Flash Update No. 14
Gold Should Continue to Outperform Stocks,
Despite Recent Selling of Precious Metals and Stock-Market Rallies
Consider that the S&P 500 Record High of Friday, November 8th,
Was up by 5.5% from Its Record High of September 20, 2018
In Contrast, London Gold of November 8th Closed up by 21.8% from
September 20, 2018, Despite Recent Heavy Selling of Gold
Continued Deterioration of Underlying Economic Fundamentals
Should Accelerate in the Week Ahead, Dampening Economic Expectations
An Ongoing Collapse in October Industrial Production,
With Retail Sales Growth Running Below Headline Inflation,
Should Challenge FOMC Claims of Sustainable Moderate Growth