Monday, 24 June 2019

Gold may be entering a binary event as Trump-Xi are set to meet


“The next big event is a meeting between President Trump and President Xi at the G20 in Osaka, Japan, on June 28-29.바카라 계산기 If the two sides strike a good long-term deal, the probability is high for gold to fall as much as $100 an ounce in a short period. On the other hand, if the acrimony between the two sides drastically worsens and Trump goes ahead with additional tariffs, the possibility of gold rising by as much as $200 an ounce over a period of a few days is not out of the question.”

USAGOLD note:  Interesting speculation on the future price of gold in the context of the upcoming meeting between Trump and Xi scheduled for this week in Japan.  No matter what comes of that meeting, it will not change, 바카라 고수 in our view, the fact that prudent investors will continue building physical gold and silver positions for the purposes of long-term asset preservation – including a good many in both China and the United States.
“Two key data points on Friday suggest speculators are adding plenty of cash to the rally, which could drive prices even higher.바카라 공략 Gold has now stormed past $1,400 an ounce, and is poised for the highest close since August 2013. SPDR Gold Shares, the largest exchange-traded fund backed by a commodity, attracted almost $1.6 billion on Friday, the most since its inception in 2004. CFTC Positioning: Hedge funds and other large speculators boosted their net long positions in U.S. gold futures and options to the highest since February 2018.”
USAGOLD note:  We have been tracking both of those data points regularly here at USAGOLD for quite some time. 바카라 규칙 We would mention once again that there is considerable capital sloshing around the financial markets looking for a home with safe-havens heading the list of destinations.  The rise in gold, thus far, has been rapid as a result and there has not been a whole lot of looking back thus far in the transition.