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The sneaky trade for soaring gold prices (not buying gold)

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Is this a smart money move?
 
   
     
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Thursday, April 24th
Every moment is a golden one for him who has the vision to recognize it as such. 

-Henry Miller
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Markets Today
 
 
🌏 Asia-Pacific: Mixed
 
🇪🇺 Europe: Mixed

🇺🇸 United States: Mixed

🛢️ Oil: Up

Crypto: Down
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Major Market Events 
 
​PepsiCo cuts annual profit forecast amid trade war turmoil
 
Leveraged equity ETFs popular as investors bet on market recovery
 
China remains defiant, says US should revoke all tariffs
🤔 My Thoughts
 
 
Yesterday we got a reprieve in the markets as the administration seemed to soften slightly on its trade war positions.

But with more hawkish comments coming after hours… and hawkish responses from China we may be headed right back into the volatility roller coaster.

Now even as the broader market behaves like a drunken toddler…

There have been a few bright spots, including crypto and defense contractors. We’ve been covering those, and done nicely on some of those ideas…

But the obvious winner of the last few months has been gold, as it has climbed to record-breaking prices, flirting with $3500 an ounce.

But the really clever “gold trade” may not be gold at all.

 
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To Better Trading,

Alex Reid
Wealthpin
 
WealthPin
   
     
   
 

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