Dollar down ..... precious metals up

Today we noticed the prices of Precious Metals going up.

This all initiated by pressure on the US Dollar, due to the worries in the market that the tariff trade war between China and the US.

Picture from www.goldinvestments.co.uk

People are starting to realize that these tariffs can start a negative backfire for the US and other economies because it will negatively effect the complete global supply chain.

Gold is now floating in a sideways movement of around $ 1,200 an ounce. It is still my expectation that this situation will continue for a while and that lower prices still can be expected.

For the longer term, specially with the increasing global tensions, I am more bullish.

I notice that I am repeating myself, looking at my post of yesterday 😬 so basically no news. Tomorrow I will post something else!

For the goldbugs: accumulating the PM against present price levels is interesting. But make your own decisions and don’t let the emotions - sometimes initiated by people and companies who have an interest in making you buy the precious metals - take the upper hand.

Enjoy!