European and international stocks are outperforming as the US trade initiatives seek to rebalance international trade, which will of course be reflected in lesser need for USD (capital account reflection).
Updating the pictures in gold, silver and platinum where the ultra powerful rally in gold continues to be fed by the decline in the U.S. Dollar as well as daily changes in the current Trade Wars.
I wrapped up the trading week with twenty-eight bearish positions. Here are second half of the positions, zoomed in to the most salient portions of the chart:
Are gold’s outperformance and long-term potential of any real value to an investor? The answer -- and this might shock you -- is an emphatic “no.” Here’s why.
The geopolitical conditions do make a lot of sense for gold to continue higher, as there are a lot of tariffs, tensions, and of course, concerns about geopolitics.
Just because it's a holiday weekend doesn't mean that the banks aren't still raising their gold price targets. with UBS, the latest to shift to their more extreme scenario.
Gold has maintained its strength after hitting record highs earlier this month, reflecting its enduring status as a safe-haven asset amid global uncertainty.
While the dollar is depreciating rapidly, symbolizing a global decline in confidence, American retail investors remain paralyzed, unable to benefit from gold's spectacular rise.
The S&P 500 saved itself from today's Fed fatigue but finished well off session highs, as investor optimism dulled amid interest rate and tariff uncertainty.
