Kitco News
Metals weaken as front-end yields, Hormuz risk offset softer dollar - Kitco PM Report -
(Kitco NewsWire) - Spot gold prices were lower and spot silver prices were sharply lower in late U.S. trading Tuesday, as traders cut exposure ahead of Wednesday’s U.S. inflation report while front-end Treasury yields and December Federal Reserve rate-hike risk remained firm.
Silver’s industrial demand, mining dynamics and free float mean price rally might not impact supply until it overwhelms it – Sprott’s Zhu -
(Kitco News) – Silver has key differentiators that insulate the impacts of the price action from the underlying supply and demand dynamics – but when investors do pile into silver, the grey metal’s constrained physical supply means the market can go parabolic in a way that gold is unlikely to ever do, according to Kenny Zhu, Director of Research and Investment Strategy at Sprott.
Silver prices could be headed back to $50 - Bloomberg’s McGlone -
(Kitco News) - Silver prices could remain under pressure for years as the precious metal struggles to recover from its historic rally, and one market strategist warns that prices could fall back to $50 an ounce in the near term before finding meaningful support.
‘Single-asset portfolio’: Kazakhstan plans gold sales as holdings reach 78% of reserves -
(Kitco News) –Kazakhstan's central bank has announced plans to rebalance its reserves by selling off some of its massive gold reserves, flipping one of the world’s leading buyers into a big seller for the remainder of 2026.Aliya Moldabekova, Deputy Governor of the National Bank of Kazakhstan, explained in a recent interview that the current multi-decade highs in Treasury yields make dollar asse...
Gold price holding steady as U.S. existing home sales rise 1.5% -
(Kitco News) - The gold market continues to hold its own, trading in relatively neutral territory even as positive U.S. housing market data reduces safe-haven demand for the precious metal.
Gold firms as dollar, yields and oil retreat before CPI - Kitco AM Report -
(Kitco NewsWire) – Spot gold prices are firmer and spot silver prices are near steady in early U.S. trading Tuesday, as a softer U.S. dollar, lower Treasury yields and a pullback in oil prices supported metals ahead of Wednesday’s U.S. inflation report.
Gold, silver soften as markets price in December Fed hike risk - Kitco PM Report -
(Kitco NewsWire) - Spot gold and silver prices were lower after the close Monday as a firmer U.S. dollar, renewed oil strength and elevated Treasury-yield risk offset safe-haven demand tied to the Strait of Hormuz and the U.S.-Iran conflict.
Gold defies multi-decade high bond yields, but Q4 headwinds remain – Invesco -
(Kitco News) - The gold market continues to face significant headwinds from persistent inflation, rising interest rates and higher bond yields; however, the precious metal has demonstrated remarkable resilience, ending the third quarter with solid gains even as U.S. Treasury yields climbed to multi-decade highs.
Gold price needs a dovish Fed or renewed debasement fears to reverse its downtrend – Bank of America -
(Kitco News) - Investment demand in gold-backed exchange-traded funds has been resilient in the face of persistent inflation, higher bond yields and a stronger U.S. dollar
Gold ETF demand defies rising bond yields as investors pour $31 billion into record third quarter – WGC -
(Kitco News) - Gold faces headwinds as persistent inflation pressures support higher interest rates, driving bond yields and the U.S. dollar higher.
Zero Hedge
Can Elon Musk Rescue Republicans In November? -
Can Elon Musk Rescue Republicans In November?
Elon Musk has given more than $276 million to Republican groups and his own America PAC since July, making him the largest known donor of the 2026 midterm elections, according to figures provided to The New York Times ahead of Thursday's federal filing deadline.
The spending marks a reversal from May 2025, when Musk said, "In terms o...
Tourist Hotspot Mauritius Rocked By Worst Riots Since 1999 -
Tourist Hotspot Mauritius Rocked By Worst Riots Since 1999
'Tis the season to riot?
Mauritius, the island nation in the Indian Ocean east of Madagascar and off Africa's southeastern coast, is experiencing what Bloomberg describes as the worst riots in three decades amid an affordability crisis.
"This time again, as in 1999, the police are the main target," Jocelyn Chan Low, a po...
