Deal inked with China. This means peace over Taiwan. This means China’s turn to have demand side econ some 40 years from now will be accepted. But in reality the cycle will place China behind the US now and EU later, the Chinese will have an off primary cycle position.
Gold is coming off a high. I can not claim to be in the know here or have the best explanations. I did expect gold to fall somewhere from around 3500 per ounce.
Global stability between the US and China…and the EU…along with Japan, SK, UK, and India is a problem for gold as the economic cycle moves on.
Again the US solution is only tied to raising the corporate tax. We do not go far otherwise.