Stocks dip, gold hits record, after Trump’s latest tariff salvo Auto stocks fall on latest Trump tariff shot
Dollar up against Canadian dollar, Mexican peso
Gold hits record high
Global stocks dipped and gold hit a record high on Thursday in the wake of U.S. President Donald Trump’s latest tariffs that expanded the trade war to auto imports.
Trump announced 25% tariffs on all vehicles and foreign-made auto parts imported into the United States late on Wednesday, scheduled to take effect on April 3. This weighed on Japan’s Nikkei <.N225> and South Korea’s KOSPI KOSPI stock markets.
Countries around the globe threatened retaliatory tariffs.
U.S. stocks shook off initial declines and were roughly unchanged while automakers slumped. General Motors GM tumbled about 8%, while Ford F dropped more than 4%, reflecting concerns about the impact on their supply chains. U.S.-listed shares of Stellantis STLAM fell about 3%.
The Dow Jones Industrial Average DJI rose 20.71 points, or 0.05%, to 42,478.39, the S&P 500 SPX climbed 6.42 points, or 0.12%, to 5,718.66 and the Nasdaq Composite IXIC advanced 21.25 points, or 0.09%, to 17,920.27.
Yes I got it from Jay – this is where the difference between our trading approaches comes to play.
For me, it is a Pattern that will decide next move ( I guess so far you have figured out when I say “pattern” I don’t mean those well known SHS, wedges and stuff )
For me most important right now is how the Bar will close/open
keep buying gold 
