Loading ...This bullish market would seem to squash gold and is putting a cap on it as well as expectations of inflation that never to now seem to materialize. The market being forward thinking can be attributed to Trump on this side of the world even having a secondary affect with exports from abroad.
I don’t think it’s a real good idea for Trump to point to it as the left will jump to blame him if it has a pullback. This this tax break to businesses I wonder if some of these companies are bailing on the Demos and hitting their pocket books. They are awful mad but not nice people anyways and also wonder how many are sitting in cash.
The only reason it appeared to move up with Obama was there was no real place to put it.The economy didn’t move with it. Now these companies have real reasons on expectations of lower taxes.
I don’t begrudge the market moving up as it is helping a lot of people’s retirement fund and their money is working for them now not some time in the future maybe after their dead like gold. That’s why I won’t ever be long gold as a retirement income but a position trade except phyzz for a insurance policy.
People not expecting Trump to win were on the bearish side with the economy ” business as usual”and taken by surprise. That may of even pushed gold down as people will now move to cryptos. That makes gold a waiting game and it’s pattern appears to be a lifetime waiting game. Gold going down since 1980s finally moving up after 20 years most of the companies then no longer exist today. Those who bought the high in silver in 1980 had to wait till 2011 just to break even. You can see my frustration in this post lol
Maddog
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