Possible Trade War? It’s Time to be Looking Back at the Smoot Hawley Act of 1930 History has a cyclical way of repeating itself, and looking back at the Smoot Hawley Act could provide some crucial lessons right now. The big news of the week for the economy was President Trump’s announcement that the U.S. […]
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Gold Regained Traction as Trump Found Fault with Fed Policy
Gold Regained Traction and Climbed to $1,200 Again Gold had its first weekly gain in over a month this week. By Friday with gold prices up $20, gold regained traction enough to remain firmly over the $1,200 mark. It had been wavering back and forth over $1,200 earlier in the week though. Metals had been […]
Trade War Fears, Market Sell-Off, and Fed Action Triggers Moves This Week
Trade War Fears Spark Market Sell Off It was another dramatic week for the markets as the Dow fell over 700 points on Thursday due to trade war fears. In fact it was the worst week for stocks in over two years. President Trump announced the likelihood of tariffs on at least $50 billion worth […]
Mining Experts Caution that World Gold Supply Is Running Out
Mining Experts Caution that World Gold Supply Is Running Out The miners are getting nervous as it appears the world gold supply is running out. Experts are warning that discoveries of gold are becoming more difficult to find. In fact, they expect to hit “peak gold” (which is the maximum rate of extraction) within a […]
Trade War with China Dominated Market Movement
Gold Made Slight Gains for the Week Gold posted slight gains for this week after battling tough headwinds the last couple of weeks. It closed over $1,250. On Wednesday with the U.S. markets closed for 4th of July, gold hit over $1,260 on the global exchange. The dollar softened and fear levels were elevated this […]
Gold Hammered by Strong Dollar Friday
Gold Hammered by Strong Dollar Friday As Trade War Remains in Focus Precious metals struggled Friday. Though gold hit a two week high earlier in the week climbing to $1,313, Friday saw gold hammered by strong dollar index. Trade war and tariffs dominated headlines. President Trump levied 25% tariffs on 800 Chinese imported goods, and […]
Gold Fluctuated with the Dollar This Week
Italian Bond Drama Continued This Week European geopolitics continued to cause volatility in the markets this week. Last week, Italy in particular triggered concern, and this week the Italian bond drama continued. This week, the Italian 10-year bond yield was at a 4 year high while the Italian 2-year yield had its biggest jump in […]
Trade Talk and Dollar Weakness Supported Gold This Week
Dollar Weakness Supported Gold Precious metals headed higher this week with gold hovering around $1,200. Dollar weakness supported gold prices, but gold stayed fairly quiet. Silver hovered around $14.50. Trade talk once again was a mover for both gold and the dollar. President Trump announced the possibility of new tariffs for China in the ever-escalating […]
Gold Continued to Rally on Trade War Fear This Week and Stagnating Output
This Week Gold Continued to Rally on Trade War Fear, Stocks Got Slammed The biggest news this week for the markets and gold was trade war fears. Gold continued to rally this week as China and the U.S. imposed and threatened new tariffs on each other. By Friday the Dow had fallen nearly 3%. The […]
Mixed Week for Gold as Trade War, Geopolitics & Jobs Data Drives Markets
Mixed Week for Gold Starts with Rally It was a mixed week for gold this week. Monday started out with gold continuing its upward move from last week and crossing $1,330 midweek. On Friday though it fell to just over $1,320. Silver also had a midweek spike. By Friday though, metals pulled back initially as […]
History Repeating Itself? Lessons from Hoover on Trade Policy
Lessons from Hoover on Trade Policy: The Smoot-Hawley Tariff Act As the Trump administration starts enacting new policy, history can illuminate some valuable lessons from Hoover on trade policy and its implications. These implications could have especially relevant repercussions today. Trade has been an cornerstone of Trump’s campaign. This week he signed an executive order canceling the […]