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.




Gold will Rally in 2019

gold is money 2020767 640Gold Will Rally 22% in 2019 and Outperform Everything -The Street
"2019 will see the start of a new bull cycle for gold and push the metal up to $1,500 an ounce, said E.B. Tucker, director of Metalla Royalty & Streaming. 'To make big money in this market, you have to see the cycles. Nothing changes.

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Big-Money Investors see the Bull Market Ending

statue 2905489 640Big-money investors see the bull market ending in 2019 -CNBC
"The longest bull market run in history is coming to an end in 2019, according to the pros who handle Wall Street's big-money clientele. A survey of institutional investors show that 65 percent see a change coming, with the biggest threats being geopolitical tensions and rising interest rates, according to Natixis, which surveyed 500 managers of pension funds, endowments, foundations and the like.

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Is The Bull Back, Or is it a "Bull Trap"?

Bull TrapIs The Bull Back, Or Is It A "Bull Trap"? -Zero Hedge
"With smiles and much back-patting to go around, the G-20 meeting ended with a 'roar of applause but the accomplishment of nothing.' Nonetheless, as I also pointed out, the market did reach extremely oversold levels during the October/November correction which provided the necessary 'fuel' for a short-term rally. All the market needed was a 'reason' and Trump’s weakened stance with China over trade provided just that....The good news is that on Monday the market cleared the 50- and 200-day moving averages...However, in order to be validated, it must hold through the end of the trading week....

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