10.17.19 - Jamie Dimon warns: 'Recession Ahead'

Gold last traded at $1,498 an ounce. Silver at $17.61 an ounce.

NEWS SUMMARY: Precious metal prices rose Thursday as weak economic data sent the dollar lower. U.S. stocks were little changed despite strong earnings results from Netflix and Morgan Stanley as investors also digested news of a pending Brexit deal.

 

 

 

Evidence Stocks Are in a ‘Bull Trap’

BullTrapThe evidence is in: Stocks are in a 'bull trap' -Marketwatch
"The 'Central Bank Two-Step' is back: Dovish + dovish = nothing but higher prices. The lows are in; what else can I buy? This pretty much sums up current sentiment. And so goes the familiar script during emerging bear markets: A general sense of relief that the lows are in, and a return of optimism and greed after an aggressive counter rally following an initial scary drop.

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Gold & Silver Rallied Smartly Last Week

2438118655 a4df42dd8c zGold and Silver both rallied smartly last week -Merriman/FX Street
"Gold and Silver both rallied smartly last week, with Gold trading above $1330 for the first time since last April. Ever since our special reports on Gold issued in August, when Gold fell to $1167, the yellow metal has been in a very bullish pattern, right in line with those reports pointing to the start of a new long-term 31-month cycle. The start of all long-term cycles is bullish.

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Clash of Generations Fueling Shift to Left

business 1730089 640The Clash of Generations, Fed, China, And The S&P500 -Macro Monitor
"Unfortunately, the policy of manipulating asset prices higher to save the economy from the Great Financial Crisis (GFC) over the past decade has created unsustainable politics. It has set the young, who own relatively few assets, versus the old, who own the most. 'For Americans under the age of 40, the 21st century has resembled one long recession,' reports New York Times. 'Many younger workers are struggling to launch themselves into good-paying careers.

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Gold Prices Steady Near 9-Month Peak

gold 680131 640Gold steadies near 9-month peak -Reuters
"Gold steadied on Friday after hitting a nine-month peak in the previous session, as the market awaited U.S. jobs data for indications on the strength of the world’s biggest economy. A more dovish U.S. Federal Reserve outlook and a weaker dollar had lifted gold on Thursday, although it later steadied as optimism about U.S.-China trade talks lifted appetite for riskier assets. Still, the precious metal remained on track for its second straight weekly gain and weak Chinese factory data lent support....

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