It’s On - Whether You Call It a Trade War or a Trade Dispute

April 2, 2018 - 6:24pm

 by Gary Wagner

Gary S. Wagner - Executive Producer

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Gold Forecast: Proper Action

This morning we issued a Trade Alert: Buy Gold @ Market

Buy June 2018 gold (Current $1345.4 ). Place stop at $1330

Maintain long gold and stop

Gold Market Forecast

Although the reaction to Trumps tariffs seem to lag behind the announcement, a response by china today certainly did not. What ever you want to call the dispute between two super powers, it meets the definition of a trade war. History tells us this event could hurt both countries. Look for higher gold prices and continued pressure in US Equities.

Sentiment Indicator:
Gold -> Bullish
S&P 500 -> Bearish
Bitcoin -> Bearish