2016-11-29 — suremoneyinvestor.com
The idea that a Trump presidency will bring higher economic growth that will be bad for gold is shortsighted at best. Frankly, this thesis misses the other thing that Mr. Trump will bring (and that already exists though it is not picked up by phony government statistics), which is higher inflation. Rather than selling gold, investors should be using prices under $1220/oz to add to their positions.
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Not only that, but a lethal combination of higher rates, higher yields and a stronger dollar could easily wreak havoc on stocks as we move further into 2017... I would not lose any sleep about higher rates hurting stocks until the 10-year yield hits 2.75%, but we need to see how the market reacts when the Federal Reserve raises rates in mid-December....
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