Zelensky Confirms Second Night Of No Early Strike Warning From Partners -
Zelensky Confirms Second Night Of No Early Strike Warning From Partners
Update(1715ET): Zelensky has taken to X to announce a second night of heavy Russian airstrikes, but without the early warning from Western allies that his government had previously been afforded.
Ballistic missiles are rocking the capital overnight. At around or shortly before midnight Zelensky announced a new...
Supreme Court To Consider Government's Power To Deport Terrorist Supporters -
Supreme Court To Consider Government's Power To Deport Terrorist Supporters
Authored by Zachary Stieber via The Epoch Times,
Supreme Court justices will weigh arguments in a case involving a Nigerian man whom an immigration judge concluded materially supported a terrorist group by working as a cook.
Justices on Oct. 13 said they granted a petition for review from the Department...
OpenAI Says Employee Planted "Sophisticated" Recording Device In Office; FBI Arrests Saudi National -
OpenAI Says Employee Planted "Sophisticated" Recording Device In Office; FBI Arrests Saudi National
OpenAI said Tuesday that it found a hidden recording device in one of its offices, used its own AI models to work out who put it there, fired the employee and handed the matter to the FBI, which made an arrest.
The company posted the account on X from its newsroom handle:
"We disc...
Saudi Aramco Headquarters In Dhahran Struck By Houthi Missile -
Saudi Aramco Headquarters In Dhahran Struck By Houthi Missile
Update(1629ET): Saudi Aramco facilities are once again under Houthi attack, with reports saying the kingdom is busy trying to intercept inbound ballistic missiles. Tuesday night saw several eyewitnesses report loud booms near the headquarters of Saudi Arabia's state-owned oil company in Dhahran. However, Aramco has not i...
So, Where Was Waldo? -
So, Where Was Waldo?
Authored by James Howard Kunstler via Clusterfuck Nation,
"Wait a second. I assumed Democrats were getting ALL their candidates from mental institutions."
- Margot Cleveland
Let's just say you were running for a US Senate seat in one of our country's biggest states. . . and it was roughly one month to election day. . . and, goshdarnit, you caught the flu....
Israel Imposes 'Muslim Ban' For Pilots & Crew In Wake Of FlyDubai Hijacking -
Israel Imposes 'Muslim Ban' For Pilots & Crew In Wake Of FlyDubai Hijacking
After the Sept.30th FlyDubai attempted terror hijacking, Israel is enforcing what's effectively a 'Muslim ban' on all pilots and cabin crew flying passengers to Israel. While the order does not specifically invoke religion, it targets and forbids pilots and crew who have nationalities of countries that don'...
Big Tech Pushes Back On Paying For A Grid That Was Crumbling Long Before AI -
Big Tech Pushes Back On Paying For A Grid That Was Crumbling Long Before AI
When Big Tech signed President Trump's Ratepayer Protection Pledge in March, promising to pay for all the new grid infrastructure upgrades required to service their data centers, we cautioned that "voluntary pledges from trillion-dollar tech giants have a habit of evolving."
Seven months later, the hypersc...
FTC Seeks To Hold Martin Shkreli In Contempt For Allegedly Violating Lifetime Pharmaceutical Industry Ban -
FTC Seeks To Hold Martin Shkreli In Contempt For Allegedly Violating Lifetime Pharmaceutical Industry Ban
Federal regulators are seeking to hold Martin Shkreli in contempt of court, accusing the controversial former pharmaceutical executive of repeatedly violating a lifetime ban on participating in the drug industry.
The Federal Trade Commission, joined by seven states, filed a mo...
MarketWatch - Top Stories
Chip stocks suffer worst stretch in 16 months as AI fatigue grips the market -
Anticipation is building for Anthropic’s investor day, as Wall Street grows less patient with heavy AI spending.
‘I am a pretty cautious person’: My financial adviser wants me to invest $350,000 in a UAE data center. Is this risky? -
“I like my life, but I also like the idea of a big return after years of putting money into my 401(k).”
The SpaceX threat could loom over AT&T’s stock for a prolonged stretch, analyst cautions -
Bernstein analyst Laurent Yoon no longer recommends any of the major telecommunications stocks as he warns of more volatility ahead.
Six Flags’ stock slumps near 17-year low after fatal incident -
A fatal accident on a Six Flags Entertainment roller coaster sent shares of the amusement-park operator tumbling.
