[Home] [Headlines] [Latest Articles] [Latest Comments] [Post] [Sign-in] [Mail] [Setup] [Help]
Status: Not Logged In; Sign In
|
Ron Paul See other Ron Paul Articles Title: WSJ: If This Candidate Gets Elected, It’ll Be Bad for the Dollar and Good for Gold WSJ: If This Candidate Gets Elected, It’ll Be Bad for the Dollar and Good for Gold Donald Trump The emergence of Donald Trump as the GOP front-runner and possibly becoming president has caused some gold and investment analysts to suggest diversifying into gold. Here’s the report from the Wall Street Journal: “The other winner from Super Tuesday could be gold. “With Donald Trump solidifying his status as the front runner in the Republican field, some investors and analysts watching from overseas say that the ascendancy of the brash New York businessman could rattle global markets as the November presidential election inches closer. Nervous investors, they say, could pile into gold and other safe-haven assets as an insurance policy.” The WSJ quotes David Govett of London-based commodities broker Marex Spectron: “‘The mere thought would suggest a good opportunity to buy gold,’ said Mr. Govett, who heads the firm’s precious metals trading desk. “Who knows what could happen should he be handed the keys to the White House.” James Sutton, a London-based portfolio manager on the global natural resources equities team at J.P. Morgan Asset Management agrees: “If there’s any uncertainty regarding the U.S. election and the potential for a slightly off-center candidate, whether that be Sanders or Trump winning the election, then I can see a scenario where that’s bad for the dollar.” As we’ve reported many times before, gold’s fundamentals are still very sound and the possible “Trump gold factor” – if there is one – is only one of a myriad of fundamental factors driving the gold market: Geopolitical turmoil – spreading from the Middle East into Europe and beyond – burnishing gold’s safe haven status Doubts about the health of the global economy and financial system and the longer-term impact of the slump in oil prices forcing investors to look for insurance policies Slumping stock markets around the world pushing investors into alternative assets, particularly gold These are only a few and we can list many more supporting factors for gold. Do you agree with this premise that a Trump presidency would be bullish for the yellow metal? Poster Comment: C'est la vie. Post Comment Private Reply Ignore Thread
|
||
|
[Home]
[Headlines]
[Latest Articles]
[Latest Comments]
[Post]
[Sign-in]
[Mail]
[Setup]
[Help]
|
||