Phil Carr
The Gold & Silver Club
December is certainly shaping up to be an incredible month ahead for Commodity traders.
A flood of headlines on Tuesday rattled the global equity markets after President Donald Trump indicated he was in no hurry to sign a trade deal with China and that another round of tariffs would be imposed on $160 billion worth of Chinese goods on December 15. President Trump also indicated that it might be best to wait until after the 2020 presidential election before striking an agreement.
A subsequent shock to the markets from an additional round of tariffs this month could likely trigger a significant stock market sell-off – similar to the pullbacks seen in May, August and more recently in the last few days. Such a scenario, would ultimately send precious metal prices skyrocketing!
Looking ahead, some of the key economic events that traders will not want to miss out on include; U.S Nonfarm Payrolls data, the final FOMC meeting of 2019, UK Election, ECB Policy decision and of course Trump’s latest round of tariffs on China, scheduled for December 15.
Where are commodity prices heading next? Watch Phil Carr at The Gold & Silver Club review Gold with the latest price forecast and predictions:
Trading has large potential rewards, but also large potential risk and may not be suitable for all investors. The value of your investments and income may go down as well as up. You should not speculate with capital that you cannot afford to lose. Ensure you fully understand the risks and seek independent advice if necessary.
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