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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.

 

 

 

Fed Debt: 'Elephant in the Room'

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ElephantinRoomThis 'elephant in the room' could send stocks into a tailspin -Rosenburg/CNBC
"David Rosenberg says he's worried about a serious risk that investors are largely overlooking. The Gluskin Sheff chief economist and strategist warns that the Federal Reserve's balance sheet reduction - not rising interest rates - could have drastic implications for stocks. 'This is the elephant in the room,' he said Wednesday on CNBC's 'Trading Nation.'

Fed Chairman Hints Higher Rates

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bar metal money material jewellery font 980757 pxhereGold gains on Fed comments, palladium hits record -Reuters
"Gold rose on Thursday after Federal Reserve Chair Jerome Powell’s comments boosted perception the central bank would go slow on interest rate hikes next year, while palladium was trading at record levels due to a shortage in supply. 'The hint from the Fed that they are closer to ending the current rate hike cycle caught the markets somewhat by surprise.

Putin: "The Dollar Is Ditching Us"

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dollar 2387088 640Putin: "We Aren't Aiming To Ditch The Dollar, The Dollar Is Ditching Us" -Zero Hedge
"With a number of volatile trends in multiple conflict theaters and geopolitical hot spots now coming to a head this week (Ukraine-Russia, China-US, Iran-US, Turkey-Syria-Russia, Saudi Arabia-Europe), and with Presidents Putin and Trump set to meet at the G20 summit in Argentina in just days, Putin has again signaled Russia will move away from the U.S. dollar....He said, according to Bloomberg, 'We aren't aiming to ditch the dollar.

Fed Warns of 'Large' Market Price Plunge

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graph 3078540 640Fed warns that a 'particularly large' plunge in market prices is possible if risks materialize -CNBC
"The Federal Reserve issued a cautionary note Wednesday about risks to financial stability, saying trade tensions, geopolitical uncertainty and a buildup in corporate debt among firms with weak balance sheets pose strong threats.

The Best Stock Investors: Dead People

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20181128091601The Best Stock Investors: Dead People -Bonner/Bonner And Partners

"The stock market got a healthy bounce yesterday. Where it goes from here is anyone’s guess. But you don’t have to guess. Because you don’t make money in the stock market from short-term moves...It’s the big, long-term moves that make a difference...Our 'Timing for Dummies' model calls for buying stocks when you can get the Dow for less than five ounces of gold (it’s currently about 20)…