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Scottish retail sales decline in October	01:14 MoneyAM
Higher inflation creates risks for UK recovery, says BCC	01:14 MoneyAM
On a roll in economic snakes and ladders	01:13 Belfast Telegraph
Oct inflation data is a suprise: experts	01:11 The Business Standard
EUR/USD Stabilizes, Economy And Greece Woes Persist	01:10 ForexPros.com
Euro Spikes On Greek Aid Report	01:10 ForexPros.com
UK CPI Surges, All Ayes On BOE’s Inflation Report	01:10 ForexPros.com
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Confidence in outlook for China’s economy surges to three-year high among fund managers	01:09 finfacts.com
Forex: AUD/USD in session highs around 1.0450	01:09 FXstreet - Forex News
Forex Flash: EUR/USD demands caution - Commerzbank	01:09 FXstreet - Forex News
Forex Flash: Fed looks to clarify its stance – UBS	01:09 FXstreet - Forex News
'Disappointing to see investors preferring gold over equities'	01:08 The Economic Times - Markets
'Tis the season for biased economic data?	01:06 Ha'aretz - Business
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Austrian Economic mission arrives in Kyrgyzstan	01:04 24kg.org - Business
Weathering the Economic Storm: Retirement Plans in the United States, 2007-2012	01:04 Business Wire (Press Release)
University fees holding down rate of inflation	01:04 Belfast Telegraph
New data shows economy of People's Republic is improving	01:04 Belfast Telegraph
UK Inflation significantly higher	01:03 New Business
Euro breaks above 1. 27 dollars	01:01 AGI.it
Japan to downgrade economic assessment in November - sources	01:01 The West Australian - World
Expert views on October inflation data	01:01 The Business Standard
Serabi Gold plc : Serabi Gold plc : Interim Results for the 3 and...	01:00 InvestEgate (Company Announcements) - Company Announcements
Silver futures move up to Rs 61,159 per kg	01:00 The Hindu Business Line - News
Are storms 'good' for the economy?	01:00 Asia Times - Global Economy
15 to 30 minutes old www.usagold.com --LIVE NEWS--
France: Oct Inflation ex-tobacco (MoM) up 0.1%	00:59 FXstreet - Forex News
Forex: USD/CHF falls after French CPI	00:59 FXstreet - Forex News
Inflation warning after October jump	00:59 TheBusinessDesk.com
Inflation rise threatens to strangle recovery	00:58 MyFinances.co.uk - Savings
Rand Advances Most in a Week as Gold, Platinum Prices Increase	00:58 Bloomberg - Markets - Currencies
Gold futures up at Rs 32,133 per 10 grams	00:53 The Hindu Business Line - Markets
Salzgitter adds to warning signs for German economy	00:53 Reuters - Industry, Materials & Utilities
Forex: EUR/USD Trapped Between Greece And Fiscal Cliff; Still Bearish	00:50 SeekingAlpha - Macro View
Highland Gold Mining : Trading Statement	00:50 InvestEgate (Company Announcements) - Company Announcements
Daily Forex And Dow Jones Recommended Levels: November 14, 2012	00:50 ForexPros.com
FOREX-Yen falls as Japan PM Noda hints at early election	00:50 Reuters - Economy
Gold prices marginally up on strong global cues	00:49 The Times of India
Forex: GBP/USD declines from Pivot Point resistance	00:49 FXstreet - Forex News
SA rand firms on stronger euro	00:47 Moneyweb
Swiss franc near 10-week high as euro struggles	00:45 Business Recorder, Pakistan
30 minutes to 1 hour old www.usagold.com --LIVE NEWS--
Inflation slows down to 7.45 per cent in October	00:44 The Economic Times
Codelco’s 2013 copper output will top this year’s - CEO	00:43 Mineweb
Berlin worries about sluggish French economy	00:42 Deutsche Welle - Business
Tokyo Exchange closes bullish, Nikkei +0. 4%	00:41 AGI.it
Management Team Assembled To Advance World-Class Platinum Discovery	00:40 ForexPros.com
Caledonia Mining: Gold production from Blanket reaches all time high	00:39 Proactiveinvestors
Euro countries avert breakup, for now	00:39 IOL - Business
Inflation declines to 7.45% in October	00:36 Rediff.com - Business
Retail Sales Probably Fell as Sandy Kept U.S. Consumers Home	00:35 Bloomberg - Economy
India's Oct inflation slows to 7.45%. (...	00:35 Indian Express
October inflation slows to 7.45 percent	00:33 Deccan Herald - Business

>Gold Continues To Consolidate Post US Election Gains

by Peter A. Grant

Nov 13, AM
(from USAGOLD.com) --

Gold remains confined to a narrow range as it continues to consolidate the post-election gains seen last week. While there was a brief dip down to 1718.00 early in the session, the yellow metal snapped right back, suggesting there is buying interest below the market.

There was an interesting opinion piece on Reuters over the weekend that I posted earlier, suggesting that the real winner of the election was "inflation." It was a victory for "the forces of cheap money," stated author Matthew Stevenson.

Almost assuredly, "cheap money" is going to figure into any potential resolution to the 'fiscal cliff'. As Stevenson went on to point out, "The magic of inflation, before it turns everything to dust, is that it papers over a number of intractable financial problems." The 'fiscal cliff' certainly qualifies as on of the intractable problems, so the path of least resistance may once again prove to be inflation.

The biggest Treasury rally in 5-months is perhaps the harbinger of this reality. Falling Treasury yields, the price of money, have a tendency to weigh on the dollar. This is particularly true in negative real interest rate environments, where yields are below the rate of inflation. A weaker dollar in turn begets even more inflation.

The Fed has been pretty adamant that they will persist with their zero interest rate policy at least through mid-2015. It may well prove to be longer than that, especially if the solution to the fiscal cliff is another short-term kick of the can, rather than a true solution to the underlying fiscal issues.

We reported yesterday on the huge rebound in Chinese gold imports from Hong Kong in October; +30% to 69.7 tonnes. The following chart from Casey Research pretty clearly illustrates the voracious surge in China's demand for gold in recent years.

The primary driver for Chinese gold demand is reserve diversification. They're scaling back on their dollar exposure because they are worried about a cheapening greenback as well.

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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 Continues To Consolidate Post US Election Gains