AST SpaceMobile’s stock is feeling the heat from SpaceX’s wireless plans -
AST’s commercial rollout could face delays due to satellite-launch challenges and SpaceX’s growing ambitions, an analyst warns.
My wife says we can’t afford to retire, yet she wants to take an $8,000 trip to Italy. We have $4 million. Do I keep working? -
“I worry about healthcare, long-term care, inflation, a long bear market and living to 95.”
UnitedHealth keeps medical costs under control — and raises its outlook again -
The health-insurance giant said its medical-cost ratio was 88.4% in the third quarter of this year, as the company tries to rein in spending on medical care.
Was Broadcom CEO bullish or bearish on AI? ‘Gamblers’ comment creates storm. -
The comments made by Broadcom’s CEO at a conference in Singapore have been cited as a reason for microchip stocks’ slumps on both Monday and Tuesday.
Micron’s stock extends declines as China competition heats up -
Even Elon Musk says Chinese memory-chip makers are catching up.
My sister moved in with our mother, 78, and now says she deserves the $925,000 family home. Is she right? -
“The house is worth $925,000 and mom owns it outright. She also has $480,000 in investments.”
CNBC Top News
CNBC Economy
GATA
DRCongo to demand franc payments, not dollars, to boost currency, investment -
By Michael J. KavanaghBloomberg NewsMonday, October 12, 2026
Democratic Republic of Congo’s central bank will soon require a range of payments to be made in francs instead of dollars -- including to mining subcontractors -- to strengthen the local currency and encourage domestic investment, Governor Andre Wameso said.
Miners, who are already required to repatriate 60% of their export revenues t...
Even CNBC gets it now: How China's gold-buying spree helps the yuan go global -
How a Gold-Buying Sppree Helps the Yuan Go Global
By Evelyn ChengCNBC, New YorkMonday, October 12, 2026
China's decades-long push for yuan internationalization is getting a lift from the buildout of Hong Kong as a gold trading center -- denominated in the Chinese currency.
"As those trading volumes grow, there would be a growing volume of the physical gold trade that is denominated in RMB and n...
The game changer in Hong Kong's gold ambition is to serve as Shenzhen's jewelry hub -
By Chow Chung-yanSouth China Morning Post, Hong KongMonday, October 12, 2026
https://www.scmp.com/opinion/hong-kong-opinion/article/3370195/game-changer-hong-kongs-gold-ambition-shenzhens-jewellery-hub
Hong Kong's ambition to become an international gold trading centre rests not only on serving the nation's financial needs, but also on China's booming consumer market for gold.
As the world's la...
GATA still needs your help and now accepts credit card donations -
11:36a ET Monday, October 12, 2026
Dear Friend of GATA and Gold:
People increasingly dislike the chore of writing checks and sending them through surface mail, so GATA now is able to accept donations by credit card.
This service is provided to GATA by a Montreal-based company called Zeffy, which assists nonprofit organizations like GATA for free, allowing them to receive 100% of the donations m...
Ethiopia launches first gold refinery -
By Dawit EndeshawReutersMonday, October 12, 2026
ADDIS ABABA -- Ethiopia has launched its first gold refinery, a $50 million joint venture aimed at turning the East African nation into a regional processing hub for precious metals, Prime Minister Abiy Ahmed said over the weekend.
Gold exports are one of Ethiopia's main sources of foreign exchange, earning the country $5.6 billion last ye...
Wolf Street
Legal Tender News
Legal Tender Forces Gold Out -
The government has many ways of forcing us to use their paper dollar as money. The tax on capital gains on gold (I wrote about this here) is one bullet in their gun. The legal tender law—U.S. Code ...
These Countries May Be Next To Accept Bitcoin as Legal Tender -
One of the main knocks against cryptocurrency has always been that it will never gain universal adoption, meaning its usefulness will always be limited. This perhaps changed forever on September 7, ...
Legal Tender -
Legal tender is a medium of payment recognized by a legal system to be valid for meeting a financial obligation. Paper currency and coins are common forms of legal tender in many countries. Legal ...
This Day In Market History: Legal Tender Act Of 1862 -
What Happened? On this day in 1862, U.S. President Abraham Lincoln signed the Legal Tender Act into law. Where The Market Was: The Legal Tender Act predates both the S&P 500 and the Dow Jones ...
