LIVE Gold Prices $  | E-Mail Subscriptions | Update GoldSeek | GoldSeek Radio 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

GoldSeek.com to Launch New Website
By: GoldSeek.com

Is Gold Price Action Warning Of Imminent Monetary Collapse Part 2?
By: Hubert Moolman

Gold and Silver Are Just Getting Started
By: Frank Holmes, US Funds

Silver Makes High Wave Candle at Target – Here’s What to Expect…
By: Clive Maund

Gold Blows Through Upside Resistance - The Chase Is On
By: Avi Gilburt

U.S. Mint To Reduce Gold & Silver Eagle Production Over The Next 12-18 Months
By: Steve St. Angelo, SRSrocco Report

Gold's sharp rise throws Financial Times into an erroneous sulk
By: Chris Powell, GATA

Precious Metals Update Video: Gold's unusual strength
By: Ira Epstein

Asian Metals Market Update: July-29-2020
By: Chintan Karnani, Insignia Consultants

Gold's rise is a 'mystery' because journalism always fails to pursue it
By: Chris Powell, GATA

 
Search

GoldSeek Web

 
Wall Street Keeps Cool As Tariff Threat Grows

By: Rick Ackerman, Rick's Picks

 -- Published: Wednesday, 19 September 2018 | Print  | Disqus 

https://www.rickackerman.com/wp-content/uploads/2018/09/If-investors-were-worried.jpg

Wall Street has done a great job tuning out a tariff war that has grown every bit as menacing as Smoot-Hawley must have seemed in 1929. Admittedly, even Rick’s Picks at its most dour assumed just a few short months ago that everything would turn out hunky-dory.  Clearly that has not been the case, at least not so far, and the prospect of China capitulating at the eleventh hour appears to be dimming. Perhaps Monday’s mild weakness in the broad averages -- blithely retraced and then some on Tuesday -- was caused by a few sensible traders tiptoeing toward the fire escape? If so, they are going to miss one heckuva a rally should the Chinese finally come around. That statement implies the outcome is still a straddle bet, although premium sellers who are handicapping it could raise the ante to near-infinity before most traders get their trousers on one newsworthy morning. Trump’s latest levy on Chinese goods amounts to $200 billion, and he’s threatening hundreds of billions more. The numbers are so big that most us have lost track.  This is a very dangerous game, and investors should not be comforted by the fact that, as of midnight Monday, the smart money had not lost its cool. But if Trump should accidentally create his own perfect storm, tipping the economy and Congress the “wrong” way more or less simultaneously over the next six weeks, the Dow will shed 10,000 points so fast that no one will escape. It’s still not too late to join those tiptoers. If you don't subscribe to Rick's Picks, just click here for a free two-week trial. It will give you instant access not only to the chat room, but to actionable 'touts', intraday alerts and impromptu ‘requests’ sessions online.


| Digg This Article
 -- Published: Wednesday, 19 September 2018 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2019



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer


Map

The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, Gold Seek LLC, is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.