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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.

 

 

 

Market Correction Likely To Boost Gold

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business 1730089 640Stock market correction could bring gold trade could be back from the dead -CNBC
"Gold, the classic bear-market investment, has been ignored by investors this year...But as more investors fear that the end of the bull market in stocks is near and volatility in stocks continues, gold may get some attention. The largest gold ETF, the SPDR Gold (GLD), has taken in $600 million in assets over the past month, according to XTF.com data through Nov. 21. It is a notable one-month movement into gold by investors....

U.S. Housing Boom Is Coming to an End

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house 2368389 640The U.S. Housing Boom Is Coming to an End, Starting in Dallas -Wall Street Journal
"Dallas’s once vibrant housing market is sputtering. In the high-end subdivisions in the suburb of Frisco, builders are cutting prices on new homes by up to $150,000. On one street alone, $4 million of new homes sat empty on a visit earlier this month. Some home builders are so desperate to attract interest they are offering agents the chance to win Louis Vuitton handbags or Super Bowl tickets with round-trip airfare, if their clients buy a home. Yet fresh-baked cookies sit uneaten at sparsely attended open houses....

2019: Goldman Sees Commodities Soaring

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dollar 544956 640Goldman Predicts Commodities Will Soar in 2019 -Bloomberg
"Commodity bull Goldman Sachs Group Inc. is undaunted by the sell-off in raw materials and is forecasting returns of about 17 percent in the coming months, describing the current situation as unsustainable and touting this week’s G-20 meeting in Buenos Aires as a potential turning point. 'Given the size of dislocations in commodity pricing relative to fundamentals -

The Housing Bubble Is Popping Right Now

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HouseBubbleThe Housing Bubble Is Popping Right Now -Jones/Zero Hedge
"Has the Housing Bust 2.0 begun? If so, how bad could things get? And what steps should those looking to pick up values at much lower prices in the future be taking? This week we talk with citizen journalist Ben Jones, property manager and publisher of TheHousingBubbleBlog - where he tracks the latest headlines and developments in the housing market. 'We're going to see a collapse.

U.S. Treasuries Are Losing Their Appeal

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1969 100K Treasury Bill frontForeign buyers find U.S. Treasuries less appealing -Reuters
"Some overseas investors appear to be taking a pass on U.S. debt securities just as the administration of President Donald Trump embarks on a record sale of Treasury bills, notes and bonds to pay for its big tax cuts and spending increases. Top foreign holders of Treasuries like China and Japan have shrunk their portfolios of U.S. government bonds this year, and a recent barometer of participation in Treasury auctions suggests overseas buyers have not been showing up in force, according to Treasury Department data....