Gold Overtakes S&P Year-To-Date As China Threatens Tariffs On US Ag Goods

The bloodbath is accelerating after reports that China confirms it "won't rule out tariffs on on US agricultural goods," adding that US ag products "have a bright future, if promises are kept."

Risk markets did not like that...

Stocks are puking...

Dow is down over 700 points...

Bonds, Bullion, and Bitcoin are bid...

And gold is beating the S&P year-to-date...

How many points before Mnuchin calls?