President Trump – Why Market Loves Him and Experts Wrong
by John Stepek, Editor of Money Week
“If the question is when markets will recover, a first-pass answer is never.”
I have to feel sorry for Paul Krugman. The Nobel prizewinning economist was clearly gutted by Donald Trump’s victory.
- Presidential Donald Trump (Photo by John Moore/Getty Images)
Yet he also managed to sum up in that one impassioned line (written in The New York Times in the immediate aftermath of the vote), why people don’t trust “experts”.
The Dow Jones is now trading at an all-time high. That might not last, but it’s a pretty definitive rebuttal of that dangerous little word, “never”.
Worse still, for Paul though, is the reason that the Dow is now trading at an all-time high.
It’s because markets believe that Trump might just do exactly what Paul and his fellow left-ish economists have been crying out for for years.
See full Money Week article here
Gold and Silver Bullion – News and Commentary
Gold drops to 5-month low as dollar strengthens (Reuters.com)
Gold down in Asia after China industrial output, retail sales noted (Investing.com)
Details of gold sales sought from over 600 jewellers (IndiaTimes.com)
India gold premiums jump, bargain hunting props up China demand (Reuters.com)
India’s shock bank note ban sparks cash chaos (Reuters.com)
So much for experts – here’s why the market loves Trump (MoneyWeek.com)
World’s $150 trillion debt edifice shaken by Trump victory (Telegraph.co.uk)
Regardless Of Price, Gold Investment Demand Increases On Rising Market Uncertainty (GoldSeek.com)
Andrew Maguire – Paper Gold Market Trades Jaw-Dropping 6,800 Tonnes In One Day! (KingWorldNews.com)
Laughing all the way at the banks (Independent.ie)
Gold Prices (LBMA AM)
14 Nov: USD 1,222.60, GBP 9,978.08 & EUR 1,136.53 per ounce
11 Nov: USD 1,255.65, GBP 9,991.96 & EUR 1,154.45 per ounce
10 Nov: USD 1,280.90, GBP 1,034.07 & EUR 1,175.48 per ounce
09 Nov: USD 1,304.55, GBP 1,050.42 & EUR 1,176.84 per ounce
08 Nov: USD 1,284.00, GBP 1,034.26 & EUR 1,162.02 per ounce
07 Nov: USD 1,286.80, GBP 1,036.13 & EUR 1,162.50 per ounce
04 Nov: USD 1,301.70, GBP 1,042.79 & EUR 1,172.57 per ounce
Silver Prices (LBMA)
14 Nov: USD 17.20, GBP 13.73 & EUR 15.95 per ounce
11 Nov: USD 18.59, GBP 14.73 & EUR 17.09 per ounce
10 Nov: USD 18.75, GBP 15.11 & EUR 17.20 per ounce
09 Nov: USD 18.81, GBP 15.12 & EUR 16.96 per ounce
08 Nov: USD 18.26, GBP 14.72 & EUR 16.54 per ounce
07 Nov: USD 18.22, GBP 14.67 & EUR 16.47 per ounce
04 Nov: USD 18.30, GBP 14.65 & EUR 16.48 per ounce
Recent Market Updates
– ‘Helicopter Money President’ Trump To Create Inflation and Gold Will Rise
– Central Bank Gold Demand continues in Q3
– Trump Victory Sends Gold Surging 5%
– An uncertain election outcome looks good for gold
– Ignore past elections, this one’s too uncertain
– Gold may be the only winner in US elections
– The London Gold Market – ripe for take-over by China?
– Diwali, Gold and India – Is Love Affair Over?
– Silver Krugerrands By South African Mint Coming Soon – Massive Clearance Sale on Gold Krugerrands
– Trump “Will Probably Win” and Gold “May Rise $100” Overnight – Rickards
– World Is Out of Weapons
– Gold Is The “Kardashian of Commodities” – Herbert & Keiser Interview Skoyles
– Value of Gold – Unlike Paper Currency Gold Maintained Value Throughout Ages
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