FLASH GAGE – Dow Drops and Gold Climbs

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

The Dow is down over 180 points at the time of this report this morning after being in positive territory early in the day.

President Trump had a town hall session with the Conservative Republicans this morning who wanted to add amendments to the Health Care Bill before indicating they might be on board helping pass the bill on Thursday.

As President Trump exited the meeting he expressed a not so sure response to the question
asked by a reporter if he believed that he has all the votes needed to pass the Health Care Bill.

At that point stocks headed south and gold rallied. A derailment of the Health Care Bill stalls the expected Tax cuts which in turn slows down the economy which in turn reduces the chance of further rate hikes. Case in point: Gold is now up nine dollars after trading lower in the early morning hours.

Have a wonderful Tuesday.

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