Keep an eye on silver as gold pops

From home.saxo

Up until last week the yellew metal had been mostly immune to weaker stocks amid the ongoing trade war and its potential negative impact on growth. What changed last week was the accelerated drop in US bond yields as talk of recession risk turned mainstream. During the past few days the Fed Funds future has rallied further to add another 25 basis points to the near 50 bps already priced in before year-end. In other word,s the market is increasingly telling the Federal Open Market Committee to get off the fence and begin cutting rates. Staying with the US Federal Reserve, we are likely to see some increased scrutiny ... (full story)