Markets’ Rational Complacency – Nouriel Roubini

NEW YORK – An increasingly obvious paradox has emerged in global financial markets this year. Though geopolitical risks – the Russia-Ukraine conflict, the rise of the Islamic State and growing turmoil across the Middle East, China’s territorial disputes with its neighbors, and now mass protests in Hong Kong and the risk of a crackdown – have multiplied, markets have remained buoyant, if not downright bubbly.

Gold Sinks to 9-Month Low Amid Bearish “Outside Market” Forces

Gold prices ended the U.S. day session lower and fell to a nine-month low Tuesday. The key “outside markets” were in a bearish posture for the precious metals, as the U.S. dollar index was higher and crude oil prices were sharply lower. Both gold and silver prices closed at technically very bearish monthly and quarterly low closes, on this last trading day of the month and of the third quarter. December Comex gold was last down $7.20 at $1,211.60 an ounce. Spot gold was last quoted down $4.10 at $1,211.50. December Comex silver last traded down $0.502 at $17.065 an ounce.

Swiss Gold Referendum Attracting Attention Two Months Ahead Of Vote

(Kitco News) – A referendum on Switzerland’s gold reserves is starting to attract some attention outside of the country as a yes vote would have significant implications for the gold market, said one market analyst.

Gold Market Awaits U.S. Jobs Data; Payrolls Growth Expected To Have Picked Up Again

Tuesday’s Forex Analytical Charts

Tuesday’s Analytical Charts for Gold, Silver and Platinum and Palladium

Fortuna Silver Lifts Resources, Reserves At San Jose Mine

Fortuna Silver Mines Inc. (TSX:FVI)(NYSE:FSM) increased silver reserves and resources at its wholly owned San Jose mine, located in Oaxaca, Mexico.

U.S. Consumer Confidence Falls To 86.0 In September

(Kitco News) – U.S. consumer confidence dropped in September after holding near a seven-year high for the last two months, the U.S. Consumer Board said Tuesday.

Chicago PMI Falls To 60.5 In September From 64.3 In August

The headline index for the Chicago Business Barometer, widely known as the Chicago Purchasing Managers Index, dropped by 3.8 points in September to a reading of 60.5.
In August, the index was 64.3. Despite the fall, the index reading of 60.5 is still considered “robust,” the Institute for Supply Management said.
Consensus estimates compiled by various news organizations called for the September headline index to come in between 59 to 65. The Chicago report tends to be watched closely as a sign of strength in the Midwestern manufacturing sector and as a possible precursor to the Institute for Supply Management’s PMI for the entire nation, which comes out one business day later and is scheduled for release on Wednesday.
Readings above 50 in such diffusion indexes are seen as a sign of economic growth, and vice-versa. The farther an indicator is above or below 50, the greater or smaller the rate of change.

Gold Sinks to 9-Month Low, Pressured by Surging U.S. Dollar

Gold prices are lower and fell to a nine-month low in early U.S. trading Tuesday. The yellow metal continues to be hamstrung by a powerful rally in the U.S. dollar and is now close to falling below major psychological support at the $1,200.00 level. D…