For the oil market, it looks like the real OPEC meeting will come a week ahead of schedule.
The cartel is set to meet on Dec. 6 in Vienna, but days earlier the key decision makers are set to gather on the sidelines of the G20 summit in Buenos Aires in a meeting that may well decide the direction of oil prices in 2019.
Gold Silver Reports (GSR) – Futures in New York as 0.4% Monday, extending a record decline. Oil was pulled 2.5% lower after the close amid a slide in equities, with President Donald Trump adding pressure with a tweet criticising the Saudi plan.
President Donald Trump called the Federal Reserve his “biggest threat,” again criticizing the central bank for endangering economic growth through interest-rate hikes.
President Donald Trump knocked the Federal Reserve for continuing to raise interest rates despite some recent market turbulence.
United Nations Ambassador Nikki Haley will leave at the end of the year, the latest departure from President Donald Trump’s national security circle.
Gold Silver Reports (GSR) – Trump-Kim Summit Looks to Be Back on Track with US and North Korean Officials Meeting in the DMZ — On Sunday, Trump confirmed officials from both countries are meeting in the Korean Demilitarized Zone. “Our United States team has arrived in North Korea to make arrangements for the Summit between Kim Jong Un and myself. I truly believe North Korea has brilliant potential and will be a great economic and financial Nation one day. Kim Jong Un agrees with me on this. It will happen!” Trump tweeted.
Gold Silver Reports (GSR) – U.S.-China Tensions Simmer While Both Say There’s No Trade War — Serious talks “have not really begun yet,” Larry Kudlow, head of the White House National Economic Council. “We haven’t yet given China a list of demands on what we want,” Kudlow told reporters later on Friday at the White House. “We haven’t done that but such a list is under discussion.”