8.14.19 - 311 Days: Recession Countdown Begins

Gold last traded at $1,527 an ounce. Silver at $17.28 an ounce.

NEWS SUMMARY: Precious metal prices shot up Wednesday on safe-haven buying and recession fears. U.S stocks fell sharply after the U.S. bond market flashed a troubling signal about the U.S. economy.

 

 

 

Middle Class Dives Deeper in Debt

Written by Staff Writer

debt collectionFamilies Go Deep in Debt to Stay in the Middle Class -Wall Street Journal
"The American middle class is falling deeper into debt to maintain a middle-class lifestyle. Cars, college, houses and medical care have become steadily more costly, but incomes have been largely stagnant for two decades, despite a recent uptick. Filling the gap between earning and spending is an explosion of finance into nearly every corner of the consumer economy.

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Silver Playing Catch-up With Gold

Written by Staff Writer

bullion 932218 640Why Silver Will Be a Better Bet Than Gold if the Precious Metals Rally Continues -TheStreet
"Anyone bullish on precious metals should consider silver...The white metal tends to see far more volatility, which is an advantage for traders in an up-trending market. Plus, silver prices are still playing catch-up with gold based on historical price analysis...In a bull market, volatility is okay as long as it is upward trending volatility, which is exactly what we see right now in the precious metals market. In such a case, savvy traders should take a more volatile route....Silver tends to outperform gold when the market is moving up, just like small caps frequently outperform large caps in an equity bull market....

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2019: Will Silver Outperform Gold?

Written by Staff Writer

Silver ReportWill Silver Outperform Gold? -Swiss America Report
In July 2019, silver prices rose above $16.00/oz. as the historic Gold-to-Silver Ratio peaked at 93-to-1. Since then, the ratio has rapidly fallen back to the mid-80s. We feel strongly that the ratio could continue dropping toward a more normal range near 60-to-1, or lower - which could push silver prices up as much as 25%-50% to $20-$25/oz. -

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What the Capital One Breach Means

Written by Staff Writer

640px Queens Bl Junction Bl td 04 Capital One BankThe Capital One Breach: What It Means for You-Wall Street Journal
"In this latest massive consumer-data breach, a hacker accessed the personal information of 100 million Capital One credit-card customers and applicants in the U.S. and six million in Canada. The breach stands to be one of the worst for U.S. consumers because of the type of financial information that was accessed. This valuable consumer financial information can be used to figure out the identities of the most creditworthy or affluent consumers and open a card or loans in their names.

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