Gold surges $30, closing in on $1,450, as central banks buy a record $15.7 billion in the first six months of 2019, and Trump says US will unleash more tariffs on China.
Rate Cut Odds Spike!
August 1 (King World News) – This says it all: Jeroen Blokland: “The implied probability of another Federal Reserve rate cut at the next FOMC meeting in September has spiked to almost 95% as Trump reignites Trade War with China.
WOW! Odds Of Another Rate Cut In September Spike To 95%!
…And Price Of Gold Soars
Of course that also sent the gold market soaring near the $1,450 level (see below).
Price Of Gold Reversed Higher Near $1,450 On Additional China Tariffs
Here is a look at how things look on the gold ETF GLD (see below).
Gold ETF GLD Surges Near Recent High As Gold Price Closes In On $1,450
KWN will shortly have more color on what unfolded today as all kinds of global markets experienced violent trading.
Cashin – Then The Other Shoe Fell…And The Bottom Fell Out
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More articles to follow…
In the meantime, other important releases…
One Pro Just Warned Panic Rate Cuts Coming In Fall, Investors Should Buy Dips In Gold CLICK HERE TO READ
Celente – Fed Cuts But Monetary Insanity Keeps Gold Above $1,400 Near Breakout That Will Send Gold To $2,000 CLICK HERE TO READ
FED CUTS RATES: Denial Is Powerful And Ultimately Painful, About The Fed, Plus The Biggest Surprise Of The Day CLICK HERE TO READ
Rolex Indicator Just Flashed A Major Warning, And Is The Public Broke Or Scared? CLICK HERE TO READ
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