If Trump is elected would we see PM's rise?

tneig

I don't think I've seen any forecast on that. Could markets get worried and rise over a presidental election result?

jmski52

I think that the extent to which an election makes holders of assets nervous about taxes, confiscation, social unrest - those types of things might have an effect on the metals.

The U.S. stock market climbs a wall of worry. The metals respond more as a hedge against a total loss of confidence in the markets, loss of confidence in the currency itself or a systemic breakdown in government.

If hyperinflation occurs, it's a confluence of multiple factors rather than a single cause but I don't think that there's a specific or discreet formula for its occurrence.

Trump's election might be seen as a crisis by some or as a vindication by others. Any president can set the tone for a new administration, and the international US Treasury bondholders may or may not like the tone.

Most all of the world's diplomatic relationships have been changing for the past 3 administrations, so it's hard to predict how a Trump presidency might fit into the new dynamics. It's wait & see on many levels.

ricko

I think initially, there will be no effect. However, if Trump manages to push through economic reform policies and lucrative trade agreements, this could strengthen the dollar and that would likely push gold down..... JMO.... Cheers, RickO

derryb

Originally posted by: ricko
I think initially, there will be no effect. However, if Trump manages to push through economic reform policies and lucrative trade agreements, this could strengthen the dollar and that would likely push gold down..... JMO.... Cheers, RickO

Regardless of what happens here the dollar is going to continue receiving support from euro and yen.

TwoSides2aCoin

He is a winner. She is a winner. The winners are for us. That's why I buy gold.

cohodk

Originally posted by: derryb

Originally posted by: ricko
I think initially, there will be no effect. However, if Trump manages to push through economic reform policies and lucrative trade agreements, this could strengthen the dollar and that would likely push gold down..... JMO.... Cheers, RickO

Regardless of what happens here the dollar is going to continue receiving support from euro and yen.

Anything you can see that would cause that support to disappear?

derryb

Originally posted by: cohodk

Originally posted by: derryb

Originally posted by: ricko
I think initially, there will be no effect. However, if Trump manages to push through economic reform policies and lucrative trade agreements, this could strengthen the dollar and that would likely push gold down..... JMO.... Cheers, RickO

Regardless of what happens here the dollar is going to continue receiving support from euro and yen.

Anything you can see that would cause that support to disappear?

DB dumping all their derivatives at a profit.

Seriously, nothing in the near future, euroland will continue to be a mess in many ways. As for Japan, well they've been trying to get it fixed for decades.

Look for the FED to periodically weaken dollar. Strong dollar is not good for exports and related jobs.

cohodk

Originally posted by: derryb

Originally posted by: cohodk

Originally posted by: derryb

Originally posted by: ricko
I think initially, there will be no effect. However, if Trump manages to push through economic reform policies and lucrative trade agreements, this could strengthen the dollar and that would likely push gold down..... JMO.... Cheers, RickO

Regardless of what happens here the dollar is going to continue receiving support from euro and yen.

Anything you can see that would cause that support to disappear?

DB dumping all their derivatives at a profit.

Seriously, nothing in the near future, euroland will continue to be a mess in many ways. As for Japan, well they've been trying to get it fixed for decades.

Look for the FED to periodically weaken dollar. Strong dollar is not good for exports and related jobs.

That's more or less been my stance for almost a decade now. King dollar!!

The US doesn't make anything, so ive told on this forum, so no big deal of a strong dollar on the US, right?

Inflation is much closer than many think, so all is not lost.

tneig

Yeah! I can't wait to loose some money. So I can make some selling off PMs.

Inflation is much closer than many think, so all is not lost.

ricko

The foreseeable future seems to indicate a strong dollar... so, barring a black swan event, gold will remain in the doldrums...with the continuing slight ups and downs...Cheers, RickO

CaptHenway

I think that there would be an immediate and deep drop in the Dollar. Look at what happened when the Brits voted for something completely against their best interest. By all logic gold would skyrocket.

derryb

@CaptHenway said:
I think that there would be an immediate and deep drop in the Dollar. Look at what happened when the Brits voted for something completely against their best interest. By all logic gold would skyrocket.

Didn't the Brits vote for something that is completely in their best interest?

PaleElf

I agree. It was in their best interest.

