Gold's slowdown - Is it just a pause ahead of a major lift-off?

[View this email in your browser]( [Facebook]( [Twitter]( [Forward]( [Kitco Metals]( Editor's Note: Get caught up in minutes with our speedy summary of today's must-read news stories and expert opinions that moved the precious metals and financial markets. [Sign up here]( Editor's Picks [@DanielaCambone]( The Dow is inching closer to 28,000; it seems we are closing in on a resolution on the China-US trade deal; talks of a recession in 2020 have quieted down and today's retail sales report came in slightly above market expectations... it just "looks" like everything is rosier... Much to gold and silver's chagrin… with trader and investors risk appetite having up-ticked just a bit late this week, it's proving to be a negative for the safe-haven metals. [December gold futures]( last down $6.10 an ounce at 1,467.30. [December Comex silver]( prices were last down $0.108 at $16.920 an ounce. For Peter Hug, global trading director for Kitco Metals, this is not a time to wallow on the metal’s slowdown but a time to “buy,” if you are looking to add to your position. [In my interview this week]( Hug said, “[I]f you’re an investor from a medium to longer term perspective, you just stay with this market. If your holdings are under your percentage allocation…[t]hen you just add to the position at these levels because I think 2020 is going to be a very, very volatile year and I think it’s going to be very positive for the metals.” The market trades a lot on psychology Hug explained. “I personally do not think we are going to avoid a recession in 2020. We may have a little patch on a short term deal [with China] but I think these issues are not going to be resolved in 2020. I think Brexit is still going to be an issue. And I think interest rates are going to head lower” He added, “so if you are not in the market, I would be buying. I would be buying gold and I would be buying silver, especially silver south of $17, as an investor.” If you didn’t catch the interview, do yourselves a favor this weekend and watch a great outlook for the year ahead. Speaking of 2020, next week the Kitco News editorial team will be sitting down and brainstorming our theme for our annual, coveted Outlook series. So be on the lookout in December for its launch, which is always chock full of great information! On a short-term outlook, reporter [Anna Golubova’s Kitco News survey]( that next week will be an interesting one for gold with Wall Street uniquely split between expectations of higher and neutral gold prices and Main Street still very bullish. Next week, we also welcome reporter Neils Christensen back! He was in Medellin, Colombia this week checking out a mining conference and, I am most positive, will be sharing some interesting insights! Enjoy the weekend – quite a chilly one here on the East Coast. Stay warm and safe! Daniela Related Stories [Get ready, gold prices in 2020 will be rock and roll]( ready, gold prices in 2020 will be rock and roll]( [What's capping gold price gains?]( capping gold price gains?]( [Kitco Video News]( [Forget prices, investors need to add more gold]( prices, investors need to add more gold]( [As GLD celebrates 15 years, what’s the real deal behind $600 million outflow]( GLD celebrates 15 years, what’s the real deal behind $600 million outflow]( [Kitco News]( [Millennials grok gold]( [Gold in 2020: Prices to climb to $1,600 in 12 months after correction - ABN Amro]( [Gold keeps all daily gains as Powell says 'sustained expansion' is likely for the U.S.]( [Wealthy investors brace for market sell-off, higher volatility - UBS]( [Gold touching $1,600 in 2020 is not ruled out - RBC Capital Markets]( [Here's the link between stocks and yield curve, but gold stocks are the exception - BofAML]( [Gold’s potential to be limited next year around $1,450, says Capital Economics]( [Hedge funds loosen their grip on bullish gold bets]( [Free shipping]( [Unique split on Wall Street to keep investors guessing the gold price next week]( [Gold Live App]( [Kitco Mining]( [Wheaton Precious Metals net earnings up 107%]( Precious Metals net earnings up 107%]( [World's largest miner announces new CEO]( [Coeur Mining makes C$6.6 million strategic placement in Integra Resources]( [Autonomous trucks mark 1 billion tonnes milestone]( [Kitco Gold Chart]( [Kitco Gold Chart]( For Pete's Sake Peter Hug Director, Global Trading phug@kitco.com [Get ready, gold prices in 2020 will be rock and roll]( Technically Speaking Jim Wyckoff Market Analyst and Columnist jwyckoff@kitco.com [Gold prices down on busy U.S. data day]( Promotion [10oz Gold Bar]( This message was intended for {EMAIL} , as a subscriber and/or customer of Kitco. [Advertising]( | [Update Your Email Preferences]( | [Privacy Policy]( | [Contact us]( | [Unsubscribe]( All logos, brand names and/or trademarks that appear here are the property of their respective copyright holders. © 2019 Kitco Metals Inc. 620 Cathcart, Suite #900, Montreal, Quebec, H3B 1M1 Canada.