Kerr Mines Inc (KER)

[goldenpolarbear]

« ..."We’ll have an update later today,” Sanders told DC reporters Wednesday. “The president’s going to continue to hold China responsible for its unfair trade practices. This has gone on long enough, and he’s going to do something about it."

There are two ways to look at this. First, there is an old adage in financial markets that says the least anticipated risk by the market is what poses the biggest risk to the market. So are $200 billion of China tariffs a surprise? No. Is going from 10% to 25% a huge surprise? Not really. Will the market correct on the news if the tariff charge more than doubles today? Yes. But we have seen this before. Down 400 one day, up 300 the next.

The worst case scenario is that China is tariffed on everything it exports to the United States or around $500 billion worth of goods.

To date, China has tariffed on at least $50 billion. Beijing has retaliated in kind, with another $50 billion of U.S. imports hit with 25% tariffs at the ports there.

https://www.forbes.com/sites/kenrapoza/2018/08/01/trade-war-update-trump-to-announce-more-china-tariffs/#26a8d4cf5bf0

Hmmm, if the tariffs are increased eventually the Price of Gold will POP imho https://kerrmines.com/