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As I said on a prior podcast, this could be the first Presidential Honeymoon to end before the marriage officially begins Donald Trump will not be sworn in until Friday Yet the Honeymoon already appears to be over for the Trump Trade The dollar continues to decline again today; gold continues to rise Confounding the experts who, at the beginning of the year, predicted the opposite Gold up again today about $14 it was up $4-5 yesterday, on the Martin Luther King holiday We're now at about $1217 for the price of gold We're still below where we were the day Trump won But this is the highest we've been in about 6 weeks, maybe more It's certainly the highest for the year Dollar down across the board; dollar index at the low for the year Still up from Trump's victory but down quite a bit from the highs Of course, other currencies, even though the dollar index is down 2% You've got currencies like the Australian dollar up 4.5% So that currency has pretty much recovered everything that it lost based on the Trump victory Gold, although it hasn't recovered everything, it's still up almost 6% so far year to date Silver's up better than 7% year to date Gold stocks, look at the GDX, up 12% so far this year That means that gold stocks by far is the top performing sector in 2017 They were by far the top performing sector in 2016 I actually think the out-performance in 2017 will be even greater than 2016 The Dow, down again, at one point it was down close to 100 Dow transports ended down over 100 I think the Dow is basically flat on the year - slightly positive The NASDAQ was down 35 points; S&P down as well So U.S. stocks are barely moving Foreign stocks - some of these emerging markets are up huge, especially priced in U.S. dollars All the foreign markets, thus far in 2017 are beating the U.S. market Again, that is not what all the experts were expecting from the Trump Rally
