Gold, silver retreat as high core CPI lifts December Fed hike odds Spot #gold# and #silver# prices were sharply lower in early U.S. trading Tuesday, pressured by stronger-than-expected U.S. inflation data that reinforced expectations for another Federal Reserve interest rate increase in December. Both headline and core consumer prices rose more than economists had forecast in October, sending Treasury yields higher and adding to pressure on precious metals following Monday's rally. Spot gold was trading near $4,055.30 an ounce, down $84.10, or 2.03%, while spot silver was trading near $51.700, down $1.600, or 3.01%.

Gold chuffed, stocks stuffed (Kitco Commentary by Mark Mead Baillie) - Last Monday’s Prescient Commentary opened with: “November kicks off a busy week of StateSide elections’ results, employment data and earnings.” Now in hindsight, “busy” was an understatement; rather, the better adjective would have been “frenetic”. For #Gold# intra-week got chuffed in rising low-to-high by +6.9% whereas the S&P 500 got stuffed in falling high-to-low by -4.7%, the “Combination of the Two” [Big Brother and the Holding Company, ’68] a most pleasing “pas de deux” one has to say, given the undervaluation of Gold and overvaluation of the S&P.

Gold Rallies on Democratic Sweep, but Can It Last? On November 4th, the US midterm elections gave Democrats a majority in both the House and the Senate. That same day, #gold# futures rallied $135, or 3.35%. It was the largest single-day advance since gold fell to 13-month lows and broke below $4,000 for the first time since it closed above that level in late September 2025. With the Fed still expected to raise rates next month, can this political shift pull gold out of a multi-month correction and convince traders to pivot from bearish to bullish sentiment? That is the question we will try to answer today. Commentary by @garyswagner and Joseph Wagner

Bitcoin closed green, but it's still below TBO support at $76,388.88 and approaching the rising cloud bottom. A bullish RSI reset and bullish divergence support my dip-buy thesis, even while on-balance volume shows sellers in control. I'm watching $81,000 and potentially $87,000 as rebound scenarios, not confirmed targets. Ethereum remains strongly bearish below its cloud, but its rising slow line makes this look like a countertrend drawdown within a macro bullish trend. 📈 Kalshi Perpetuals Trade Kalshi Perpetuals: I’m an independent Kalshi affiliate and may earn a commission. Perpetuals trading carries a high risk of loss; availability and eligibility may vary. Combined stablecoin dominance has touched its weekly fast line after a close-long signal; I'm looking for a retreat toward 8.95% support. Small-cap dominance is improving, but BTC dominance's four-hour breakout means altcoin rotation isn't confirmed. DXY's return inside the cloud and falling VIX and MOVE support my recovery outlook. S&P futures still need to reclaim the daily cloud: its tightening TBO squeeze warns of an explosive move, not a guaranteed direction. Gold is outperforming Bitcoin for now, while the gold/BTC weekly fast-line test could offer a rotation opportunity. AVAX and ARB are showing recovery signals, PEPE remains strong bullish, and PIEVERSE is extended after its surge. XMR's return into the cloud illustrates why I use TBO Pro to distinguish strength from an overstretched trend. IONQ's bounce is a reminder to take partial profits at the fast and slow lines rather than round-trip a recovery. INTC and MRVL have bullish RSI resets, but a V-shaped recovery isn't assured. QUBIC has lost TBO support, PONS remains strongly bearish, and AAVE still needs to reclaim its fast line. Buying an oversold chart doesn't remove the need for confirmation, profit targets and risk management. CHAPTER MARKERS 00:00 Bitcoin Support and Bullish RSI Divergence 02:08 Ethereum's Countertrend Drawdown 03:22 BTC Dominance and Altcoin Rotation 04:27 Stablecoin Dominance and Altcoin Market Caps 09:18 DXY Pullback and EUR/USD Recovery 11:23 S&P Futures: TBO Squeeze and Recovery Levels 15:55 VIX and MOVE: Volatility Exhaustion 20:03 IWM, NVDA, TSLA and SPCX Bounces 23:30 Oil, Gold, Silver, Platinum and Copper 26:43 Gold Versus Bitcoin Rotation Signals 28:00 Free Resources, Trading Journal and Kalshi 32:15 AVAX, PEPE, ARB and PIEVERSE 35:19 USELESS, BEAM and XMR Trend Strength 37:15 PI, CC, HBAR, STABLE and FLOKI 39:31 RKLB, IONQ and MU: Plan Your Profits 42:52 AIOZ, FET, LTC, NIGHT and ONDO 44:21 QUBIC, STRK, VIRTUAL, ZEC and ZIG 45:51 AMZN, BN, CIBR and DRUP 47:58 E3B, EOAN, INTC and ENRG 50:18 GSK, LSX, MRVL, PAVE and S0LR 51:57 UMDV and Visa: Trend Exhaustion Risk 52:57 COHR, CRDO and VRT Bounce Setups 55:12 PONS, PEARL, ORCA and AAVE 57:01 GATO and Meme-Coin Risk 58:04 Using the Better Traders Journal

