Loading ...Good to see it back above $17, especially with the USD flat after yesterday’s beat down.
This could turn into a really good day for us if the SM doesn’t recover.
Morning Maddog
ZH made the case yesterday for rising yields in agreement with you – although for fundamental reasons. We are seeing yields lower this am with weakness in the SM. I personally think rising yields are going to stifle gold unless we see big moves down in the USD at the same time, but who knows? Certainly not me.
More trade tussles
France Vows Retaliation Over $2.4 Billion U.S. Tariff Threat
France’s government said the European Union would retaliate if the U.S. follows through on a threat to hit about $2.4 billion of French products with tariffs over a dispute concerning how large tech companies are taxed.
The decision by the office of the U.S. Trade Representative marks a setback for efforts to stop a conflict over a digital services tax. The levy, which the USTR says “discriminates against U.S. companies,” would hit the revenues of large tech companies including Google, Apple Inc., Facebook Inc. and Amazon.com Inc.
The American tariffs in response could target sparkling wine, cheeses, handbags and makeup.
https://finance.yahoo.com/news/u-proposes-duties-2-4-232736141.html
Buygold
my Guess on Bonds, is that the Fed letting inflation rip, plus whole world still long and end of year, is causeing the rates to rise……can see more yet, long term as 10’s have v good Triple top, 10 months rally and only 5 month correction and still o/b on Monthlys.
SM
Just doubled to the downside.
Where’s the PPT this am?
Course the damn thing has been straight up for about a decade, so down a couple hundred DOW points doesn’t even constitute a scratch.
Looks like we’re in for a good open
Nothing too crazy up, but solid in small caps.
Rates moving lower, downside SM follow thru – at least at the open – but we know how that goes.
Still, we had a strong December in pm’s last year, maybe we’ll get lucky this year?
Doesn’t look like there will be any good China trade news coming out for a stick save anytime soon.
Ha Maya!
No That One with Schiff is Funny!!!!
The dude is a serious cartoon character.
