200 Billion in tariffs against China

Looking at the prices of the precious metals, we see them slightly lower compared to yesterday. So the 200 Billion in tariffs against China did not have much influence. Maybe because the actual tariffs are lowered from 25% to 10%.

Basically we see a sideways movement forming in the price of around $ 1,200 an ounce.

Looking at the dollar and the stock exchange, they are all going upwards today as people still believe in the Dollar and stocks as “safe haven”.

Whether this believe is sustainable is not sure. Time will tell, but don’t be surprised as this situation will hold for a while.

With that said I am still bearish for the precious metals for the short term and even lower prices can be expected. However for the longer term I am actually a lot more optimistic.

The present market situation is for the longer term not sustainable. Some form of reset in these markets will be inevitable is my belief and the precious metals could play a key role in this reset as an asset-base in a new system and therefore gain back its role as the ultimate store of wealth.

To which price level? .......... Again time will tell.

Make up your own mind and look and learn from historical and present financial processes.

Enjoy!