Brunswick Exploration Reports Major Lithium Discovery in Quebec | Killian Charles Brunswick Exploration is advancing a major lithium discovery at its Anatacau Main project in Quebec's James Bay region after reporting 302 meters grading 1.73% #lithium# oxide, including 142 meters at 1.97%. CEO Killian Charles says the company has increased its proposed financing from C$11 million to C$20 million to support further exploration. Speaking with Kitco Mining's Ernest Hoffman at XPLOR 2026 in Montreal, Charles discusses the significance of the discovery, located approximately 20 kilometers from Rio Tinto's Galaxy project. He said, “We believe we've made a significant discovery, and that's putting it lightly.” Special thanks to our sponsor, @RDSMining.

Why gold miners rose on gold's down day (Kitco Commentary by Przemyslaw Radomski) - At the moment of writing these words, the GDXJ, the ETF for junior mining stocks, trades near $111.70, after touching $112.81 earlier today, and December gold futures trade near $4,125. The miners are rising sharply for the second session in a row, and on Friday, they rose 2.8 percent even though #gold# fell $38.60 after a strong jobs report.

Gold reclaims long-term support. Silver challenges its triangle. What's next? (Kitco Commentary by Anna Radomska) - Precious metals buyers have finally given us some interesting reasons for optimism! After several difficult weeks, last Friday brought important changes to the technical picture. #Gold# reclaimed a long-term rising support line and delivered a weekly bullish engulfing pattern. #Silver# also achieved something meaningful, recovering above a previously broken triangle boundary after defending an important Fibonacci support level. Monday's buyers are trying to build on those successes, but there's an important question: ...

October CPI likely in line, but ‘we think another hike will be warranted in December’ – Natixis’ Hodge Tuesday morning’s consumer price index report for October will likely show price pressures moderating in line with economists’ expectations, but while there is little evidence that U.S. inflation is reaccelerating, the road back to the Fed’s target looks to be a bumpy one, according to Christopher Hodge, Head Economist for the U.S. at Natixis.

'When There’s Blood in the Water' Mining Finance Gets Harder | Nicole Adshead-Bell #Copper# development is getting more expensive just as the market needs new supply. Nicole Adshead-Bell, Director of Cupel Advisory, joins Kitco Mining’s Digging Deep with Paul Harris to examine Freeport-McMoRan’s $4.5 billion Bagdad expansion, a further $144 million investment at Resolution Copper, and mounting production, cost, and governance problems at Codelco in Chile.

Gold, silver advance as dollar weakens, Fed rate expectations face inflation test Spot #gold# and #silverprices# were sharply higher in late U.S. trading Monday, supported by a weaker U.S. dollar and a steep decline in crude oil prices as investors responded to renewed hopes for a diplomatic resolution to the U.S.-Iran conflict. The retreat in energy prices eased some inflation concerns ahead of Tuesday's U.S. consumer price index report, although Friday's stronger-than-expected employment figures continued to support expectations for another Federal Reserve interest rate increase in December. A broad recovery in North American and European equity markets also reflected improving investor sentiment following last week's technology-led selloff. Spot gold was trading near $4,140.40 an ounce, up $69.40, or 1.70%, while spot #silver# was trading near $53.320, up $1.350, or 2.60%.

Bitcoin just flashed a 2-week sell signal while gold and silver rally. Here's how I'm positioned (Kitco Commentary by Cassius Cuvée) - Bitcoin slipped below $75,000 even as tech stocks bounced, and its higher-timeframe momentum just turned red. Meanwhile, my gold and silver longs keep getting stronger. #Bitcoin# dipped below $75,000 Sunday and is trading around $74,500, with no sign of bullishness at the moment. That alone isn't a big deal. What matters is what's happening today: the Nasdaq 100 is up over 3%. Bitcoin usually moves with tech stocks. When tech bounces and Bitcoin still goes down, that's weakness. @CassiusCuvee

First Mining Gold Targets 2028 Build Decision for Springpole | James Maxwell First Mining Gold @FirstMining is targeting a potential construction decision in 2028 for its Springpole gold project in Ontario, while advancing Duparquet in Quebec toward key development milestones in 2027. Speaking with Kitco Mining's Ernest Hoffman at XPLOR 2026 in Montreal, James Maxwell, VP of Exploration and Project Operations at First Mining Gold, discusses Springpole's June 30 federal environmental approval, Indigenous community agreements, and pending provincial decision. A feasibility study is targeted for the second half of 2027, alongside preparations for site-access infrastructure. Special thanks to our sponsor, Radisson Mining.

