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Stock Sell-Off Boosting Gold (The Great Beneficiary Of This Ominous Stock Market Downturn)December 10, 2018
Gold has always been an essential asset class for diversifying portfolios, but since investors barely own gold, there will be a lot of buying to do. Here's why...
Chris says the current downside in gold is an over-exaggeration and technical in nature. Here's when Chris is looking for gold to recover...
"Over the past week, as the markets fell, the gold and silver prices did quite the opposite. If we look at the next three charts, the Dow Jones fell by more than 1,600 points since Dec 3rd, while gold increased $26 and silver gained $0.45."
Ron Paul, ever the voice of reason and sanity when it comes to fiscal policy, envisages the coming collapse and who will be held to blame. Also, Donald Trump's biggest fiscal mistake thus far.
"Higher lows since August, and what looks like the coming test of the 200-day at 1257, which has rejected the gold price over the last year almost as many times I was in high school asking girls out on dates. Could be gold is sniffing out an escalation of the U.S.-China conflict or it could be something altogether different."
David says the bottom may not yet be in, however, he also says the risk to the downside is far outweighed by what's to come for gold. Here's why...
The Fed, in Service of the Unattainable: "The Myth of the Neutral Interest Rate"Dec 10, 2018 - 06:47:36 PST
"In the absence of central bank monetary policies, which enrich some individuals at the expense of other individuals, interest rates that emerge will be truly neutral. In a free market, no one then would be required to establish whether the interest rate is above or below some kind imaginary equilibrium."
"The Fed can tolerate weakness in the stock market, but it fears a complete collapse, which is a very real possibility. So Jerome Powell is between a rock and a hard place. Keep the bubble going, which only prolongs the day of reckoning and makes it worse, or withdraw support and risk a crash."
SD Outlook: There are fundamental and technical reasons to think gold & silver could have another good week. Here are the details...
On the Heels of Largest Drop in Three Months, USD Struggles to Find a BidDec 10, 2018 - 06:19:26 PST
"The dollar consolidated losses on Monday after posting its biggest weekly drop in more than three months last week as weak U.S. data undercut expectations of more interest rate increases in the world’s biggest economy."
South African Gold Mining, Which Has Produced Half the Gold on Earth, Begins Winding DownDec 10, 2018 - 05:51:54 PST
"The nation’s 130-year-old gold industry is locked in the final stages of a decades-long death spiral. Most of South Africa’s gold mines are unprofitable at current prices."
November's jobs numbers came out Friday weaker than expected.Trump's twitter feed was strangely silent on the jobs report. Generally, he likes to tout unemployment as an accomplishment, even though he poo-pooed the same numbers when he was campaigning against Obama.As Peter Schiff pointed out in his most recent podcast, the official numbers significantly understate unemployment.
"Electronic payments via Alibaba Group’s Alipay or Tencent Holdings’s WeChat have become increasingly popular in China where they are accepted on platforms such as public transport and at retailers like coffee shops."
"The question is how much, in the way of concessions, is Macron going to have to give to calm the protests down,' Constantine Fraser, European political analyst at TS Lombard, told CNBC Monday."
"Earnings growth is becoming a front-burner issue. Everybody expected it to slow down next year because we don't have the benefit of tax cuts. But the slowdown is probably going to be more than expected,"
Morgan Stanley: Earnings Recession in 2019, Growth Stocks to be "Punished Severely"Dec 10, 2018 - 04:53:31 PST
"The rolling bear market continues to make progress and there is growing evidence that it is morphing into a proper cyclical bear market."
"Huawei allegedly used a third-party intermediary — a small Hong Kong-based technology firm called Skycom — to channel payments between the company and Iran."
A strong dollar in recent months has created the biggest headwinds for gold. But will dollar strength continue? Most foreign currency traders recently polled by Reuters don't think so.Reuters surveyed more than 60 currency analysts and the consensus was that the dollar would be weaker against major currencies in a year. The exchange strategists say slowing economic growth in the US will drag the greenback down in 2019.
It’s time for our roundup of the big investment banks and where they predict the gold price will go in 2019. Their forecasts, while as fallible as any others, are worth paying attention to for one reason: These banks control enormous amounts of capital, so keeping an eye on where they stand vis a vis the gold price is worth monitoring.
"The European Court of Justice said Monday that the U.K. can cancel Brexit without asking for permission from other European Union (EU) member states."