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(USAGOLD – 9/25/2019) – Gold tumbled today after President Trump told reporters that a trade deal with China could come “sooner than you think.” Jim Chanos, a oft-quoted bear on the stock market, called the resulting upside in stocks “a gullible response.” “And..3…2…1…,” Chanos tweeted, “the stock market falls for the ‘China Trade Deal’ line again, I have been reliably told that AI-driven trading programs are ‘constantly learning and adapting.’ Lol, ok.” (As reported by CNBC.)
Gold has given up $27 on the day to stand at $1505. Silver is down 71¢ at $17.98. If you are among those thinking that gold volatility has increased, it is not your imagination. (Please see below.) We will soon find out if Asia is going to buy the dip or pile on the sell side. . . . . . .Thus far $1500 is holding firm.
Source: USA gold
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