What Is Considered Legal Tender in the US? -
"Legal tender" means that the financial instrument in question legally serves to pay any public or private debt. Federal law guarantees its printed value regardless of its intrinsic convertible value, ...
CoinDesk
BNY, Citadel Securities test tokenized U.S. Treasuries to speed up Wall Street financing -
The transaction shows how blockchain-based government bonds could help trading firms move collateral faster between settlement and financing.
Crypto exchange MNX takes on OKX, Bitget offering pre-IPO futures for AI giants -
MNX is offering a different way to trade the future valuations of private AI companies, including OpenAI, Anthropic and DeepSeek.
UK crypto trader says almost $800,000 lost in knife assault as wrench attacks proliferate -
A crypto trader in the U.K. claimed masked intruders stole nearly $800,000 in cryptocurrency at knifepoint, furthering concerns of "wrench attacks" spreading in the country.
South Korea blocks 27 crypto exchanges, including Bitmart and Kucoin -
The country’s regulators are stepping up their earlier restrictions on mobile apps to websites, targeting unregistered exchanges before investors report losses.
Federated Hermes joins Wall Street's tokenization push with plans for first onchain fund shares -
The $911 billion Pittsburgh-based asset manager is teaming up with Prometheum to bring blockchain-based share classes of its funds to traditional brokerage accounts.
Stacks' STX, a Bitcoin layer-2 token, has surged by 50% in four weeks -
Your day-ahead look for Oct. 13, 2026
Bitcoin, ether slip and rebound as South Korean stocks slide on AI-related concerns -
Investors are positioning ahead of today's bank earnings reports and Wednesday’s U.S. inflation data.
Russia’s largest bank Sberbank secures approval to trade crypto -
Sberbank plans to open crypto trading to all clients Dec. 1 and is already testing BTC, ETH and USDT trades in its app.
Live updates: Bitcoin trading in tight range near $83,000 ahead of key U.S. inflation data -
The September CPI report comes out on Wednesday, with economists expecting a sizable increase in the headline number but a softening in the core rate.
Bitcoin diverges from South Korean stocks as AI concerns deepen the Kospi selloff -
South Korea’s chipmakers lead another sharp selloff as concerns over AI spending and Chinese competition grow, while bitcoin holds well above its summer lows.
bitcoin.com
Ethereum NFT Marketplace Blur to Shutter After Trading Volume Vanishes -
Once the largest Ethereum NFT marketplace around, Blur said this week that it will shut off its frontend in November, concluding its run as recent trading volume sat at a fraction of its previous peaks. Blur’s Impending Demise Follows Domination Blur’s “frontend will be deprecated on Nov. 12, 2026,” according to a Monday post on […]
Ripple Teams With Stripe-Owned Privy to Bring Wallet Tech to XRP Ledger -
Ripple has partnered with cryptocurrency wallet infrastructure provider Privy to expand payment capabilities on the XRP Ledger (XRPL), giving developers new tools to build stablecoin applications and automated financial transactions powered by AI. XRPL Gets Privy to Stripe’s Wallet Tech The collaboration, announced Tuesday by Privy, will allow developers to create and manage XRPL wallets […]
Bitcoin Price Defends $81.5K ETF Cost Basis Despite Rising Outflows -
Bitcoin has twice defended the roughly $81,500 cost basis of U.S. spot ETF investors, even after $681 million in net ETF outflows last week and another $65 million shed on Monday. Glassnode Flags $77.5K if Bitcoin Loses ETF Cost Basis Bitcoin is testing whether institutional ownership has permanently changed the character of its market. The […]
Ledger Spy Implant Scandal Prompts Mediamarkt Sales Freeze -
On Oct. 13, the hardware wallet manufacturer Ledger revealed new details about how criminals tampered with its hardware wallets and potentially stole customers’ cryptocurrency. The firm also noted that major European electronics retailer Mediamarkt Saturn has temporarily stopped selling Ledger devices. Ledger Investigation Uncovers Hidden Device That Steals Recovery Phrases Ledger has been deal...
