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“’This is the first time we have a president-elect say the dollar has gone too far,’ said Marc Chandler, chief foreign exchange strategist at Brown Brothers Harriman. ‘He’s saying things and doing things that no president has ever done before…
“Credit Suisse said in a note it remained “constructive” on gold prices, forecasting an average of $1,338/oz in 2017….” (“Trump just signaled the death of Clinton-era strong dollar policy;” “Trump’s comments on strength of dollar prop up gold,” CNBC, 1/17/17/.)
“’We have no idea what’s going to happen with some of Trump’s policies — everybody is a little nervous,’ said Axel Merk, San Francisco-based founder of Merk Investments LLC, which manages $300 million in assets. ‘Gold is relatively undervalued and will push higher
… What happens frequently is you have a new president, there’s a lot of euphoria and then reality kicks in… It’s more difficult to implement policies.’” (“Bullion Bulls Have History on Their Side as Trump Takes Helm,” Bloomberg, 1/19/17.)