Bigworld, The new 25% auto tariffs have lit a fire under the metals (again), with silver moving above 35, and gold looks like a run to 3100 is in the cards soon.
Btw, I usually don't follow Cramer much, but he pointed out that Trump is unlikely to back down on his tariffs, even if they clobber the stock market, since changing course would make him look bad / weak. We'll see what happens, but next week (April 2 deadline) should be interesting, to say the least.
I've got a bad feeling about this. Cramer sees a lousy stock market through the spring / summer, and that sounds about right, barring any significant changes to the Trump tariff plan. He needs to back away / change course, which will become more obvious as the stock market continues to fall, and economic numbers deteriorate.
At least the metals have been good hedges :o)
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