henrymakow.com – Nov 8, 2019
Ultimately gold is just a shiny stone. The $US is just paper. All markets depend on a buyer and a seller.
They all depend on psychology. In a crisis, it’s hard to predict what gold will do, but most likely it will fall as people sell to cover their other losses.
by Henry Makow PhD
The price of gold is a measure of the psychological state of society.
It moves up whenever there is a whiff of trade war, financial or political instability or any other war. It usually goes in the opposite direction of the market as a whole.
It spiked in August when Trump and China engaged in a tariff tit-for-tat. It has faded recently on “trade optimism.” Lately, it has been fixated on this deal. In fact, there is no trade deal but the market has not realized that.
The gold market is like a baby in a crib. Just jingle some keys and its mood will change immediately. Of course, the Illuminati business media decides what baby will see. They have been juicing the stock market to record highs on trade “optimism.” Today, Trump implied that this optimism is totally manufactured. There is no trade deal but the market is grasping at straws.