- ITM Trading Streamed live on Aug 6, 2019
Links to slides and sources: What Scares Me, done on 6-29-19 Warning about overt currency war: https://www.youtube.com/watch?v=NALBh…
You might remember that on June 26th I did a video on “What Scares Me” where I told you that an escalation of the trade wars into a full-blown currency war with all sides weaponizing their own currencies. Unfortunately, this is now officially coming to pass. On August 5, 2019 the US Treasury Officially labelled China as a currency manipulator. Of course, spot gold spiked in terms of both the Yuan and the US Dollar but on August 5, 2019, after more massive central bank buying, gold now sits at all-time highs in at least six currencies: Indian rupee, Japanese Yen, British Pound, South African Rand, Australian Dollar and Canadian Dollar. What is this really telling us? In my opinion, wall street has now begun the fiat money to gold reset. Down the road, the government will finish the reset, but I do believe the gold reset has begun. Are you ready?