Lynette Zang: A Global Threat – US & China CLASH OF THE TITANS

US & China division is sending global markets deep into bear territory. What’s going on, and what are the implications for gold? Here’s Lynette…

by Lynette Zang of ITM Trading

The Asia-Pacific Economic Cooperation summit ended on November 17th. Vice President Pence was there, as was President Xi, it was not a pretty meeting. In fact, for the first time in the 21-member Pacific Rim groups history, they were unable to end with a joint statement, exposing deep divisions between the US and China and sending global markets deeper into bear market territory. Perhaps that explains the 28% surge in global gold coin and bar demand and the expansion of central banks buying gold at levels last seen in 2015, when the current currency peg system began to break down.