$GLD and $SLV Prices as of June 3 2019 @moneymetals
10:21 AM
June 3, 2019 -- Gold moved higher last week and again this morning as escalating concerns over trade rattled the equity markets.
President Trump announced tariffs on Mexican imports overnight on Thursday. The tariffs are intended to pressure the Mexican government into helping stem the tide of people crossing the border illegally. However, the move caught investors by surprise and the S&P 500 lost 1.3% Friday.
The President has enjoyed solid popular support for tariffs. That may be tested in the months ahead if Americans start feeling the impacts.
Price increases for some consumer goods should become more noticeable, and 401(k) values could start sliding.
The recent drop in long-term interest rates is also making equity investors nervous. The yield on the 10-year Treasury bond fell below the yield on the 3-year note – a rare occurrence which often signals the onset of recession.
Silver finished last week essentially unchanged and rose this morning. Some experts, including Craig Hemke of TF Metals Report see indications that the bullion banks may have finished the most recent wash cycle. They appear now to be building more of a long position and will seek profits at the expense of speculative shorts as prices are allowed to move higher.
Check out live precious metals prices here:
https://goo.gl/gy5XMA
President Trump announced tariffs on Mexican imports overnight on Thursday. The tariffs are intended to pressure the Mexican government into helping stem the tide of people crossing the border illegally. However, the move caught investors by surprise and the S&P 500 lost 1.3% Friday.
The President has enjoyed solid popular support for tariffs. That may be tested in the months ahead if Americans start feeling the impacts.
Price increases for some consumer goods should become more noticeable, and 401(k) values could start sliding.
The recent drop in long-term interest rates is also making equity investors nervous. The yield on the 10-year Treasury bond fell below the yield on the 3-year note – a rare occurrence which often signals the onset of recession.
Silver finished last week essentially unchanged and rose this morning. Some experts, including Craig Hemke of TF Metals Report see indications that the bullion banks may have finished the most recent wash cycle. They appear now to be building more of a long position and will seek profits at the expense of speculative shorts as prices are allowed to move higher.
Check out live precious metals prices here:
https://goo.gl/gy5XMA
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