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1.16.19 - Why Sanders' $15 Minimum Wage Is Irrelevant

Gold last traded at $1,293 an ounce. Silver at $15.63 an ounce.

NEWS SUMMARY: Precious metal prices rose Wednesday on safe-haven buying and a flat dollar. U.S. stocks rose as investors cheered strong quarterly earnings from major banks like Goldman Sachs and Bank of America.

 

 

 

2019 Could be a Stellar Year for Gold

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gold 2048295 640Why 2019 could be a stellar year for gold -Yahoo News
"Gold has gotten a boost over the past three months, rising more than 4%, as investors flock to so-called 'safe-haven' trades, and the commodity is headed even higher in 2019, according to strategists. 'Volatility has reemerged across markets generally - commodities, equities, etc. If that volatility persists, it will be key. It is going to push investors to perceived safe havens like gold,' Chris Louney, commodities strategist at RBC Capital Markets, told Yahoo Finance. Fears of an economic slowdown coupled with trade worries between the U.S. and China have sent the U.S. stock market tumbling since October.

"This is a Bear Market" -Gundlach/CNBC

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BearPanic"This Is A Bear Market" - Stocks Slump After Gundlach Unleashes Truth-Bombs On CNBC -Zero Hedge
"A sheepish Scott Wapner dared to ask DoubleLine's Jeffrey Gundlach an open-ended question about the stock market, and we suspect the response he got was far from what he wanted to hear. 'I'm pretty sure this is a long-term bear market for stocks...S&P is headed to new lows', 'We've had pretty much all of the variables which characterize a bear market.'

Cramer: "Stock Market is Treacherous"

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newspaper 1081412 640Cramer: The stock market is not safe; it's most treacherous in years -CNBC
"CNBC's Jim Cramer said Monday that the persistent sell-off in the stock market has gone beyond concerns about a slowdown in global economic growth and what the Federal Reserve will do on interest rates this week and next year. 'This was a soul-searching weekend for many of us because you left on Friday kind of in disbelief that the market could just fold. And it's not just worldwide slowing growth. It's not just fear of the Fed.

"Get Ready for a Crisis" -Bloomberg

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businessman 3042272 640The Bubble’s Losing Air. Get Ready for a Crisis -Bloomberg
"The 'everything bubble' is deflating. The fact that it’s happening relatively slowly shouldn’t blind us to the real threat: The world is dangerously underestimating how hard it’ll be to deal with the fallout once it pops. Frothy markets can’t disguise the warning signs. The shift to tighter monetary policies in the West is putting pressure on global equity and real-estate values. Even more critically, it’s weakening credit markets.

Wavering Housing Depends on Fed

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house 1407562 640America’s wavering housing market all depends on what Fed does next -Marketwatch
"The country’s housing market may have hit its peak...Housing inventory remains incredibly tight, meaning that buying a home is a very expensive and difficult proposition for many. And 2019 appears set to bring more of the same...