart Inc, expects bumper sales during the annual festive season that just kicked off, as it boasts that U.S. rival Amazon Inc is losing relevance in India.Flipkart and Amazon both began their flagship annual sales in India on Wednesday, and will compete for shoppers during the October-December festive season when most big-ticket pu...Read More

(Reuters) - Wall Street indexes extended their decline on Thursday as volatility spiked and investors shunned risky investments, and Nasdaq looked like it could confirm a correction.By late afternoon the S&P was down another 2 percent after shedding 3 percent in the previous day’s session and Nasdaq was down as much as 10.3 percent from its closing record high, reached on Aug. 29. If it...Read More

BRUSSELS (Reuters) - Production at factories in the euro zone increased in August by more than forecast, reversing the negative trend of the previous two months in what could prove a boost for the bloc's economic growth in the third quarter, data released on Friday showed.The European Union statistics agency Eurostat said industry output in the 19-country currency bloc was up in August by 1.0 perc...Read More

LONDON (Reuters) - Oil markets look “adequately supplied for now” after a big production increase in the last six months, but the industry is coming under strain, the West’s energy watchdog said on Friday.The International Energy Agency said in its monthly report that the world’s spare oil production capacity was down to 2 percent of global demand, with further falls likely...Read More

* Stocks bounce pushes most euro zone bond yields up* Recovery in risk appetite benefits Italian market* IMF says Italy needs to respect EU budget rules* Moody’s to review Portugal ratings* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Updates with Draghi comments,)By Dhara RanasingheLONDON, Oct 12 (Reuters) - German government bonds were set for their best week since August on F...Read More

NUSA DUA, Indonesia (Reuters) - Just in case any of the global central bankers and finance ministers gathered in Indonesia missed the message delivered repeatedly this week, the host nation said it again on Friday: Everyone stands to lose if trade wars are allowed to escalate. Indonesian President Joko Widodo didn’t mention the United States or China, the world’s two largest econ...Read More

NUSA DUA, Indonesia (Reuters) - The euro zone’s continuing expansion has vindicated European Central Bank policy but risks to the outlook, from trade protectionism to the threat of a hard Brexit, are on the rise, ECB President Mario Draghi said on Friday.The ECB has been dialing back stimulus for months and expects to end a 2.6 trillion euro asset purchase scheme in December, arguing that it...Read More

Editor's Note: Welcome to Kitco's new Bitcoin Daily Technical Alert. Every trading day veteran Kitco technical analyst Jim Wyckoff will provide you with a concise and easy-to-understand near-term technical brief on Bitcoin. Importantly, Jim will glean the short-term charts and technical studies, and then alert you to the signals he sees regarding upcoming potential bigger price moves or price tren...Read More

Gold has broken out to the upside.The big question from here is can it hold? The answer is not an easy one butthe simple fact that gold has been consolidating for months, continued to makehigher lows and finally pushed through $1,220 suggest the answer is yes.This is the time when traders andinvestors get confused about who and what they are. As a trader, if you arelong gold as a trade, you should...Read More

Gold has broken out to the upside. The big question from here is can it hold? The answer is not an easy one but the simple fact that gold has been consolidating for months, continued to make higher lows and finally pushed through $1,220 suggest the answer is yes. This is the time when traders and investors get confused about who and what they are. As a trader, if you are long gold as a trade, you...Read More