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Gold Spikes, Yuan & Futures Plunge As Asia Opens After Trade War Tit-For-Tat

Courtesy of ZeroHedge View original post here.

Somehow, FX and equity futures traders are shocked that the tariffs that Trump had said would hit today, have actually gone into effect – and China has retaliated (just as it said it would)…

Offshore Yuan has erased all of Thursday's panic-buying relief idiocy…

Source: Bloomberg

Gold is spiking..

Source: Bloomberg

And Futures are getting hammered (Dow futs were down over 300 points before bouncing)…

So, all that short-squeezing, low-volume exuberance has gone (for now).

Of course the plunge-protectors are stepping in…

Can they hold it until Tuesday?


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