actually you didnt say it yesterday - you said it 2 days ago and...

actually you didnt say it yesterday - you said it 2 days ago and failed to respond when asked to provide a rationale

gold reversal has zero to do with trade war - gold fell 1290 to 1214 with trade war 'hot' and $500bn in tariffs under discussion

i realise its pointless tryign to educate people who have no understanding of economics - but gold trend doesnt get priced on conflict or war. gold rose 2003-2007 and 2009-2012 with none of those in sight

gold is quite clearly linked to this economic cycle

it fell 2012-2015 as US recovered and US dollar pricing in expectation of future interest rate increases

its gone sideways for 3 years as US rates rose but non US nations recovered and their currencies started pricing in their corresponding rise in bond values - muting the USD and so USD gold price

now - late in US economic cycle - market starts to price in effect of lowering terminal rate in US rates (FOMC has downgraded its expectation for its terminal rate this cycle from 4.75 to 3.5% in past 2 yrs)

as expectation of how high rates will go drops and inflation increases - long end of the bond curve lowers - curve moves closer to inversion - gold should rise because it has greatest value when real intertest rates are low or below zero (currently below zero)

the real rate sets the gold price trend - but currency differentials cause big 'noise' in gold price as USD pivots around - because currencies dont work just off rates

no point getting ahead of oneself

but the bias in gold price should be up and perhaps rapidly so given spec shorts will be on gold to go lowers as traders arent generally good economists

theyll generally just think US strong economy means gold must fall