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

“It’s Cheaper To Buy Exploration Than To Do It Yourself” – Morgans

Australian-based wealth-management firm Morgans says with the fall in equity valuations in the mining sector, acquisitions are looking more attractive.

U.S. Consumer Confidence Rises To 94.5 In October, Rebounds From September Weakness

(Kitco News) – U.S. consumer confidences rose in October, reversing the weakness seen in September, according to data from the U.S. Conference Board.

Freeport 3Q Earnings Decline On Weaker Prices; Gold Output Tops Forecast

Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) Tuesday reported third-quarter net income of $552 million, or 53 cents per share, down from $821 million, or 79 cents, in the same quarter a year ago.

Updated: Gold Sees Corrective Bounce Following Weaker U.S. Data

(Kitco News) – Gold prices are modestly higher in early U.S. trading Tuesday, receiving a boost following a weaker-than-expected U.S. economic report.

U.S. Durable Goods Orders Fall 1.3% In September

(Kitco News) – The U.S. economy lost more momentum in September, adding to August’s significant declines, as the Department of Commerce reported an drop in durable goods orders on Tuesday.

Switzerland Gold Referendum A Healthy Conversation – Ron Paul

Although it is unlikely Switzerland’s gold referendum will pass, one U.S. politician said the country is embarking on a “healthy conversation” regarding the role of its national bank.

Swiss Gold Initiative Faces Tough Hurdles Despite Positive Early Polls

Some analysts continue to dismiss a fast-approaching Swiss referendum on gold reserves, despite two recent polls showing nominal support for the initiative.

Gold Ends Slightly Lower; Focus Turns to FOMC

Gold prices ended the U.S. day session slightly down in quieter trading Monday. No major, unsettling news developments occurred over the weekend, which limited buying interest in safe-haven gold. A weaker U.S. dollar index on this day did keep the gold sellers from getting too aggressive. Traders and investors are now awaiting this week’s FOMC meeting. December Comex gold was last down $2.40 at $1,229.40 an ounce. Spot gold was last quoted down $1.80 at $1,229.60. December Comex silver last traded down $0.022 at $17.16 an ounce.

FDA Warns Against Online ‘Fraudulent’ Silver Ebola Cures

(Kitco News) – Ebola has reached New York City, and although there seems to be many questionable cures circling the internet – some of which include silver – there are currently no government-approved treatments for the virus.