Precious metals expert Michael Ballanger discusses the effects of Donald Trump’s comments on the U.S. dollar and trade with Canada on precious metal prices.
As I muse delightfully this afternoon over my quote terminal, I am enthralled to take note of silver’s uncanny ability on Tuesday to actually listen to my cares and concerns and mount a 2.5% rally against a paltry 1.6% for gold into what has been the first of many of what I alluded to on the weekend—the insertion of a large Donald Trump boot directly into the very large Donald Trump mouth with his overnight comments about the USD being “too strong.” The resultant crash in the USD has caused a rally in the T-bonds and a crash in stocks despite efforts being made everywhere to stick save stocks and cap gold and silver.
Also contributing to a wonderful day of freezing rain and accelerated garbage pick-up here in lovely Port Perry was the revelation that the Commercials in the bond pits are massively long the T-bond futures and massively short the USD futures, which is being played out wonderfully today amidst pre-Inauguration shenanigans being planned by the populist Millennials displeased with their soon-to-be-removed free cell phones and loss of populist leader Hillary Clinton. The fact that the Clinton Foundation has begun to dismantle the Clinton Global Initiative so soon after the election fiasco should never be recognized as a failed political maneuver but rather as a “change of strategy” now that all of the donors expecting political favors after January 20 have come to realize that the tens of millions given to Slick Willie and Co. is now money up the flue never to be recovered in favors of any kind nor currency of any flag. Anyone that has ever watched “Boiler Room” should agree that Bill …read more