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UK lawmakers delay Brexit vote and force Boris Johnson to ask for deadline extension
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Johnson defiant after British parliament votes to force Brexit delay
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Summers Sees More Than 1-in-3 Chance of Recession by End of 2020
October 18, 2019

Shares sapped by poor China growth, dollar gets weekly mauling
October 18, 2019

Blenheim Capital Management, once the world’s largest commodities fund, to Close
October 18, 2019

European Central Bank members voice concern over its negative rate policy
October 18, 2019

China says its economy grew 6% in the third quarter, slower than expected
October 18, 2019

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Friday Edition: October 18, 2019

COT Gold, Silver and US Dollar Index Report - October 18, 2019
By: GoldSeek.com
COT Gold, Silver and US Dollar Index Report - October 18, 2019.

Gold Miners’ Profits to Soar
By: Adam Hamilton, CPA, Zeal Research
The bottom line is gold miners’ earnings are likely to soar in their imminent Q3’19 earnings season. Q3s traditionally see big sequential production surges, driving better profits. Mining costs are likely to contract on that, or remain flat at worst. This combined with much-higher prevailing gold prices after gold’s bull-breakout surge will supercharge gold-mining profits growth. That will greatly improve gold stocks’ image.

Speculators and investors alike will take notice of this sector’s best earnings reported in years. They will be much more willing to deploy capital in this small contrarian sector as this gold bull’s future uplegs march higher. Far-better gold-mining fundamentals will justify far-higher gold-stock prices in the coming years. Higher prevailing gold prices work wonders for the gold miners, as their Q3 earnings will prove yet again.

More Unanswered Questions
By: Ted Butler
It was, after all, a simple question that sparked my interest in silver from the start. Some 35 years ago, my now-departed friend and mentor, Israel Friedman, challenged me with a question that took me a year to answer. Actually, “challenged” is not the right word, either back then or today. Izzy simply asked a question to which he had no real answer of someone he thought might be able to answer. In a real sense, the question conveyed a degree of respect, in that Izzy only asked me because he thought I might have an answer. It is with that same degree of respect that I ask for answers to my own questions today.

Back then (1985), Izzy asked me why I thought silver was priced so cheaply (around $5/oz) in the face of universal awareness that the world was consuming more silver than was being produced (mining plus recycling); a deficit consumption pattern that had existed for more than 45 years to that point. Simply put, a deficit consumption pattern is the single most bullish condition possible for any commodity, yet silver appeared to be immune from the law of supply and demand.

Federal Reserve’s New QE Transfers Wealth to Its Owner Banks
By: Mike Gleason, Money Metals Exchange
There will one day likely be another great wealth transfer – from artificially overvalued financial assets to undervalued hard assets such as gold and silver.

If the Fed continues to damage its own credibility by saying one thing and doing another – growing its balance sheet QE style while insisting it’s not QE – investors may begin preferring the unassailable credibility of physical precious metals.

The Fed’s Money Printing Escalates
By: Dave Kranzler
Last week the Fed announced that it was going to start buying $60 billion in T-Bills per month at least into Q2 2020. The Fed will also rollover the proceeds as the T-Bill’s mature. The rationale was to address the decline in the “non-reserve” liabilities of the Fed. So what are “non-reserve” liabilities? Federal Reserve Notes.

Precious Metals Update Video: What's Next? Gold has a pause in trend
By: Ira Epstein
Gold trend turns up if it gets above $1,503. 18 day moving average also at $1,503 area, important resistance area to get above for the gold markets to turn into a more bullish bias:

Video Update

Temptations in Gold (video update)
By: Rick Ackerman, Rick's Picks
I like gold here, but I'd like it even more a somewhat lower levels. How much lower? Here are two charts to judge, including one in GLD for those of you who don't trade futures.