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.

Going Deep: 'The Age of Surveillance Capitalism'

monitoring 1305045 640Warning! Everything Is Going Deep: 'The Age of Surveillance Capitalism' -Friedman/New York Times
"Recent advances in the speed and scope of digitization, connectivity, big data and artificial intelligence are now taking us 'deep' into places and into powers that we’ve never experienced before - and that governments have never had to regulate before. I’m talking about deep learning, deep insights, deep surveillance, deep facial recognition, deep voice recognition, deep automation and deep artificial minds....

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Record Cold Forces Rethink on Global Warming

11808882715 fde102b7bd zRecord Cold Forces Rethink on Global Warming -PJMedia
"Headlines around the world are reporting exceptionally frigid conditions and unusually high levels of snowfall in recent weeks. They tout these events as records, but few people understand how short the record actually is -- usually less than 50 years, a mere instant in Earth’s 4.6-billion year history. The reality is that, when viewed in a wider context, there is nothing unusual about current weather patterns.

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Uncertainty Boosts Gold to 8-Month Peak

gold 2048277 640Gold scales 8-month peak on Fed rate pause hopes, trade woes -Reuters
"Gold prices edged up on Wednesday to their highest since May 2018, supported by uncertainty over U.S.-China trade relations and expectations the Federal Reserve will keep rates on hold. Spot gold was up 0.2 percent at $1,313.96 per ounce as of 0712 GMT, its highest since May 14, 2018. 'For the short-term gold is going to move higher as the U.S. Federal Reserve will have a dovish tone, which should weaken the dollar and give gold a bit of a move up,' said INTL FCStone analyst Edward Meir.

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The U.S. Economy Is Slowing, Survey Says

chart 594212 640U.S. Economy Is Slowing, Survey Says -Wall Street Journal
"Gross domestic product, or the total value of goods and services produced in the U.S., grew at a 2.6% annual rate in the fourth quarter, economists estimate in a Wall Street Journal survey conducted this week. Output will grow at a 1.8% clip in the first quarter and a 2.5% rate in the second quarter, according to the poll....

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