October 16, 2019

Gold is up $8.50 on weak retail sales which dropped .3% in September to snap a six-month winning streak and missed projections by .6%.  The data shows the effects the trade war is already having on consumers.  After gaining ground on a potential trade deal and strong bank earnings, stocks are flat today as they await more crucial earnings.  Doubts are also rising about China’s commitment to purchasing US agricultural goods which was a significant selling point of the current trade negotiations.