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Gold/Mining/Energy : Gold Price Monitor

GDXJ 121.93

+0.8%

4:00 PM EST

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To: Real Man who wrote (108541)	4/9/2018 5:11:27 PM
From: Rarebird	Read Replies (1) of 116845

There is no question in my mind that the 200 DAY EMA on the S&P is going to go; this reminds me of 2013 when GDXJ kept on finding support at $40; it must have taken 6 or 7 attempts before $40 broke and then it went to $32 quickly. Two closes below 2500 SPX and watch out below. I am really appalled at the way Trump is handling trade negotiations with China. Making threats is no way to negotiate. What kind of leverage is that when other people, like Clown Kudlow, say it's a negotiating ploy. If China knows it's a bluff, why take the threat seriously. Plus, you don't negotiate in that manner. I am assuming that there is at least a 50/50 shot of a full scale trade war, stock market decline, a rush into bonds and the Fed will have no other choice but to stop tightening. In that scenario, tech and multinationals will get hit the hardest. Interest rate sensitive sectors, such as utilities and REITs should hold up very well. And TLT will rally. I hope I am wrong and this gets resolved. But I have my doubts. I don't see China flinching. They can always manipulate their currency and sell some US Treasuries. Horrible sentiment all around.

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