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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (57502)	4/9/2019 10:59:24 AM
From: Goose94	Read Replies (1) \| Respond to of 203329

Gold: Shines on Dark Days June ’19 gold futures price finds support in threats to U.S. and Euro equities markets, supply limits, and a weaker dollar this morning. President Trump is threatening significant new tariffs on European goods, taking some of the confidence out of the U.S. and Euro stock indices. The U.S. dollar has been in a near term downward trend since Apr 5th and needs significant positive news before seeing a reverse in momentum. Adding support to gold prices is the strike conditions in South Africa lowering production to 36% of year-ago levels which is slightly less than anticipated for these conditions, and China buying more gold for their reserves in March. With the alternatives looking weaker today, limits to supply, and a demonstrated demand? In my opinion, the outlook for the shiny stuff is bullish in the near-term. However, caution is to be paid to any positive news for equities or strength in the dollar. Gold Jun '19 Daily Chart Eric Scoles