Gold Pops Another 26 Dollars in Response to Trump's Threats

Mish

With Mideast tensions high and rising, gold just popped another 26 bucks.

Gold futures are up another $26 over the weekend in response to Mideast tensions and Trump's threats of retaliation against both Iran and Iraq.

Let the Highest Bidder Win

Background

In case you missed it and are wondering what's going on.

  1. Yesterday, Trump assassinated Qasem Soleimani, Iran's military leader.
  2. The Left Wing "Liberal Media" Cheers War and Assassinations. The cheerleader list includes CNN, NBC, the WSJ, CNBC, and USA Today.
  3. Warmonger fools like senator Lindsey Graham (R-SC) piled on, pressuring Trump to 'Crush Iranian Economy' By Targeting Oil Refineries After Assassination
  4. In response, Iraq to Expel US Troops and Iran Cancels Nuclear Agreement
  5. In response to Iraq threatening to expel US troops, Trump threatened Iraq and Iran, including cultural sites.

Trump Threatens Iranian Cultural Sites

"Some at a very high level & important to Iran & the Iranian culture, and those targets, and Iran itself, WILL BE HIT VERY FAST AND VERY HARD."

Gold Up 3.8% Since January 1

  • Gold is up $26 as of this moment and up $58 since January 1.
  • Gold was priced at $1521 at the start of the year and is now to $1579.

Gold vs Faith in Central Banks (and Governments)

I do not know if this pop will last through tomorrow, but I do have the question everyone ought to be asking.

Is Everything Under Control?

Might I suggest "Not Even Close"?

Mike "Mish" Shedlock

Comments (14)
No. 1-6
michiganmoon
michiganmoon

I am worried that this assassination will be a great propaganda tool for terrorist organizations.

lol
lol

Gold could care less about Trump and his warmongering,it does care the fed getting ready to drop a multi trillion dollar fresh round of QE and rate cuts and the 300 billion dollar monthly deficit,the 2 plus trillion dollar "official"yearly deficit,but we all now it's more than double that.Gdp tracking at 1.4%lol,less than 50% chance that there will even be an election if the Trump junta gets there way......that's what gold's lookin at.

Rvrider
Rvrider

It’s a wonder that gold is not over $5000 given all the debt, Fed flip-flops, political acrimony, international tensions, trade and currency wars, epidemic drug abuse and homelessness, advances in hypersonic weapons, wars and rumors of wars, rampant immortality, Godlessness, political corruption, and promises to forcibly steal the property of the top 10% to shower free stuff on the bottom 90%. The last one alone should be enough to cause intelligent wealthier people to buy physical gold by suitcase.

Rvrider
Rvrider

... but don’t worry, everything is under control!

Germ
Germ

Patience Rv - by the time this new decade is over, gold could be over $50,000 and a loaf of bread $25. The money printing that’s coming in order to square off both the unrepayable debt and the unfunded liabilities (both federal and state) will be in the order of 10s of Trillion$. Today’s FED balance sheet of $4T will then seem tiny - just as the $400B as it once was now looks to have been.

jivefive99
jivefive99

The supermarkets are full, the gas stations are all open, and best I can tell, the electricity is still on. Dont fall into the same trap the Washington establishment is pushing ... the world still isnt coming to an end .. yet. :)


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