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12.12.18 - BofA: Gold To Hit $1,400 In 2019

Gold last traded at $1,250 an ounce. Silver at $14.85 an ounce.

NEWS SUMMARY: Precious metal prices rose Wednesday on safe haven buying and a weaker dollar. U.S. stocks traded higher as investors digested upbeat news related to the ongoing trade war between the United States and China.

 

 

 

Life, Liberty & Levin: Capitalism vs. Socialism

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George Gilder - Cortesy Gage SkidmoreCapitalism vs. socialism: economist George Gilder weighs inLife, Liberty & Levin/Fox News
"MARK LEVIN, HOST: Hello America, I'm Mark Levin. This is 'Life, Liberty & Levin.' We have a great guest, George Gilder, how are you? GEORGE GILDER, CO-FOUNDER, DISCOVERY INSTITUTE: Great to see you, Mark.
LEVIN: You pioneered the formulation of supply side economics when you served as Chairman of the Lehrman Institute's Economic Roundtable. Program Director for the Manhattan Institute, you're the author of 'Men in Marriage,' 'Visible Man,' 'Wealth and Poverty,' which was a big book that had a big influence on me. 'The Spirit of Enterprise,' 'Microcosm,' 'Telecosm' and 'The Silicon Eye.' And now your newest book, 'Life After Google: The Fall of Big Data and the Rise of the Blockchain Economy.' All right, there's a lot to unravel here, but let's get started this way. Capitalism versus socialism. Explain.

Economists Doubt Trade Deal Within 90-Days

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handshake 2056021 640Economists doubt trade cease-fire will lead to actual deal -CNBC
"Wall Street traders may be exuberant on Monday over the decision to postpone the trade war between the U.S. and China, but economists across the marketplace aren't convinced the delay lead to a permanent solution. It will still be 'challenging' to find a compromise that all parties like, Goldman Sachs economist Alec Phillips wrote in a note to clients Sunday.

Gold is Poised for 2019 Jump on Fed Shift

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s2smodern

GoldBearTeethAs Fed Rethinks Path for Rates, Gold’s Poised to Jump in 2019 -Bloomberg
"Gold may be poised to rally as speculation mounts that the Federal Reserve will hit the pause button on interest rate hikes in 2019. After lift-off in late 2015 followed by a rise a year later, the central bank has since steadily raised benchmark rates and is widely expected to do so again this month. But the path after that is clouded after Chairman Jerome Powell said Wednesday rates are 'just below' estimates of the so-called neutral level, which markets took to mean a softer stance than previous comments.

The Trillion Dollar FAANG Stock Wipeout

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graph 3078546 640FAANG Bubble Warning, And The Subsequent Trillion Dollar Wipeout -Vident Financial
"We all knew that bears had big fangs, but few people anticipated how much the FAANGs would end up having such a big bear market. The collapse of those companies has been sudden and dramatic. Sudden, dramatic… and surprising, though it should not have been.

American Exceptionalism in Stocks May End

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farewell 3258939 640American Exceptionalism May Be Ending - at Least in Stocks -Wall Street Journal
"Recent choppy trading in U.S. stocks has revived a years long debate: Are the best days of the U.S. bull market over?....Worries about rising interest rates, trade tensions with China, slumping oil prices and peaking corporate earnings have slammed U.S. stocks over the past two months....