FLASH GAGE – Equity and S&P UP / Gold Down on Trump Tax Mention

Flash Gage - News Headlines that Impact precious metals as they happen.

President Trump meeting with airline executives at the White House this morning announcing to the American people you will be very pleased with my tax plan that will be announced soon.

Equity markets react positively to the news. S&P hitting an intraday high after the news. Gold declining off the news as we view the dollar and Ten Year treasury yields up on the news.

The CME WATCH TOOL indicator, for the possibility of a rate hike in March up slightly on the news, up from 4 percent chance to 9 percent. Still nothing to be concerned about.

Levels of support indications are $ 1228 in the April gold contract and $ 17.48 in the March
Silver contract. I expect if these levels are violated we will see the current rally over for a while, but my sense is they will hold.

Have a wonderful Thursday.

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