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.

 

 

 

5-point Plan for Surviving Market Downturn

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Ready To PrintYour 5-point plan for surviving the coming stock-market downturn -Marketwatch
"It's time to lighten up on stocks to prepare for the gathering storm. I've been telling subscribers of my stock newsletter Brush Up on Stocks to get out of dubious trades, get off margin, raise cash and be extra judicious about entering new positions...It does makes sense to tilt your portfolio to a more defensive posture....It's all about sentiment. Investor are getting too bullish...

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U.S. Economy Misses 3% GDP target in 2018

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U.S. economy misses Trump's 3% target in 2018 -Reuters
"The Commerce Department said on Friday that gross domestic product increased at a 2.9% rate last year, confirming an estimate which was published in March. The department's annual revisions to GDP data also showed the economy growing 2.5% in the 12 months through the fourth quarter of 2018, down from the previously reported 3.0%....

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College Spending Habits Predict 'Adulting'

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pokemon 1543556 640College Spending Habits May Predict When 'Adulting' Starts-UofA News
"How well you manage your money in college may determine when you'll ultimately achieve 'adult identity,' according to a new study led by the University of Arizona. Researchers tracked a group of students from their fourth year of college to five years post-graduation. Participants were asked at three different points to self-report on financial behaviors such as spending, saving, budgeting and borrowing.

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Gold Serves as a "Hedge on Your Life'

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gold is money 3055758 640Gold isn't necessarily an investment- it's life insurance -Dillian/Marketwatch
"I have always secretly wanted to work at a precious metals bullion dealer. I love gold, and silver and platinum. I love them philosophically, and I also just like shiny rocks...The most straightforward way to invest in silver is just to buy coins or bars....You can go to a bullion dealer, tell them you want a 100-ounce bar, and they will charge you the spot price of silver per ounce, times 100 ounces, plus a small markup....Gold prices have hit five-year highs, which did not get a lot of attention in the financial press.

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Central Banks Are Losing Their Big Bet

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LeagueOfCentralBankersAre central banks losing their big bet? -El Erian/FN London
"In recent years, central banks have made a large policy wager. They bet that the protracted use of unconventional and experimental measures would provide an effective bridge to more comprehensive measures that would generate high inclusive growth and minimize the risk of financial instability. But central banks have repeatedly had to double down, in the process becoming increasingly aware of the growing risks to their credibility, effectiveness, and political autonomy. Ironically, central bankers may now get a response from other policymaking entities, which, instead of helping to normalize their operations, would make their task a lot tougher....

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