As we kickoff trading in the second week of December, expect liftoff in the gold and silver markets in 2020, plus a look at chart of the day, credit issues, and a stunning look at who is buying homes and cars.
Hard To Believe
December 8 (King World News) – Holger Zschaepitz: “Median age of homebuyers has risen from 31 in 1981 to 47 today. The rise since the financial crisis is particularly noteworthy, DB says. This is driven by an aging population, affordability, higher student debt levels, and tighter mortgage lending standards for young people. (See below).
Median Age Of Homebuyers Has Risen From 31 In 1981 To 47 Today
Credit Issues
Holger Zschaepitz: “The opportunities for the younger generations fall with their credit rating: Young people have lower credit scores. (via DB) (see below).
Opportunities For Younger Generations Fall With Their Credit Scores
Chart Of The Day
Jeroen Blokland: “Chart of the day! US wage growth is above the 30-year mortgage rate for the first time since 1972! (See below).
US Wage Growth Above 30-Year Mortgage Rate For First Time Since 1972!
Look At Who Is Buying New Cars
Adam Tooze, Director of the European Institute: “In 2017 52% of cars in the US were bought by people over the age of 55, compared to 31% in 2007. (See below).
In 2007 People Age 35-44 Were Buying Most New Cars,
Today It Is People Over The Age Of 55
Listen to the greatest Egon von Greyerz audio interview ever
by CLICKING HERE OR ON THE IMAGE BELOW.
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Gold & Silver
Ole Hansen, Head of Commodity Strategy at Saxo Bank: “Gold was bought as the market challenged resistance at $1480/oz, a level that subsequently failed to hold following on trade talks and economic data news. The net long rose by 10% to 227k, some 22% below the October record. Long liquidation cut the silver long by 8% (see below).
Managed Money Increased Paper Gold Positions 10% As Gold Surged To $1,480
But Managed Money Cut Silver Longs By 8%
“It’s A Gold Bull Market”
James Turk: “It’s a gold bull market. Even with yesterday’s takedown year-to-date performance is spectacular: gold +14%, silver +7%. XAU Index +35%. But the big move in the precious metals is further down the road as this chart shows. Uptrend #3 is just getting started (see below).
EXPECT GOLD & SILVER LIFTOFF IN 2020: Major Uptrend #3 Just Getting Started In Gold & Silver
***To listen to James Turk’s KWN audio interview discussing the gold and silver markets and what to expect next CLICK HERE OR ON THE IMAGE BELOW.
Turk On Friday’s Gold & Silver Pullback
READ THIS NEXT! James Turk On Friday’s Gold And Silver Pullback CLICK HERE TO READ.
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