Here is a look at today’s violent trading in the gold market and a warning for stock market bulls.
Audio interviews will resume this week on KWN!
CPI, Dollar And Gold
September 12 (King World News) – Peter Schiff: “June core CPI is up 2.4% year-over-year, the biggest jump in 11 years. Yet the Fed is about to cut rates again because the cost of living is rising too slowly. Once the dollar begins falling against other fiat currencies rather than just gold, consumer prices will rise faster.”
German Bond Yields Reverse Higher
Jeroen Blokland: “Aand it’s gone! The German 10-year bond yield is now up for the day as investors do their math. QE to infinity requires a rise in the issuer limit. And the ECB is unlikely to cut rates much further.
German Bond Yields See Dramatic Plunge Followed By Violent Reversal
This May Be A Warning For Stock Market Bulls
Sven Henrich: “What if you get rate cuts, QE, and a China tariff delay all in the same day and it only gets you 9 handles on the S&P?”
Today’s Gold Pullback
King World News note: The initial rally in gold was erased by the end of the day. This is all a normal part of the correction that the gold market has been undergoing following the massive surge during the summer months. As Richard Russell used to say, it is extremely hard for most people to stay long during a bull market because the bull wants to take as few riders with it as possible. As a result, most investors get shaken out and miss the really big moves. Stay long and relax.
Gold Spiked As ECB Launched QE And Cut Rates, Plus A Big Surprise
READ THIS NEXT! Gold Surges More Than $25 As ECB Cuts And Launches QE, Plus A Look At Today’s Big Surprise CLICK HERE TO READ
More articles to follow…
In the meantime, other important releases…
MAJOR GOLD UPDATE RELEASED: Massive Upside Target Along With Limited Downside Target CLICK HERE TO READ
An Important Look At Gold And The US Dollar, Plus The Chart Of The Day CLICK HERE TO READ
Today’s Market Note From UBS Legend Art Cashin, Who Has Sent Out These Notes For Well Over 3 Decades CLICK HERE TO READ
BIG PICTURE: Very Bullish Outlook For Gold CLICK HERE TO READ
© 2019 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. However, linking directly to the articles is permitted and encouraged