{"id":147505,"date":"2019-05-10T18:55:35","date_gmt":"2019-05-10T22:55:35","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=147505"},"modified":"2019-05-10T18:55:35","modified_gmt":"2019-05-10T22:55:35","slug":"us-increases-trade-tariffs-against-china-markets-gold-and-silver","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/05\/us-increases-trade-tariffs-against-china-markets-gold-and-silver\/","title":{"rendered":"US Increases Trade Tariffs Against China \u2013 Markets, Gold, and Silver"},"content":{"rendered":"
May 10, 2019<\/div>
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By TheTechnicalTraders.com<\/u><\/a><\/strong><\/p>\n

Today, the US increased tariffs on $200B of Chinese goods as the US\/China trade deal breaks down.\u00a0 China has vowed to retaliate for the move.\u00a0 The past week has seen the global markets shocked by two items: Iran sanctions and US\/China trade breakdown.\u00a0 The markets had been expecting a US\/China trade deal to be reached and optimism was quite high \u2013 hence the rally in the Chinese stock market and the rally in the US stock market.\u00a0 What next?<\/p>\n

Well, we believe this news, as well as future news that will likely hit the markets over the next 3+ months, will continue to prompt the Shake-Out we have been warning about.\u00a0 Depending on how severe these news events are, the rotation in the markets could be quite severe as well.<\/p>\n

Our recent analysis suggests that recent lows in the US stock market may be near-term support and that the US stock market may attempt to form a bottom near these lows.\u00a0 Our research shows the Transportation Index is leading this move.\u00a0 We believe the ORANGE Moving Average level, as well as the RED and GREY Fibonacci projection points, will act as a temporary price floor this week and next.\u00a0 The YM could move lower by 100 to 200 points today, retesting these low levels, before recovering near the end of the day.<\/p>\n

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Gold is showing signs of a potential upside price leg in the early stages, just as we had been suggesting.\u00a0 Our April 21~24 momentum base call from months ago appears to be incredibly accurate.\u00a0 At this point, we are just waiting for the upside price swing to begin.\u00a0 When it starts, the momentum behind this upside move will increase as it will catch the attention of many gold traders and solidify the \u201cfear\u201d aspect of this move.<\/p>\n

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Silver is still lagging behind Gold \u2013 as usual.\u00a0 We continue to believe the real opportunity for a great trade lies in Silver.\u00a0 The potential for a $22 o ~$28 upside price swing on a market breakdown or fear play is still very solid.\u00a0 Headed into the 2020 US election cycle and with all the uncertainty in the global markets, we believe this is the \u201csleeper trade\u201d of the next 16+ months.\u00a0 When Gold begins to breakout to the upside, Silver should follow about 20 days later.<\/p>

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Free Reports:<\/p><\/div>\r\n

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<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

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These new US trade tariffs puts pressure on China to come to the table and develop and honest deal.\u00a0 This is not the old way of slow negotiations with no real consequences.\u00a0 For China, the lack of access to the US market could be devastating in both the short and long run.\u00a0 Skilled traders should not be overly optimistic throughout this weekend.\u00a0 Protect your longs and prepare for more news over the next few weeks.\u00a0 This is the type of market that will make or break many traders.<\/p>\n

UNIQUE OPPORTUNITY ONLY IN MAY<\/strong><\/p>\n

On May 1st we talked about the old saying goes, \u201cSell in May and Go Away!\u201d and that is excactly what is happening now right on queue. In fact, we closed out our SDS position on Thursday for a quick 3.9% profit and our other new trade started Thursday is up 18% already.<\/em><\/p>\n

Second, my birthday is only a few days away and I think its time I open the doors for a once a year opportunity for everyone to get a gift<\/strong> that could have some considerable value in the future.<\/p>\n

Right now I am going to give away and shipping out silver rounds to anyone who buys a 1-year, or 2-year subscription to my Wealth Trading Newsletter. I only have 11 left as they are going fast so be sure to upgrade your membership to\u00a0a longer-term subscription or if you are new, join one of these two plans, and you will receive:<\/p>\n

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1-Year Subscription Gets One 1oz Silver Round FREE<\/strong>
\n(Could be worth hundreds of dollars)<\/p>\n

2-Year Subscription Gets TWO 1oz Silver Rounds FREE<\/strong>
\n(Could be worth a lot\u00a0in the future)<\/p>\n

I only have 13 more silver rounds I\u2019m giving away
\n\u200b\u200b\u200b\u200b\u200b\u200b\u200bso upgrade or join now before its too late!<\/p>\n

SUBSCRIBE TO MY TRADE ALERTS AND GET YOUR FREE SILVER ROUNDS!<\/a><\/strong><\/p>\n

Happy May Everyone!<\/p>\n

Chris Vermeulen – TheTechnicalTraders.com<\/u><\/a><\/strong><\/p>\n

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 <\/p>\n","protected":false},"excerpt":{"rendered":"

By TheTechnicalTraders.com Today, the US increased tariffs on $200B of Chinese goods as the US\/China trade deal breaks down.\u00a0 China has vowed to retaliate for the move.\u00a0 The past week has seen the global markets shocked by two items: Iran sanctions and US\/China trade breakdown.\u00a0 The markets had been expecting a US\/China trade deal to […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-147505","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/147505","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=147505"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/147505\/revisions"}],"predecessor-version":[{"id":147506,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/147505\/revisions\/147506"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=147505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=147505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=147505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}