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Wednesday, March 22, 2017 9:28:51 AM
He wanted to get rid of Obamacare, I'm all in on that but the new bill is a joke. Where is the health savings accounts? Where is increased competition by shopping across state lines and portability? Oh wait, those things will come later they say. Just like spending cuts will always come later just not right now. The savings from this would pay for the tax cuts he wants. I don't see that coming anytime soon.
It's almost April and we have nothing passed to stimulate the economy yet. How many investors still think a Trillion dollar infrastructure plan is coming? It may come but not for a while. How long can wall street wait?
I have said for a while that Q1 GDP would be below 1%. The Atlanta fed came out recently with .9%. I think they are cockeyed optimists. I expect another downgrade before the number is released.
Look at the dollar versus the Yen. It was at 115 a few weeks ago now around 111.20. I thought raising rates makes the Dollar stronger. LOL. I thought raising rates was bad for PM's. LOL.
The 200 day moving average is in the $1260 area for gold. We need to punch through that.
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