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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 379.87+0.4%Nov 11 4:00 PM EST
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To: carranza2 who wrote (149905)8/8/2019 2:04:59 PM
From: Rarebird  Read Replies (1) of 217711
 
When Trump started the trade war with his first tariffs, I smiled when he said he can win the trade war against China. It was a tragic smile because I thought his above comment was very dangerous and naive. Trade wars are not winnable as Trump thinks. The stock market, as measured by the S&P 500, has gone absolutely nowhere since he ushered that assinine remark in February 2018. Lot of drama both up and down, but essentially the index is flat over the past 18 months.
Now I wouldn't expect you to understand my logic. But most gold traders do. It is really very simple: Trump's goal is to destroy China, economically speaking and render her another vassal of the USA. The tariffs are suppose to break China, economically speaking. Gold traders don't expect Trump to change course. To change course and make concessions, would require some humility and an admission of an initial error of judgement. Trump has too much pride and thinks he knows it all to change course or become pragmatic. Trump thinks he knows it all and can break China, economically speaking, through increasing tariffs. What has resulted so far has been the opposite of what Trump has expected. He thinks China will come begging to him ready for a deal.
The Gold Market thinks Trump is a fool and the only thing he is going to accomplish if he stays the course is destroy the US expansion. He knows recession is coming and that's why he wants to try to avert it through his attacks on the Fed to drastically lower rates. Gold ( meaning gold traders) knows what a baffoon Trump is and where his tariffs lead.
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