*BREAKING* Unusual Gold Surge This Weekend - Major Market Shock Sunday Night?

Summary

Smart Silver Stacker discusses a surge in gold prices over the weekend, highlighting how Pax Gold, a cryptocurrency tracking gold, has risen to $2,900 despite traditional gold markets being closed. He attributes the price rise to tariffs and trade wars, with potential implications for gold, silver, platinum, and palladium. The video suggests that the market may see significant upward movements when futures markets open, presenting an opportunity for stackers. He also mentions the potential for Canadian Maple Leafs to increase in price, encouraging viewers to consider stacking before prices rise further.

Takeaways

• 😀 Gold price surged over the weekend but isn't reflected in the spot price chart.
• 😀 On Friday, gold hit a record intraday high of $2817, closing at $2797.
• 😀 Pax Gold, a cryptocurrency tracking the price of gold, trades 24/7, unlike gold paper markets.
• 😀 Pax Gold's price rose to $2900 on Sunday, suggesting a potential spike in the gold and silver spot markets when futures markets open.
• 😀 The price increase in gold is influenced by tariffs, trade wars, and geopolitical uncertainties.
• 😀 A 25% tariff was imposed on Canada and Mexico, two of the US's largest trading partners and precious metal producers.
• 😀 President Trump has threatened to double tariffs on Canada if they retaliate, escalating trade tensions.
• 😀 Platinum and palladium may be disproportionately affected by tariffs, especially if the BRICS nations are targeted.
• 😀 There's an opportunity for stackers to buy precious metals at lower prices before futures markets open and prices rise.
• 😀 Canadian Maple Leafs (both gold and silver) are recommended as a good investment for stackers, considering potential price increases.
• 😀 There's a possibility that gold could spike to $2900 when futures markets open, with $3000 potentially not far behind.

Q & A

What caused the surge in the price of gold over the weekend?

The surge in the price of gold was largely influenced by economic uncertainty surrounding tariffs and trade wars, particularly the implementation of a 25% tariff against Canada and Mexico, and a 10% tariff against China, which is the world's largest gold producer.

How does Pax Gold differ from traditional gold markets?

Pax Gold is a cryptocurrency that tracks the price of gold. Unlike traditional gold markets, such as the spot and futures markets which are closed on weekends, Pax Gold trades 24/7, making it able to reflect price changes outside of traditional market hours.

What is the significance of Pax Gold's price movement on Sunday?

On Sunday, Pax Gold rose to $2,900, indicating that there could be significant price movements in the gold and silver markets when the futures markets open, as Pax Gold trades continuously and is not subject to the same closures as traditional gold markets.

What is the expected impact of the trade tariffs on gold and silver prices?

The trade tariffs, especially those imposed on key trading partners like Canada, Mexico, and China, are expected to drive up the prices of gold and silver. The tariffs add uncertainty to the global markets, which historically increases the demand for precious metals as a safe haven.

What is the significance of the U.S. imposing tariffs on Canada and Mexico?

The tariffs on Canada and Mexico are significant because these two countries are major trading partners and large producers of precious metals. The tariffs could disrupt their supply chains, leading to higher costs for these metals and a subsequent rise in their market prices.

Why is the price of platinum and palladium expected to be disproportionately affected by tariffs?

Platinum and palladium may be disproportionately affected by tariffs, especially if tariffs are imposed on BRICS nations. These metals have more niche supply chains and are heavily impacted by any disruptions in trade, leading to potential price increases.

What does the speaker recommend to those who want to take advantage of the situation?

The speaker suggests that this could be an opportunity for stackers, as the prices of gold and silver are likely to rise soon. The speaker recommends looking into Canadian Maple Leaf coins, either in gold or silver, as they might see a price increase.

How does the timing of bullion dealers' pricing play a role in the current gold market?

Bullion dealers are still pricing based on the spot price, which is lower than the price at which Pax Gold is trading. This presents a potential opportunity for buyers to purchase gold at a lower price before the futures markets open and prices rise.

Why is the speaker focusing on the potential rise of gold to $2,900?

The speaker is focusing on the potential rise of gold to $2,900 because the Pax Gold market's movement suggests that the gold market could see significant increases once the futures markets open, which could eventually lead to gold reaching $3,000.

How might the trade war affect the platinum and palladium markets specifically?

The trade war could lead to tariffs on platinum and palladium-producing nations, particularly the BRICS countries. These metals have smaller, more specialized supply chains, and any disruptions could lead to a sharper increase in their prices compared to gold or silver.