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President Trump – Why Market Loves Him and Experts Wrong


 -- Published: Monday, 14 November 2016 | Print  | Disqus 

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.

CLEVELAND, OH - JULY 21: Republican presidential candidate Donald Trump delivers a speech during the evening session on the fourth day of the Republican National Convention on July 21, 2016 at the Quicken Loans Arena in Cleveland, Ohio. Republican presidential candidate Donald Trump received the number of votes needed to secure the party's nomination. An estimated 50,000 people are expected in Cleveland, including hundreds of protesters and members of the media. The four-day Republican National Convention kicked off on July 18. (Photo by John Moore/Getty Images)

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

http://www.goldcore.com/us/


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 -- Published: Monday, 14 November 2016 | E-Mail  | Print  | Source: GoldSeek.com

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