- Oil prices are down, interest rates are down (the slow moving Fed should cut rates!), food prices are down, there is NO INFLATION, and the long time abused USA is bringing in Billions of Dollars a week from the abusing countries on Tariffs that are already in place. This is despite the fact that the biggest abuser of them all, China, whose markets are crashing, just raised its Tariffs by 34%, on top of its long term ridiculously high Tariffs (Plus!), not acknowledging my warning for abusing countries not to retaliate. They’ve made enough, for decades, taking advantage of the Good OL’ USA! Our past “leaders” are to blame for allowing this, and so much else, to happen to our Country. MAKE AMERICA GREAT AGAIN!
- It's clear that Trump will not back step from China Tariff after retaliate by China, That means this Tariff more will more escalate between China vs US .
- EU has stand down as of now & watching calmly the situation may ready to dialogue with US rather than action against US.
Effect:
- All Central Bank have pause on Buying Gold as of now
- But China is Buying Gold like anything. Today Morning 6.30 to 7 am Gold take a upside by 80$ around from the Low of 2970$ Hongkong + Shanghai Exchange may have buy at this time.
- We expect to Gold touch 2915$ around from 3068$ upside.
Posted by Tradelinecapital