DeepCoin

I believe that if Trump is elected, and IF he follows his stated path (big IF), that gold will rise.

coinspacks

just keep stacking

hchcoin

That is a cool stack especially with the black background and the knife gives it a good touch as well

derryb

How Will the Election Outcome Impact Precious Metals?

"This election is the most fascinating we've ever witnessed. But the fundamental drivers behind precious metals go far beyond the office of president. That is why you should expect prices to be dramatically higher 4 years from now, regardless of what happens at the ballot box in three weeks."

EagleEye

@derryb said:

@CaptHenway said:
I think that there would be an immediate and deep drop in the Dollar. Look at what happened when the Brits voted for something completely against their best interest. By all logic gold would skyrocket.

Didn't the Brits vote for something that is completely in their best interest?

Brexit could be in Britain's best interest in terms of control over immigration, not good for their economic best interest.

derryb

@EagleEye said:

Brexit could be in Britain's best interest in terms of control over immigration, not good for their economic best interest.

I believe Britain exports more to the EU than it imports. While immigration concerns drove the Brits to their decision, It is in their economic best interest that they free themselves from EU non-elected leaders who are empowered to tax and pass dumb laws and quotas concerning production on all EU members. Kinda like no child left behind - reward one group at the expense of the other group.

derryb

a win by the one who wants to raise capital gains taxes would result in a massive equity sell off at the end of this year. Proceeds from that sell off will be looking to go elsewhere. Gold?

derryb

Trexit?

topstuf

http://kingworldnews.com/this-will-translate-into-a-100-spike-in-gold-overnight/

derryb

don't sweat the election, the next crisis is already baked into the cake

"Crisis is coming and governments (whether left or right, populist or establishment) will respond as they always do, with easier money and more borrowing."

derryb

Stockman: "Dump it all (except cash and gold)"

CaptHenway

I suspect that the splunge in gold this afternoon was an immediate reaction to the FBI's announcement that there was nothing in the latest batch of emails, thereby increasing the chances that Clinton will be elected, and thereby decreasing the chances that Trump will tank the U.S. economy.

derryb

wall street and its puppets tanked the economy in 08. But this puppet is different?

Baley

"No puppet. No puppet. You're the puppet!" he famously said to her

PerryHall

Hillary is the typical tax/borrow and spend liberal. If she wins I see inflation in our future which should cause an increase in the prices of tangible assets such as precious metals.

ricko

With my record on predictions (I think I may have had one right), I should not make one on the election.... Cheers, RickO

CaptHenway

@PerryHall said:
Hillary is the typical tax/borrow and spend liberal. If she wins I see inflation in our future which should cause an increase in the prices of tangible assets such as precious metals.

But metals are tanking today because Hillary Clinton is going to win the election.

derryb

@CaptHenway said:

@PerryHall said:
Hillary is the typical tax/borrow and spend liberal. If she wins I see inflation in our future which should cause an increase in the prices of tangible assets such as precious metals.

But metals are tanking today because Hillary Clinton is going to win the election.

metals tanking because dollar is gaining strength. threat of a house cleaning has been reduced. threat against the status quo and their fiat currency has been reduced.

ricko

Well... the dollar, the house (cleaning), the status quo and fiat may be in for a shock... We shall see.... will check in tomorrow night - late.... Cheers, RickO

cohodk

@CaptHenway said:

@PerryHall said:
Hillary is the typical tax/borrow and spend liberal. If she wins I see inflation in our future which should cause an increase in the prices of tangible assets such as precious metals.

But metals are tanking today because Hillary Clinton is going to win the election.

Because Trump is pretty much clueless and his proposed policies would create a recession AND add massive amounts to the national debt. TRUMP is gold's best friend.

derryb

central banks and reckless fiscal policy are gold's best friends. The puppets are only attached to a different set of strings being controlled by the same hand. Anyone who believes the puppet is in control is absolutely clueless. The real choice boils down to which puppet is attached to fewer strings.

CaptHenway

@cohodk said:

@CaptHenway said:

@PerryHall said:
Hillary is the typical tax/borrow and spend liberal. If she wins I see inflation in our future which should cause an increase in the prices of tangible assets such as precious metals.

But metals are tanking today because Hillary Clinton is going to win the election.

Because Trump is pretty much clueless and his proposed policies would create a recession AND add massive amounts to the national debt. TRUMP is gold's best friend.

