Trump anomaly... Irrational market needs to settle!
Presidential Twitter rants remain bizarre without historical comparison or precedent for guidance. Position of strong vs weak dollar desire is becoming more fluid every day. Huge infrastructure spending stimulus not looking to be so generous as touted. And delayed. National and international confusion... As Brexit and EU issues mount.
Gold should be going up, as it has been, with all the daily surprises and tensions. But, the 100 day honeymoon is about due to be shortened in a big way, in my opinion and the dollar will likely rise, temporarily with gold near term. Gold will then falter with the dollar staying strong as Europe continues to hold rates low. High vs low rates will cause the real tension and set up. But, US rates will not continue to rise over time as expected, as reality finally sets in, exposed for being just pie in the sky. More signs of EU separation/contagion develop as their elections unfold. The combined mess with continued US unknowns and daily, weekly, monthly US policy instability continues and election promises become even more delayed. EU was always doomed to fail from the start and financial turmoil ensues. Twitter rants keep stirring the pot and things really explode. Gold becomes the 'new' reality and finally takes off on a new cycle. The dollar will be strong and do alright too!
Or not... Russia and/or China may decide on a completely different ending.
Gold still goes up either way, but we are not starting the new long term cycle up to the sky just yet.
