From gold’s price swing last week to QE tapering views, 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 Gold and Silver Trader …
“With the holiday season drawing closer and traders starting to take leave, volatility will be on the rise as liquidity begins to dry up. This was witnessed in gold last week with prices swinging more than $40 on a few occasions.
“I expect the volatility to continue into year-end and for gold to head lower with the occasional bounce to test resistance.”
From Mike Larson’s Interest Rate Speculator …
“… once things settle out, I believe the combination of QE tapering PLUS stronger underlying economic data is ultimately bond bearish … but bullish for stocks that benefit from rising rates (or at least that won’t get hammered by them).”
From Don Lucek’s Weiss Million-Dollar Ratings Portfolio …
“Janet Yellen, who’s set to replace Ben Bernanke as Fed chairman, won’t have to bear all the responsibility for taking away the punch bowl (i.e., reducing the stimulus and keeping rates low). It took convincing evidence that the economy had indeed regained its footing before the central bank made its move.”
From Charles Goyette’s Freedom & Prosperity Letter …
“… Bernanke’s notable accomplishment is having grown the Fed balance sheet from just over $800 billion to almost $4 trillion during his tenure.
“That’s a lot of money printing.
“It takes the innocence of a school boy at a magic show to believe that this act of monetary materialization will be without consequences …”
The Money and Markets Team