Live Breaking News & Updates on Smoot Hawley|Page 2
Stay updated with breaking news from Smoot hawley. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Dollar is days are nearing an end and how they determine that in their reports is that. The gold price so do you see those 2. 00 as being related and are they a little bit too doing gloom and that the u. S. Dollar is ending soon the answer to that is yes they are related but i would put it slightly differently from the way Goldman Sachs describes it there was a day earlier in this year when everything changed it was rather like you know the tide stopped going out and started coming in all from how the port if you stop coming in as a going out and that was the 23rd of march between more or less the beginning of the year and the 23rd of march markets sank the s. And p. Lost a 3rd of its value you had gold was just absolutely knocked down i mean certainly the open interest was not down there the price was a lot more resilient than you would have thought and so there were various things that really were hit i mean even cohen sort of wa ....
Resolving economic problems and at that moment the markets switched from being worried about deflation to suddenly thinking the outlook is inflation the s. And p. Took off and we are where we are now gold and silver took off the gold silver ratio collapsed from 120 down to current 70 ought they call and took off oil took off so there was that moment and i think we discussed this in an earlier. Cost with the video with the when go dipped in april because of delivery problems on cemex but apart from that oil also basically took off so did copper dock to copper which tells us that. You know the outlook was considerably improved after the fed turned around and said we will. Print whatever it takes and it was also the day when the dollars trade weighted talked and it hasnt really stopped falling since that so 23rd of march i think is a date we should all put in our diaries that was when the world changed and it is so reebok couple that any idea that for example gold is had a wonderful run t ....
At the fact that its sort through 2000. 00 do you agree with what Goldman Sachs who is one of the biggest beneficiaries of the can tell you in a fact all of the sort of money system they say that the u. S. Dollar is days are nearing an end and how they determine that in their reports is that. The gold price so do you see those 2. 00 as being related and are they a little bit see you doing gloom and that the u. S. Dollar is ending soon the answer to that is yes they are related but i would put it slightly differently from the way Goldman Sachs describes it there was a day earlier in this year when everything changed it was rather like you know the tide stopped going out and started coming in all from how the part of you stopped coming in as a going out and that was the 23rd of march between more or less the beginning of the year and the 23rd of march markets sank the s. And p. L ....
Beginning of the year and the 23rd of march markets sank the s. And p. Lost a 3rd of its value you had gold was just absolutely knocked down i mean certainly the open interest was not down though the price was a lot more resilient than you would have thought and so there were various things that really were his i mean even bit coy and sort of was pretty weak in those in the at that early time but then on the 23rd of march something happened and that was that the fed made a statement which basically set we will throw however much money it takes at resolving economic problems and at that moment the markets switched from being worried about deflation to suddenly thinking the outlook is inflation the s. And p. Took off and we are where we are now gold and silver took off the gold silver ratio collapsed from 120. 00 down to current 70 ought they call and took off oil took off though there was that moment and i think we discussed this in an earlier. Cost with the video with the when go dippe ....
Clements and i have a question are Donald Trumps trade wars helping or hurting families workers farmers and buyers of stuff in the u. S. And in the rest of the world lets get to the bottom line. It seems like ages ago but before impeachment took over the news cycle there was a different big thing on the american president s mind one a hint tariffs jarrah of. His target chinas electronics millions of Kids Christmas toys german cars european steel airplanes and canadas cow and Dairy Products he says these nations cheat and play the trade game unfairly manipulating their currencies and dumping their products onto americas market since winning the elections in 2016 donald trump has tweeted about tariffs 177 times thats right 177 times so whats the obsession all about. Fortunately we have 3 fantastic people in the room who hav ....