DislikedIs official start of US CHINA trade talks is indicating end of bullish trend of Gold? Comments please ...Ignored
- Brexit and the uncertainty of whether we'll get any EU agreement prior. It doesn't sound like we will and that's bullish for gold.
- Global uncertainty. Manufacturing data is clearly showing the world's largest economies are heading towards a period of contraction. Other data, especially out of Germany and China have given us enough evidence that investments will probably be continuing to find safety in gold over the near future.
- Tariffs. Not only tariffs on China but the US is wielding it's tariff power all over the world. It's Trump's way to force the Fed into cutting rates. Tariffs in place won't go away over night. Plus, I'm not sure the US is done putting tariffs on countries.
- Iran. Iran and the oil shipments aren't a good sign if you're a fan of peace. Threats being made, ships being seized, and tensions escalating. Very bullish for gold.
A US-China trade agreement may cause gold to head lower. Maybe even a very strong sell off. However, once that's over investors will realize that they still need safe investment vehicles in current environment.
That's my take tush1822! I look forward to hearing other views. It's a crazy world out there, let's profit from the chaos!
We must learn who is gold, and who is gold plated
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