Dow Jones Indices, DRW and Marex Bring Wall Street Swaps to Canton -
S&P Dow Jones Indices, Kaiko, and Derivnex have completed what they describe as the first privately negotiated financial swap on Canton Network, a blockchain designed for large financial institutions. Trading firms DRW and Marex carried out the transaction using a bond index that Kaiko had converted into a digital token. Wall Street Derivatives Meet Blockchain […]
Reason
No Immunity for Judge Who Locked Children in Holding Cells in Custody Case -
From Rockett v. Eighmy, decided today by Eighth Circuit Judge David Stras, joined by Judges Bobby Shepherd and Jane Kelly:…
The post No Immunity for Judge Who Locked Children in Holding Cells in Custody Case appeared first on Reason Magazine.
Will Pennsylvania's Vape Ban Create More Cigarette Smokers? -
Starting next week, retailers will face steep fines for selling unapproved e-cigarettes, potentially pushing consumers back toward smoking or into illicit markets.
The Shane Gillis SNL Backlash Is Really Stupid -
"It's complacency that has created the environment in which women are sexually assaulted," said Dan Levy.
Submit Your Articles to the Journal of Free Speech Law, Before You Circulate Them to the Law Reviews -
We'll give you an answer within 14 days, and we can publish them within a few months, if you'd like.
Trump Fired Kimberly Guilfoyle for Influence Peddling That Pales Next to His Presidential Profiteering -
If the former ambassador tried to use her office for personal gain, she was only imitating her boss.
Interesting Criminal Case on Proving Intent to Cause Fear, Stemming from Confrontation at Protest -
From State v. Elavsky, decided yesterday by Minnesota Court of Appeals Judge Kevin Ross, joined by Judge Elise Larson: Neil…
The post Interesting Criminal Case on Proving Intent to Cause Fear, Stemming from Confrontation at Protest appeared first on Reason Magazine.
Code Games 2.0 -
The Trump administration begins the implementation of manufactured housing deregulation.
No, Giving Immigrants Research Jobs Is Not Fraud -
J.D. Vance says he's probing universities for visa fraud, but the investigation is really about protectionism.
Claiming Video Was "Deepfake" Not Enough to Require Excluding It, Even Absent Evidence of Who Recorded It -
"Apart from trying to cash in on the so-called 'liar's dividend,' Amyda's counsel had little to work with."
An Illinois College Tried To Cancel Its Flock Contract. Flock Refused. -
Elgin Community College even tied garbage bags over the cameras, but Flock technicians just cut them down.
Tenth Amendment Center
Lost Cause: The Federal Government will Never Limit Itself -
Going to the federal government to convince the federal government to limit its own power? That’s not just dumb strategy and a lost cause. It’s dangerous to the Constitution and liberty. On this episode, it’s James Madison’s blueprint for beating the feds without relying on the feds to magically limit their own power. Plus the right to keep and bear arms as the ultimate safeguard for freedom.
T...
The Word “Emergency” Doesn’t Exist in the Constitution. That’s no Accident. -
That means the rules of the constitution apply whether someone calls it an “emergency” or not. On this episode, it’s the founders’ long-forgotten warning about the oldest weapon in the book. Let politicians have extra power or funding because THEY declare an emergency? And you’ll get never-ending emergencies.
The post The Word “Emergency” Doesn’t Exist in the Constitution. That’s no Accident. a...
The ONLY Cure for a Corrupted Republic -
Removing the corruption and restoring its lost principles is what Montesquieu said is the only path forward. Everything else is doomed to failure: “every other correction,” he warned, ”is either useless or a new evil.” On this episode, it’s the top-6 principles that built American independence. Forgotten and ignored for generations, but only truly lost if “We the People” refuse to bring them ba...
Electronic Frontier Foundation
As Federal Court Rules ALPRs are Mass Surveillance, EFF Gets Disappointing Ruling -
In an extremely disappointing ruling, a California trial court dismissed SIREN v. San Jose, our case challenging the city of San Jose’s warrantless searches of its vast stores of automated license plate reader (ALPR) data. EFF and the ACLU of Northern California represent SIREN and CAIR California, two non-profits that serve San Jose residents, in this case.
Make no mistake: We believe this rul...
Privacy's Defenders Podcast: No Privacy Without Encryption -
When we communicate online today – from your personal emails and DMs to secure international commerce – we usually do so with encryption. Encryption converts readable data into unreadable gibberish to protect our privacy and security. This didn’t just happen organically. Three decades ago, the U.S government treated encryption like a weapon, and it took some unlikely heroes to set it free: a gr...
