Equity Markets Head Lower On Threat Of Trade War

GOLD

Based on the trade war threat the equity market headed lower from opening and the Gold market quickly moved higher. Gold is truly your most popular safe haven investment. This morning China retaliated Trumps 25% tariff increase with threat of stop buying our agricultural products and cutting Boeing Aircraft. This information drove the Gold price up to $1,302 per ounce, before seeing sizable short selling. At 11am PDT today, Gold is trading at $1,300 per ounce, up $13 on very strong volume.

SILVER

Silver didn’t immediately follow Gold higher, but traded mostly unchanged during the day. Silver and other precious metals aren’t following Gold higher. At 11am PDT today, Silver is trading at $14.77 per ounce, up $0.04 on active volume.