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Africa the next economic tiger?	20:59 The News International - Business
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Stronger dollar hurts McDonald’s 3Q results	20:50 Trinidad & Tobago Guardian Online - Business
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In China, a Rivalry for Economic Stewardship	20:00 The New York Times - Technology
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How McDonald's has weathered global recession	19:47 SmartPlanet
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German Industrialist: Insolvency Procrastination And How To Confront The Coming Inflation	19:16 Zero Hedge
Euro holds steady	19:12 The Nation - Business
America’s economy battles uncertainty, both home-made and imported	18:44 The Economist
With euros leaving Greece, Greece may need to leave the euro	18:44 The Economist
Slouching towards the drachma	18:44 The Economist
Patricia Brown Armbrust	18:41 Register-Pajaronian, California - Opinions
Relax: Big deficits, rising debt won’t spark inflation	18:14 The Globe and Mail
Gold Injection Could Dim Prices	18:02 The Wall Street Journal
TCS bullish on growth, logs 49% rise in Q2 net	17:46 The Times of India
Orange Park, Clay groups tout economic opportunities	17:31 The Florida Times-Union - Business
Gold heads for 2nd weekly loss as euro falls	17:25 Daily Times - Business
Euro declines vs dollar as Spain rescue details elusive	17:25 Daily Times - Business
Weekly inflation witnesses mixed trend for different income groups	17:25 Daily Times - Business
How Cramer's Playing Gold	17:24 CNBC.com - Stock Market
Revisiting The Bullish Case For McDonald's	17:21 SeekingAlpha - Services
4 to 6 hours old www.usagold.com --LIVE NEWS--
Can a businessman help the economy? For presidents, the answer has been no.	17:18 The Washington Post
Hasan killing deals fresh blow to weakened economy	17:18 The Daily Star, Lebanon
Summers Says Euro Crisis Approach Evokes U.S. in Vietnam War	17:16 Bloomberg - Economy
Bullish on Yamana Gold	17:15 The Globe and Mail
A Strong Economic Recovery Could Crush These Dividends	17:10 The Motley Fool
Goldman calls time on the oil bull market	17:09 ArabNews - Economy
Indian rupee falls to 1-month low	17:09 ArabNews - Economy
Libya economy boosted by oil pending reconstruction	17:09 ArabNews - Economy
Wall Street down 200 points, gold price falls 1%	17:09 ArabNews - Economy
Matthews Asia confident on India despite rising inflation	17:09 What Investment
Man’s addiction to gold	17:09 The Star Online
Most SME stakeholders concerned about the economic climate	17:02 Growth Business
Economic forecast: 2013 'could be a very good year'	16:57 Press Democrat
Dollar up on disappointing EU summit	16:44 Channel NewsAsia - Business
Stronger dollar hurts McDonald's	16:43 WCPO TV, Ohio - Money
Global Equities Hold Gains; Economic News Mixed	16:42 Forbes.com - Business
Class Warfare: The Mortal Enemy Of Economic Growth And Jobs	16:41 Forbes - Home Asia
Gold slides Friday	16:37 UPI - Security & Terrorism
Euro Crisis Fuels Pro-Independence Movements	16:34 Voice of America - Economy
Small Businesses Were Less Optimistic About Economic Rebound As 2012 Progressed, Insurer's Survey Says	16:30 Hartford Courant, Connecticut
If The Market's Disconnect With Economic Reality is Over, Watch Out Below	16:20 Zero Hedge

Gold Falls to Six-Week Lows

by Peter A. Grant

Oct 19, AM
(from USAGOLD.com) --

Gold remains defensive going into the weekend. The yellow metal fell to a new six-week low after a catalyst to drive the market above important chart resistance at 1800.00/1802.89 failed to materialize.

Better than expected US and Chinese economic data this week, temper expectations of further central bank accommodations. Uncertainty also continues to rise regarding who will win the US Presidential election in just over two-weeks, and the implications for leadership and policy continuity at the Fed. Republican challenger Mitt Romney has pledged to replace Ben Bernanke as chairman of the Fed if he becomes President.

Another generally disappointing EU summit has concluded, which once again failed to address the underlying imbalances at the core of the eurozone debt crisis. The euro and European stocks were pressured, amid heightened risk aversion. An agreement to make the ECB the supervisor of eurozone banks by year-end is being touted, but the market clearly doesn't share the enthusiasm of French President Hollande who declared, "Tonight, I have the confirmation that the worst is behind us."

US equities are getting slammed as well, on the 25th anniversary of 'Black Monday', weighed by disappointing corporate earnings and persistent growth risks (despite this week's encouraging data points). This is resulting in some deleveraging pressures. Such pressures tend to support the dollar, and at least initially, suppress gold.

Gold is proving far more resilient than silver on this decline. I suggested in commentary several weeks ago that the gold/silver ratio was trying to form a bottom below 51, in light of rising global growth risks. The ratio set a new seven-week high of 53.77 today, nearly 7% off the recent low.

Peter Grant is USAGOLD's resident economist and a well-known analyst globally in the forex and precious metals markets.

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Opinions expressed in commentary on the USAGOLD.com website do not constitute an offer to buy or sell, or the solicitation of an offer to buy or sell any precious metals product, nor should they be viewed in any way as investment advice or advice to buy, sell or hold. USAGOLD, Inc. recommends the purchase of physical precious metals for asset preservation purposes, not speculation. Utilization of these opinions for speculative purposes is neither suggested nor advised. Commentary is strictly for educational purposes, and as such USAGOLD does not warrant or guarantee the accuracy, timeliness or completeness of the information found here.

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Gold Falls to Six-Week Lows