12.5.19 - 10 Outrageous 2020 Predictions

Gold last traded at $1,479 an ounce. Silver at $16.98 an ounce.

NEWS SUMMARY: Precious metal prices rose Thursday on bargain-hunting and a weaker dollar. U.S. stocks decline despite upbeat employment data amid China trade deal worries.

Trade War May Drag Beyond 2020 Election

640px President Trump at the G20 48162296741Trump Says Trade War Could Drag On, Stokes France Spat -Wall Street Journal
"President Trump suggested a trade war with China could drag out past the 2020 election and stoked a tariff spat with France during a visit to Europe for a NATO meeting. Mr. Trump said he had 'no deadline' to conclude a trade deal with China, adding that 'in some ways I like the idea of waiting until after the election,' during a sitdown with the North Atlantic Treaty Organization Secretary-General Jens Stoltenberg on Tuesday in London.

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What Happens If Dec. 15 Tariffs Kick In?

america china commerce communication business concept 1444957 pxhereHere's What Happens to Markets If U.S. Tariffs on China Kick in Dec. 15 -Bloomberg
"The Dec. 15 flashpoint on tariffs was thrown into sharp relief Tuesday when Trump said he sees no urgency to complete a deal, right after he threatened an assortment of trading partners with levies. 'If tariffs scheduled for Dec. 15 are implemented it would be a huge shock to the market consensus,' said Sue Trinh, managing director for global macro strategy at Manulife Investment Management in Hong Kong.

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Gold's Narrative Changing to Favorable

gold is money 2430051 640The Narrative About Gold is Changing Again -Yahoo Finance
"Let's face it, we live in a world of radical uncertainty. There are not only many known unknowns in the world, but the same can't be said of unknown unknowns...But the real issue is that we do not know the probabilities, because we even do not know how the world works. You see, the probability applies in a casino but not in a real world. So how do we cope with the unknown?

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The Fiat Money-Socialism Connection

FreeMarketThe Hidden Link Between Fiat Money And The Increasing Appeal Of Socialism -Zero Hedge
"What causes the seemingly unfounded confidence in socialism we encounter more and more in the news media and among political activists? It is likely not a coincidence that most people living today have lived most of their lives in a world dominated by fiat money.

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The Post-US-China Trade War Struggle

320px File China America flagAfter the US-China Trade War -Roach/Project Syndicate
"Trade truce or not, a protracted Cold War-like conflict between the United States and China has already begun. That should worry the US, which, unlike China, is devoid of a long-term strategic framework. The so-called phase one 'skinny' trade deal announced with great fanfare on October 11 may be an important political signal. While the deal, if ever consummated, will have next to no material economic impact, it provides a strong hint that Trump has finally had enough of this trade war.

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