Resisting the Menace of Federal Data Consolidation -
In the past two years, the federal government has unlawfully consolidated data exposing our private information.
This consolidation has been chaotic but generally came in three rolling waves: It started with DOGE, moved to agency-to-agency data sharing with ICE, and then attempted data-driven purges of state voter rolls.
We all deserve to live in a world where the data we use to pay our taxes,...
The Institute For Justice - Press Releases
Second Amendment Foundation
TAURUS RENEWS PLATINUM-LEVEL CORPORATE PARTNERSHIP -
BELLEVUE, Wash. — April 24, 2025 — The Second Amendment Foundation (SAF) is pleased to announce that Taurus Holdings Inc. has renewed their commitment to the organization as a Platinum-level corporate partner. “At Taurus, we believe that the right to keep and bear arms is fundamental to the American way of life,” said Taurus USA
The post TAURUS RENEWS PLATINUM-LEVEL CORPORATE PARTNERSHIP appear...
CA NON-RESIDENTS CAN APPLY FOR CARRY PERMIT STARTING APRIL 22 -
BELLEVUE, Wash. — April 22, 2025 — Thanks to a preliminary injunction in the Second Amendment Foundation’s (SAF) case CRPA v. LASD, starting Tuesday, April 22, non-resident SAF members can apply for a California carry permit. The injunction requires that California accept permit applications from any United States resident outside the state who is a
The post CA NON-RESIDENTS CAN APPLY FOR CARR...
SCOTUS DENIES CERT IN WORTH, SAF WIN IN EIGHTH CIRCUIT STANDS -
BELLEVUE, Wash. — April 21, 2025 — In a case that could potentially have far-reaching implications for similar lawsuits across the nation, the U.S. Supreme Court has denied Minnesota’s Petition for Writ of Certiorari in Jacobson v. Worth, the Second Amendment Foundation’s (SAF) challenge to the 18-20-year-old carry ban in the state. Minnesota asked the
The post SCOTUS DENIES CERT IN WORTH, SAF ...
Gun Owners of America
This Week in Gun Rights -
THIS WEEK IN THE FIGHT Here’s what you may have missed this week in the fight for the Second Amendment… This week, ATF confirmed that guidance is incoming on GOA’s historic victory against the registration requirements of the National Firearms Act… Also, ATF confirmed to Congress that they have more than 1.4 billion records in their illegal registry of guns … Read more
GOA Sues City of Jacksonville, Florida Over Illegal Gun-Free Zones -
FOR IMMEDIATE RELEASE September 29, 2026 Jacksonville, FL — Gun Owners of America (GOA), Gun Owners Foundation (GOF), Florida Carry, and individual plaintiffs have filed a lawsuit challenging firearm restrictions enforced at City-owned venues across Jacksonville. The suit (Case No. 16-2026-CA-006676-AXXX-MA) names the City of Jacksonville, Sheriff T.K. Waters, and Mayor Donna Deegan—and chall...
President Trump Just Killed DOJ’s Appeal -
PRESIDENT TRUMP TOLD DOJ: DON’T APPEAL GOA’S WIN! Thank you to President Trump for supporting the Second Amendment! President Trump personally ordered the Justice Department not to appeal our NFA victory. The deadline to file would have been October 5th. But, ATF still hasn’t issued guidance for FFLs and gun owners on how to proceed after the win. GOA has … Read more
Banking Dive
American Banker
Bank of International Settlements
Federal Reserve - Press Releases
Minutes of the Board's discount rate meetings on August 17, September 9, and September 16, 2026 -
Minutes of the Board's discount rate meetings on August 17, September 9, and September 16, 2026
Federal Reserve Board releases results of the 2025 Survey of Consumer Finances, which provides the public and policymakers with detailed insights into the economic condition of American families -
Federal Reserve Board releases results of the 2025 Survey of Consumer Finances, which provides the public and policymakers with detailed insights into the economic condition of American families
Federal Reserve Board announces enforcement action against American Express Company to address, among other things, the firm’s failure to sufficiently detect and report certain suspicious activity ... -
Federal Reserve Board announces enforcement action against American Express Company to address, among other things, the firm’s failure to sufficiently detect and report certain suspicious activity related to money laundering
FDIC - Press Releases