Flash Update No. 14

(SGS Subscription required) • 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

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