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China to kick off 3rd economic census in 2013	18:36 China.org.cn - Business
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Japan's economy shrinks 3.5 percent in 3rd quarter	18:31 Asahi Shimbun - Business
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Dollar dips on weak business report	18:28 The Age - Markets
Treasuries Snap Three-Day Advance Before U.S. Inflation Data	18:26 Bloomberg - Markets
Euro up in Asia	18:25 The Nation - Business
open market forex rates on 12/11/2012	18:25 The Nation - Business
Turkey central bank threatens rate cut to bring down lira	18:25 The Nation - Business
Gold near 3-week high	18:25 The Nation - Business
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Gold stable Monday, dropping slightly	18:24 UPI - International Intelligence
Caixin Online: Yen edges toward brink: Andy Xie	18:24 MarketWatch
Cameron heaps praise on City’s contribution to the UK economy	18:21 City AM
Euro falls to 2-mth low vs dollar after no deal on Greece	18:19 Reuters - Economy
Australian Business Confidence Weakens as Mining Outlook Worsens	18:16 Bloomberg - Economy
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Naira Falls across Market Segments on Strong Dollar Demand	18:08 ThisDay Live
Condoleezza Rice: America must get fiscal, economic house in order	18:06 Naples Daily News, Florida
Economic data dampens Diwali mood	18:06 The Times of India - Indo-Pak Ties
Diesel price hike nudges October retail inflation a tad	18:00 The Times of India - Indicators
Forex: EUR/USD flat around 1.27; Greece in focus	17:59 FXstreet - Forex News
Euro Near 2-Month Low as Greece Deal Up in the Air	17:58 CNBC.com - Currencies
Silver Fern Farms posts loss	17:58 TVNZ - Business
China to kick off third economic census in 2013	17:57 China.org.cn - Economy
Bullish on China (for now)	17:56 MSN Money - Investment Ideas
Japan’s exports drop, economy shrinks	17:56 The Washington Times - Economy
Diesel price hike nudges Oct retail inflation a tad	17:54 The Economic Times
Exports fall sixth month in a row in October; trade deficit at 12 month high	17:54 The Times of India - Foreign Trade
Aussie Falls Versus Peers Amid Europe, Slowdown Concerns	17:46 Bloomberg - Markets
Consumers Closing Wallets in Japan as Economic Woes Deepen	17:45 Bloomberg - Industries
Silver Fern Farms turns to FY loss on inventory writedowns	17:45 Scoop - Business
China poised to cash in on currency 'Big Bang'	17:43 The Irish Times - Business
Crude Slips for 2nd Day on US Economic Worries	17:42 CNBC.com - Energy
Aust.: NAB Business Confidence & Business Conditions both lower	17:41 ForexLive.com
BOJ offers to buy 200B Yen of Corp. Bonds via asset purchase programs	17:41 ForexLive.com
1 to 2 hours old www.usagold.com --LIVE NEWS--
Gold demand from rural India sluggish	17:39 The Economic Times - Economy
Australia National Australia Bank's Business Confidence -1 in Oct	17:39 FXstreet - Forex News
FOREX-Euro near 2-month low as Greece deal up in the air	17:37 Reuters.co.uk - Currencies - Asian Currency
Traders cut bullish bets due to prices rise	17:32 The Economic Times - Markets
Gold demand from rural India sluggish this Diwali	17:32 The Economic Times - Markets
Laconia Resources identifies further high grade gold-silver targets in Peru	17:31 Proactiveinvestors - Australia
Incoming: Aust. NAB Business Confidence at 0030GMT	17:31 ForexLive.com
Aust.: NAB Business Confidence -1 (vs. Zero last month)	17:31 ForexLive.com
NZ dollar strengthens on possible Greek reprieve	17:29 Business Spectator
How to trade a potential Greek exit from the euro	17:26 City AM - Investments
Cramer’s Top Trade on China’s Recovering Economy	17:25 CNBC.com - Stock Market
Rupee ends at two-month low	17:19 Yahoo! India
Forex: AUD/USD bullish while above 1.0410 – V.Bednarik	17:18 FXstreet - Forex News
ECB Bond-Buying: The Rape of Europe Continues	17:17 The Street - Markets
It is still not clear whether China’s new leaders will advance economic reform	17:16 City AM - Investments
Japan economy shrinks as China dispute takes toll	17:12 The Arizona Republic - Money

>Gold Slips in Thin Holiday Trade

by Peter A. Grant

Nov 12, AM
(from USAGOLD.com) --

Gold is mildly defensive, trading in thin holiday conditions. However, the firmer tone that emerged in the wake of President Obama's reelection last week is being viewed as a generally positive harbinger for the gold market.

With the contentious political divide still in place in Washington, there is an expectation that meaning fiscal changes aren't going to be forthcoming. While the 'fiscal cliff' and the debt ceiling will have to be addressed in fairly short order, some limited compromised that will allow for the can to be kicked further down the road is the most likely outcome. In short, the underlying problems will swept under the rug yet again. This will force the Fed to continue doing what it has been doing, propping up the economy with its über-easy monetary policy, as the Nation's debt and the Fed's balance sheet balloons.

Investors in tune enough to realize that recent dollar strength is really more about euro weakness, will continue to buy gold as a safe-haven asset. Similarly, sovereigns will continue to buy gold in an effort to diversify their reserve holdings. Australia's Daily Reckoning quoted macro strategist Dan Amoss as saying, "Gold is the perfect hedge for the slowly eroding value of China's U.S. Treasury portfolio." Amos added, "After the U.S. elections revealed a country likely heading more towards a European economic model, the shift into gold should accelerate."

Over the weekend, ZeroHedge reported that Chinese gold imports from Hong Kong surged 30% to 69.7 metric tonnes in September. Year to date imports have reached "a whopping 582 tons of gold, more than the official holdings of India at 558 tons." China is considering issuing additional import licenses, which could further accelerate the countries voratious accumulation of gold. Xie Duo, general director of the financial market department of the PBoC, told a precious metals industry conference in Hong Kong that they would "further open up the market and quicken the steps to integrate into the international market."

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 Slips in Thin Holiday Trade