Precious Metals Rally Up to Trump Inauguration… Now What?
news.goldseek.com / By Clint Siegner / Tuesday, 24 January 2017
Gold and silver are off to a good start in 2017, advancing again last week into Donald Trump’s inauguration.
If recent history is a guide, this year could bring some nice gains in precious metals. Bloomberg reports there have been gains in the gold market in the year following 6 of the past 7 presidents’ first inauguration. The average gain is 15%, dramatically outperforming the S&P 500 which loses, on average, about 1%.
***
Recent gains in metals were driven largely by weakening in the Federal Reserve Note, aka the dollar. The dollar lost ground despite some hawkish remarks from Janet Yellen. Her speech was overshadowed by comments from Donald Trump. He expressed concerns about what the strong U.S. dollar means for the U.S. balance of trade – particularly when it comes to China. The DXY index fell back toward levels last seen in early December.
This week, investors will continue watching events in Washington DC. Trump is expected to sign more executive orders today. There will also be economic data to digest, including the first estimate of 4th quarter GDP, which will be published Friday.
The post Precious Metals Rally Up to Trump Inauguration… Now What? appeared first on Silver For The People.
Source: http://silveristhenew.com/2017/01/24/precious-metals-rally-up-to-trump-inauguration-now-what/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).
| Online: | |
| Visits: | 1,599,952,908 |
| Stories: | 8,140,814 |
Whistler Blowers, Insiders
