Wall Street has doubts after partial trade deal: ‘I don’t think this gets us to Christmas’

CNBC/Bob Pisani/10-12-2019

“Investors cheer a partial trade deal with China but soon realize there is no clear timeline for removing existing tariffs.”

USAGOLD note:  Once again, the initial reaction might not have been the true reaction.  The Dow Jones lost 200 points of its gain yesterday in the last half hour of trading after being up as much as 500. Simultaneously, gold retraced much of its losses yesterday finishing down $5.50 on the day at $1489 after falling as low as $1475.

Chart showing gold recovery from $1475 to $1489

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