Author: James Alexander Michie
Lately, there has been a certain decline in the cost of gold since, under the same trend, it has fallen around eleven percent since its peak in April, despite the concerns that have arisen due to the effects of the new trade policies instituted in the economy of the United States.
Meanwhile, according to the co-founder of DeCarley Trading and author of "Higher Probability Commodity", Carley Garner, the current situation is not as serious as it seems, since in his view the precious metals could be willing to go back, since the amount of the gold has not yet reacted to the trade war, to what could be considered as an unprecedented budget deficit or the nascent rebound of inflation in addition to it according to Garner, the inflation in aggrandizement and the enormously high government debt could leave as a consequence that the precious metals will be forged as the most popular in Wall Street. In the same way, Garner analyzed a table of seasonal patterns in the gold market of Moore, Research, Inc and said that in conclusion according to his criterion maybe has started what is possibly the best time of the year to bet on gold , explaining that in equal conditions it is better to have seasonal patterns in favor than to fight against them.
On the other hand, Garner says that those who are afraid of inflation, trade policy, rising rates in addition to the budget deficit, it is not necessary that they undo their actions, in fact, consider that it would be convenient to buy gold as insurance in response to economic chaos that you see today, perhaps through GLD.
Meanwhile, it is important to note that gold prices recovered, thus eliminating previous losses in a report that in turn indicated that the United States and China could restart trade negotiations.
Take a read: jamesalexandermichie.com/james-alexander-michie-possible-insurance-economic-chaos-cnbc/
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