And America's worst nightmare!

cohodk

@derryb said:
central banks and reckless fiscal policy are gold's best friends. The puppets are only attached to a different set of strings being controlled by the same hand. Anyone who believes the puppet is in control is absolutely clueless. The real choice boils down to which puppet is attached to fewer strings.

Central banks have to try to fix the mess the politicians constantly create. Fix the fiscal house and there is no need for a central bank. As long as populism reigns, central bankers have job security. Trump and Hillary seem quite popular. What a shame.

derryb

@cohodk said:

@derryb said:
central banks and reckless fiscal policy are gold's best friends. The puppets are only attached to a different set of strings being controlled by the same hand. Anyone who believes the puppet is in control is absolutely clueless. The real choice boils down to which puppet is attached to fewer strings.

Central banks have to try to fix the mess the politicians constantly create. Fix the fiscal house and there is no need for a central bank. As long as populism reigns, central bankers have job security. Trump and Hillary seem quite popular. What a shame.

central banks are the policy makers' puppet. Even the puppets have puppets.

You forget that the FED is owned by those pulling the Washington puppet strings. FED don't fix nuttin. FED is Wall Street's vacuum cleaner.

Justacommeman

Ya, we are very screwed either way...... Sad but true. I weep

mark

DrBuster

I'm voting Comacho, he's our only hope.

cohodk

@Justacommeman said:
Ya, we are very screwed either way...... Sad but true. I weep

mark

There is always opportunity and great opportunity can arise from chaos. Dont be scared, be prepared.

VanHalen

I an an article in the yesterday's WSJ calling for higher "safe-haven" prices if Trump is elected.

Nostradamus predicted a masculine woman would beat the "trumpet" though so don't count any profits yet.

Downtown1974

@Justacommeman said:
Ya, we are very screwed either way...... Sad but true. I weep

mark

@Justacommeman said:
Ya, we are very screwed either way...... Sad but true. I weep

mark

Mark, I know it may appear that I have my head in the sand, but I'm not going to worry until you start wearing tight pants. Then, and only then.....will chaos ensue.

MilesWaits

The coronation has begun. Trump renewed interest in voting to his demise.
Gold will rise to the beat of its own drum.

ChrisRx

If trump wins, metals will be the least of our worries.

PerryHall

I see a lot of Trump bashing. Let's not forget that Obama will have nearly doubled the national debt by the time he leaves office. What effect does an ever higher national debt have on the price of gold especially after a few of interest rate hikes? How will the government find the money to service this debt especially with increased interest rates? I see high inflation in our future.

derryb

the foreseeable economic future has already been cast in stone. What can be changed is the long term future. Either candidate is going to experience a bad economy for the next few years.

Justacommeman

@Downtown1974 said:

@Justacommeman said:
Ya, we are very screwed either way...... Sad but true. I weep

mark

@Justacommeman said:
Ya, we are very screwed either way...... Sad but true. I weep

mark

Mark, I know it may appear that I have my head in the sand, but I'm not going to worry until you start wearing tight pants. Then, and only then.....will chaos ensue.

Ha! I still rock skinny jeans on occasion but alas this trend is in the 9th inning.

@ChrisRx said:
If trump wins, metals will be the least of our worries.

True. But the alternative may actually be worse.

@cohodk said:

@Justacommeman said:
Ya, we are very screwed either way...... Sad but true. I weep

mark

There is always opportunity and great opportunity can arise from chaos. Dont be scared, be prepared.

True. Not scared just have a sick feeling that this is going to be a one term disaster of epic proportions. The saving grace is that one party won't be running all threes branches. Thank God for checks and balances.

mark

Baley

Thank God for checks and balances.

Well, Him and our Founding Fathers

ChrisRx

Remember folks, there is a difference between the worst president ever and the last president ever.

If trump wins, I am buying as much gold as I can.

Justacommeman

@ChrisRx said:
Remember folks, there is a difference between the worst president ever and the last president ever.

If the stock prices the last few days are any indication, we know who we can expect to win tonight.

A funny thing happened on the way to the road to 270.

In a perfect world the House and Senate go republican and Hillary wins a nail bitter with less then zero mandate. What a debacle for the DNC no matter the result. Embarrassing all things considered

mark

VanHalen

Stunning results thus far. Wikileaks emails revealing Donna Brazile gave debate questions to the Clinton team and James Comey's statements are moving the needle IMO. Everything looked good for Clinton until the voting started.