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Trump Honeymoon Ends Before Marriage Begins – Ep. 221

  • As I said on a prior podcast, this could be the first Presidential Honeymoon to end before the marriage officially begins
  • Donald Trump will not be sworn in until Friday
  • Yet the Honeymoon already appears to be over for the Trump Trade
  • The dollar continues to decline again today; gold continues to rise
  • Confounding the experts who, at the beginning of the year, predicted the opposite
  • Gold up again today about $14 it was up $4-5 yesterday, on the Martin Luther King holiday
  •  We’re now at about $1217 for the price of gold
  • We’re still below where we were the day Trump won
  • But this is the highest we’ve been in about 6 weeks, maybe more
  • It’s certainly the highest for the year
  • Dollar down across the board; dollar index at the low for the year
  • Still up from Trump’s victory but down quite a bit from the highs
  • Of course, other currencies, even though the dollar index is down 2%
  • You’ve got currencies like the Australian dollar up 4.5%
  • So that currency has pretty much recovered everything that it lost based on the Trump victory
  • Gold, although it hasn’t recovered everything, it’s still up almost 6% so far year to date
  • Silver’s up better than 7% year to date
  • Gold stocks, look at the GDX, up 12% so far this year
  • That means that gold stocks by far is the top performing sector in 2017
  • They were by far the top performing sector in 2016
  • I actually think the out-performance in 2017 will be even greater than 2016
  • The Dow, down again, at one point it was down close to 100
  • Dow transports ended down over 100
  • I think the Dow is basically flat on the year – slightly positive
  • The NASDAQ was down 35 points; S&P down as well
  • So U.S. stocks are barely moving
  • Foreign stocks – some of these emerging markets are up huge, especially priced in U.S. dollars
  • All the foreign markets, thus far in 2017 are beating the U.S. market
  • Again, that is not what all the experts were expecting from the Trump Rally