From a bottoming in precious-metals prices to record-high stock prices to a change in the Federal Reserve’s policy, Money and Markets’ newsletter editors sounded off on the most important investing topics of the week. Below are snippets from the editors and links to their services.
From Larry Edelson’s Hard Asset Trader …
“Year-end moves in the precious metals are some of the most significant of the entire year. How the metals move in December and year-end as well as in early January can tell you a lot about what the future holds for the precious metals. For now, sit tight, let gold and silver and other precious metals fulfill their destiny and complete a three-year interim bear market.”
From Mike Larson’s Interest Rate Speculator …
“… It looks increasingly likely to me that the Fed will drop a “taper bomb” at its two-day policy meeting next week. … Then it should follow up with reductions in QE throughout the early part of 2014. And … I believe there’s a pretty decent chance we actually get the first interest rate hike later in the year.”
From Douglas Davenport’s All-Weather Investor …
“I expect volatility to remain subdued, keeping the bias higher for the S&P 500. And the euro has reached a point where the next move is down as deflationary forces in Europe will force the European Central Bank to reduce interest rates.”
From Don Lucek’s Weiss Million-Dollar Ratings Portfolio …
“News that a budget deal had been struck in Washington quelled lingering concerns of another imminent government shutdown, and the deleterious effects that could have on the general economy. Nowhere is the deal more directly helpful for investors than for those … with exposure to the defense industry.”
Best wishes,
The Money and Markets Team
