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With key swing states Florida and Ohio falling to Trump the New York Times is gauging the probability of a Trump win at more than 95% (a virtual certainty that he will be the next US President at this point):
Equity futures have slumped around 4% while gold futures have soared more than 3%:
Given what markets were already looking forward to in terms of a December rate hike and Hillary’s economic proposals, a Trump win is especially bullish for gold and here’s why:
A Fed rate hike cycle is pushed out even further and there is a better than 50% that there will not be a December rate hike.
Trump’s economic policy proposals are likely to shave a considerable amount off GDP growth due to trade protectionism, this will result in more accommodative monetary policy for longer.
Trade protectionism and weaker growth are dollar negatives.
Trump is a wild card and much more of a destabilizing President than a President Hillary Clinton would be, gold does better in a chaotic backdrop as a flight to safety asset.
Foreign central banks are more likely to be accommodative in their monetary policy stance to counteract what they deem to be a chaotic environment in the US.
Gold investors have just been rewarded for their perseverance and with the yellow metal surpassing $1320 in overnight futures trading the key $1310 level becomes support once again.
Posted by goldielocks
@ 20:31 on November 28, 2016
When the media said the muslim attacker was shooting students. Then they found out it was a car, a knife and it wasn’t the gun but a ideology and one that doesn’t belong here. Opps
Posted by goldielocks
@ 19:49 on November 28, 2016
The criminals taking over the country. After enough invasion wouldn’t be surprised if they don’t start destroying ancient places because that’s what they’ll do to wipe out their history and heritage. Meanwhile Merkel has a campaign promise to remove 100K refugees if re elected. Oh how nice of her so they can turn around and come back. Sure she will. She’ll just send them to Italy or other neighboring countries while taking in more.
You are right, didn’t understand a word the gal was singing, but I vote for NOW. And let me tell you, I closed my eyes and could feel the pain in her voice. Undoubtedly she must be a Goldbug.
I am not seeing much in the charts at the moment but I remain cautiously optimistic for our PM’s. Just seems to me we have been in a dry spell for too long. Even a small break to the upside would be welcomed relief.
Don’t know about the brave quote. Sometimes there is a fine line between bravery and being insanely tenacious. Perhaps Goldbugs share an equal amount of both? How about this one, ” nothing good ever comes easy.” Heaven knows the Gold Trail aint always been an easy one. Or maybe this one, “Where there is life, there is Hope.” And I’m hoping you don’t run off, but will hang out a little more often at the pond…er, The Oasis. You have been missed.
Now, get busy and go find something in those PM charts that would lend us a word of encouragement. Or maybe find us another good song or tune. Maybe one with at least English subtitles? 🙂
Leaving you a pot of tea and some music so you can concentrate on those charts.
That is the feeling I get watching the action this morning. Three of my ponies up 5+ percent today. They are itching for a breakout. If the banksters let their foot slip off our necks for even a few days, ….I’m day dreaming again. 🙂
Deep breath….patience….maybe we need to take some baby steps first ?
Treefrog, you got the coffee pot. You up for a game of Dominoes ? 🙂
Posted by goldielocks
@ 11:52 on November 28, 2016
I hope they catch the sobs then. Total disregard for life and property. You can imagine how much worse it would get if Trump didnt win. Heard electoral college being threatened. They should trace those threats too.
Saw a link that Italy is now “demanding” Italian citizens open up their home to the refugees. I remember one who did because they paid them and the guy killed their little girl. Not in Italy though think it was Sweden. Yeah just let strangers in your home from a savage country.. Why don’t they start with the politicians and celebrities.
@ Farmboy…there is a wind warning for our area starting at 4 p.m. I’ll make sure I put the deer corn out before that.
@ FLgold…push for that rain please.
@ goldi…many of the fires have been deliberately set and are being investigated. They started right after Trump was elected…gives one pause to consider.
Posted by goldielocks
@ 10:46 on November 28, 2016
Active shooter Ohio Campus. Seven shot. Students only op is hide. Hope parents don’t call them and students turn off their ringer till threat is captured or shot. One is in critical condition. Possible one may be shooter but unknown per media.
Weather folks saying up to 3 inches overnight. Finally, it has been over 40 days without rain for most of Georgia. The bad news is high winds coming in with the rain, some expecting gusts up to 40mph.
I may have to take the tarp off the woodpile and stack the firewood on top of the tarp to keep it from blowing away. 🙂
Stay safe, and don’t be under any widow makers while outside.
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the singer, setting, and song! all 3 s’s filled me up…..and really great to see you posting. stay with us you are missed.