12.27.19 - The Crisis of 2020

Gold last traded at $1,518 an ounce. Silver at $17.99 an ounce.

NEWS SUMMARY: Precious metal prices rose to 7-week highs Friday on safe haven buying. U.S. stocks touched fresh records as year-end optimism continued to drive the rally.

Gold Prices Reach Seven-Month High

Gold reaches seven-month high as dollar struggles -Reuters
Gold"Gold climbed to a seven-month high on Tuesday and stocks were back on the up too, as investors dug in for three days of political and economic drama and a blizzard of big tech earnings, starting with Apple later. The main European and Asian markets held up well ahead of potentially galvanizing events including a key Brexit vote on Tuesday,

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Powell: Once a Caver, Always a Caver

BullMeadowPowell: Once a caver, always a caver -Macro Tourist
"Remember the Powell of last year? You know, the one that tried to convince us that there 'could be no macroeconomic stability without financial stability?' And this Powell was not concerned about financial stability in terms of making sure the stock market never went down, but rather just the opposite. For the first ten months of his stint as Fed Chair,

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U.S. Economic Freedom Expanding

hiking 1031628 640Expanding economic freedom at home -Washington Times
"If someone were to ask you to name the economically freest country in the world, what would you say? Probably the United States. Even many non-Americans would likely give that answer. Unfortunately, they’d be wrong. The economy that enjoys the highest level of economic freedom is thousands of miles away. It’s Hong Kong.

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Fed Chair Leaves Markets Confused

25824732524 14803c4138 zFed Chairman Sometimes Leaves Markets Confused -Wall Street Journal
"Federal Reserve Chairman Jerome Powell likes to think of himself as a plain-spoken communicator, but his past three months as the central bank’s leader have proved challenging because markets have occasionally misunderstood him. Markets shuddered during Mr. Powell’s press conference last month in which he sought to highlight the economy’s strength after the Fed raised its benchmark interest rate by a quarter percentage-point to a range between 2.25% and 2.5%.

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Gold Prices Rise as US Dollar Weakens

Gold BarsGold up as dollar eases; global growth concerns lend support -CNBC
"Gold gained on Friday as the dollar eased from a multi-week peak, with bullion seen consolidating in a narrow range supported by concerns about global growth and political uncertainties including the U.S. government shutdown....U.S. gold futures climbed 1.34 percent to $1,297 per ounce. 'Gold seems to be finding a level and it is quite comfortable around it at the moment,'

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