-- Published: Friday, 28 December 2018 | Print  | Disqus 

Highlights

• Bob Hoye of Institutional Advisors, and the host discuss the worst US stock market plunge in over 100 years, the "Mnuchin Massacre."
• The Dow Jones Industrials plunged 1600 points last week, falling 650 further on Monday, recording the worst monthly decline its 122 year history.
• The equities decline could foment a nascent PMs bull market with the potential to launch gold shares into orbit.
• However, on Wednesday another record was set, the largest daily point-advance in history, as bulls pushed the benchmark index 1,000 points higher.
• Investors were reassured that rumors of Jerome Powell's demise had been greatly exaggerated, he will remain the Fed Chairman until retirement.
• Last Friday in the Market Weather Report, it was announced the US Fed appeared to have finished the rate hike cycle 6 months ahead of schedule.
• According to the CME's FFF contracts, the probability of a rate hike in 2019 is low for all FOMC meetings.
• Investors interpreted the news as a sign the domestic economy is not as robust as forecasts suggest.
• The Fed could likely return to a more dovish stance, reversing from quant. tightening to quant. easing to the benefit of the precious metals markets.
• After correctly remaining bearish for years, Bob Hoye expects a new PMs bull market in mining shares.
• Our guest encourages subscribers to consider accumulation of gold shares during price-reactions.

Bob Hoye of Institutional Advisors, and the host discuss the worst US stock market plunge in over 100 years, the "Mnuchin Massacre" and the nascent PMs bull market with the potential to launch gold shares into orbit. The Dow Jones Industrials plunged 1600 points last week, falling 650 further on Monday, recording the worst monthly percentage decline its 122 year history. However, on Wednesday another record was set, the largest daily point-advance in history. Bulls pushed the benchmark index 1,000 points higher as investors were reassured rumors of Jerome Powell's demise had been greatly exaggerated, he will remain the Fed Chairman until retirement. Last Friday in the Market Weather Report, it was announced the US Fed appeared to have finished the rate hike cycle 6 months and 2 rate increases ahead of schedule - according to the CME's FFF contracts, the probability of a rate hike in 2019 is low for all FOMC meetings. Investors interpreted this news as a sign the domestic economy is not as robust as suggested by forecasts. The guest / host concur, the Fed could likely return to a more dovish stance, reversing from quantitative tightening to quantitative easing to the benefit of the precious metals markets. Moreover, after correctly remaining bearish for years, Bob Hoye expects a new PMs bull market that will particularly benefit PMs shareholders - he continues to advise his subscribers to consider accumulating gold mining shares during price-reactions.

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 -- Published: Friday, 28 December 2018 | E-Mail  | Print  | Source: GoldSeek.com

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