Gold prices jumped suddenly yesterday as Donald Trump’s twitter account barked again. This time it was toward North Korea, whom, you may remember, has been on a missile-testing binge of late. Shortly after The Donald said he would respond with “fire and fury like the world has never seen” if North Korea doesn’t stop its escalations soon.
Following a poor morning showing, gold prices rallied in New York following this latest outburst by The Donald. The 5-day chart clearly shows GLD weakening, only to climb out of its pit and is heading back toward resistance.
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That, folks, is what we call “geopolitical instability.”