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Gold Reversal

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Gold was already strengthening and bond yields sinking on ISM data, then surged when Trump announced tariffs.

For the bond yield picture, please see Bond Yields Crash On ISM Report, More China Tariffs: Inversions Strengthen.

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Soybeans down 14.75 is a definite "win" for Trump. What else could it possibly be?

Mike "Mish" Shedlock