Here is an astonishing look at the fierce trading in the gold market, a major u-turn by this central bank and trouble brewing in the US and China.
Gold’s Pullback
July 1 (King World News) – Peter Schiff: “Gold is selling off tonight on the news of a trade deal with China. There is no deal. All that happened is that Trump backed down from his threat to increase tariffs on Americans buying Chinese goods. Even if there is eventually a face-saving deal, it’s not bearish for gold!”
The Real Reason Why People Are Finally Buying Gold
Peter Schiff continues: “People are finally buying gold because they’re waking up to reality – something they should have known a long time ago, and that’s that the Fed is never going to be able to normalize interest rates.”
Longest In History
Holger Zschaepitz: “Tomorrow is July, which means that we will officially be entering the longest economic expansion the U.S. has ever seen. (See chart below).
ALL THINGS MUST COME TO AN END: All-Time Record US Economic Expansion
Fed U-Turn
Holger Zschaepitz continues: “Traders sticking to Fed rate-cut bets despite trade truce as tariffs remain. 3 Fed cuts priced in within next 12mths. (See chart below).
3 Fed Rate Cuts Priced In Within 12 Months
BONUS INTERVIEW:
To listen to Doug Casey’s just-released KWN interview discussing his prediction of financial and economic chaos and a panic into gold CLICK HERE OR BELOW:
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Trouble In China
Jeff Snider at Alhambra Partners: “From Caixin: ‘Overall, China’s economy came under further pressure in June. Domestic demand shrank notably, foreign demand was still underpinned by front-loading exports, and business confidence fell sharply.’ (See chart below).
WARNING: Trouble Brewing As China’s Economy Under More Pressure And Business Confidence Falls Sharply
About The Expected Pullback In Gold
Graddhy out of Sweden: “Getting the expected pullback (in gold) today. Could get a symmetry move to the move seen to the left on this chart between the two blue lines, i.e. quick down-n-up move in order to backtest neckline. Fib 50% sits right at my neckline. (See chart below).
WATCH $1,350 LEVEL IN GOLD: Expected Pullback In Gold May Produce Quick Down-N-Up Move
Despite Pullback, Gold Price To Accelerate Higher
READ THIS NEXT! GLOBAL WRECKING BALL IN MOTION: Despite Volatility, Why Gold Price Is Set To Accelerate Thousands Of Dollars Higher CLICK HERE TO READ
***KWN has now released an extremely important audio interview with Dr. Stephen Leeb discussing why he believes that the price of gold will soar above $10,000 and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
More articles to follow…
In the meantime, other important releases…
BREAKING: Greyerz – Another Swiss Bank Can’t Find Their Client’s Gold CLICK HERE TO READ
Central Banks See Massive $2.2 Billion In Losses On Gold Shorts, But Here Is Why It May Get Much Worse CLICK HERE TO READ
This Is Remarkable, Plus 3 Absolutely Shocking Charts CLICK HERE TO READ
Stephen Leeb – There Is An 80-90% Chance Of This Happening In The Gold Market CLICK HERE TO READ
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