By the Time It’s in the News, It’s Too Late | Short Seller Laks Ganapathi By the time it's in the news, it's too late. Short seller Laks Ganapathi, whose new fund Michael Burry advises, says the AI selloff is just the beginning, and the real risk is in the debt, not the stocks. Ganapathi, founder of Unicus Research and Minerva Investment Management, joins Jeremy Szafron to explain what her team found driving across Texas to AI data centers, why a bank is selling $500 million of data center loans, why the bond market is flashing red on AI borrowers while stocks rally, and how private credit can end up inside the insurers behind retirees' annuities. She also explains why she only trusts physical gold, never paper #gold#.

Bitcoin tests support as Ethereum shows relative strength (Kitco Commentary by Aaron Dishner @MooninPapa) - Bitcoin is testing a fragile floor while #Ethereum# offers a stronger relative-performance case. I am watching for confirmation rather than treating one RSI reset, a dominance wick or an oversold stock index as an automatic recovery. #Bitcoin# had a fairly stable Friday despite a shaky US stock market. It kind of held September's pivot low just under $75,000. This is an attractive bounce zone in my view, but a drift toward the Slow line at $72,000 remains possible. A bullish RSI Reset is confirmed; bearish consolidation continues until a solid recovery move changes the picture. Holding a floor is useful. It is not the same as escaping the room.

The bond market is telling two stories, and gold is listening (Kitco Commentary by @PStreible) - #Gold# has had a tough few weeks. After stalling in the $4,150 area, prices have slipped back toward $4,070 as the #dollar# jumped on a strong jobs report and traders braced for one more Federal Reserve hike in December. On the surface, that looks like bad news for metals. Underneath, the bond market is telling a very different story, and I believe it may be setting up one of the better buying opportunities in gold this cycle.

Crypto SWOT: U.S. spot bitcoin ETFs saw $430.2 million in net outflows on November 5 Morgan Stanley is among the first major banks to use the Depository Trust & Clearing Corporation's (DTCC) new tokenization service to create blockchain-based representations of U.S. stocks and Treasury securities. The initiative highlights growing institutional adoption of #blockchain# technology and could improve settlement efficiency, collateral mobility and liquidity in traditional financial markets. The involvement of major Wall Street institutions underscores the increasing convergence of conventional financial infrastructure and digital assets. Commentary by Frank Holmes @bulldogholmes

Midterm Results Put U.S. Mining Permitting at Risk | Rick Rule #Gold# miners are back on Rick Rule’s @RealRickRule buy list as falling share prices push valuations to levels he says he has rarely seen in five decades of investing. Rick Rule, President & CEO of Rule Investment Media, joins Kitco Mining with Paul Harris and says gold equities are now “as cheap as it's been at any point in time in my career,” although higher nominal interest rates could still push bullion and mining shares lower before valuations recover. He is buying across royalty companies, producers, developers and explorers as tax-loss season creates further opportunities.

Gold SWOT: Central bank gold buying remains strong in 2026 The best-performing precious metal for the week was #platinum#, up 6.66%, outpacing palladium as global platinum inventories remain tight. According to the World Gold Council, central banks purchased a net 321 metric tons of #gold# in the third quarter of 2026, a 42% increase year-over-year and the highest quarterly total since late 2024. Commentary by Frank Holmes @bulldogholmes

Gold and silver prices extend post-election rebound, central banks on pace to beat 2025 purchases – Heraeus (Kitco News) – #Gold# and #silver# are continuing to build on last week’s strong rally following the Democratic sweep of the midterm elections, but the precious metals will likely face pressure from resurgent oil prices and elevated Fed rate expectations, according to analysts at @Heraeus.

Maple Gold Outlines Path to Two-Mine Gold Complex | Alex Rodriguez Maple Gold Mines @MapleGoldMines is advancing plans for a potential two-mine #gold# complex in Quebec, targeting a preliminary economic assessment (PEA) in Q2 2027 for its Douay/Joutel project. Speaking with Kitco Mining's Ernest Hoffman at XPLOR 2026 in Montreal, Alex Rodriguez, Senior VP of Corporate Development and Strategy at Maple Gold Mines, discusses the company's April resource update and plans to incorporate approximately 57,000 meters of drilling into its next resource estimate. Special thanks to our sponsor, @RDSMining.