More of your opinions on Facebook:
“Still have a FB account, but rarely visit it. Have stripped my profile of all data, just my name and a photo. Use it only on occasion to keep up with what my son is doing.
“FB is getting too creepy and don’t want to give it any attention. Gotten way too political (very lefty) and biased in its feed delivery.”
And a reader comments on something we said Friday: “The Quds Force is an intelligence arm that carries out unorthodox warfare beyond the borders of Iran.”
He responds: “You seem to have left out the minor fact that Quds Force and IRGC are both designated terrorist organizations.”
Our reader’s correct.
Here’s a statement from the Department of Defense dated Jan. 2, 2020: “At the direction of the President, the U.S. military has taken decisive defensive action to protect U.S. personnel abroad by killing Qasem Soleimani, the head of the Islamic Revolutionary Guard Corps-Quds Force, a U.S.-designated Foreign Terrorist Organization.” (emphasis added)
There’s been a lot of talk over the weekend about the standoff between the U.S. and Iran. What are your opinions on the outcome?
Your Rundown for Monday Jan. 6, 2020
Gold: Shelter from the Middle East Storm
“Bullion neared $1,600 an ounce after Tehran said it would no longer abide by any limits on its enrichment of uranium following the killing of General Qassem Soleimani,” Bloomberg reports.
The price of gold, in fact, hasn’t been this high since 2013 as investors scramble for a safe haven. And Goldman Sachs claims there’s more upward momentum to come for gold — a surer bet, the bank believes, than oil.
“History shows that under most outcomes gold will likely rally to well beyond current levels,” said Goldman Sachs analysts. That’s “consistent with our previous research, which shows that being long gold is a better hedge to such geopolitical risks.”
We’ve beat gold’s drum for years now — and gotten word that many of our readers are listening.
This from a reader in Sept. 2018: “I hold physical gold and silver, also gold ETFs. I use them as a hedge against inflation and a market downturn.”
And from another reader…
“I own gold that I purchased several years ago as a hedge against what then appeared to be a potential devaluation of the dollar and a possible recession.
“Obviously, this hasn’t happened, yet I still feel it is a logical option — along with owning silver — should the trade war or other events destabilize our economy.”
“Other events” are certainly on the horizon now. Got gold? Or getting gold? Let us know.
Market Rundown for Monday, Jan. 6, 2020
S&P 500 futures are down 15 points to 3,221.36.
Oil’s added 51 cents per barrel to $63.56.
Gold continues its ascent: Up $24.90 to $1,577.80 per ounce.
Bitcoin is up $180.75 to $7,534.52.
Thanks for reading; we’ll talk more tomorrow.
For the Rundown,