10.18.19 - Darkening Outlook for U.S.-China Trade Deal

Gold last traded at $1,494 an ounce. Silver at $17.57 an ounce.

NEWS SUMMARY: Precious metal prices traded steady Friday on a weaker dollar. U.S. stocks fell amid weak overseas data while Netflix led Big Tech shares lower.

 

 

 

Buffett's Deception On Gold - Forbes

Gold DeceptionBuffett's Deception On Gold -Dohman/Forbes
"Warren Buffett is not a fan of gold....Let's see what gold has done since 2001 when I gave a renewed long-term 'buy' signal...Gold plunged to about $250 by year 2001. At that time, no one even wanted to hear the word 'gold.' Bearish sentiment was at extreme highs. As you can see in this chart, gold far outperformed the S&P 500 since 2001. Buffett uses arbitrary dates, similar to many stock analysts who want to make a point against gold. They pick the dates that give them the results they want....

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Gold Dips as Trade Woes Support Dollar

gold 2048287 640Gold dips as U.S.-China trade woes support dollar -Reuters
"Gold prices fell on Monday as uncertainties around the U.S.-China trade war drove some investors to the safety of the dollar, pressuring assets priced in the U.S. currency. Autocatalyst metal palladium however rallied to another record high, with expectations for a deficit this year helping it to breach the $1,700 an ounce level for the first time....

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