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Gold Prices: GLD Jump Due to Trump Threat? [VIDEO] | The Mesh Report

Gold Prices: GLD Jump Due to Trump Threat? [VIDEO]

Mike Hammer August 9, 2017 Comments Off on Gold Prices: GLD Jump Due to Trump Threat? [VIDEO]

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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A 5 Day SPDR Gold Trust Fidelity Chart

That, folks, is what we call “geopolitical instability.”

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