Trump Credit Due
Dear Speculators,
This month’s International Speculator is due out in two days. I’m excited about the “Gold Runway” research we’re doing and will share with you shortly. I’m also very encouraged by the continuing upturn in the commodities super cycle, which is bullish for all our speculations. More on all this in the next edition.
First, a bit of mea culpa.
When Donald Trump said he’d go to Washington and “drain the swamp,” I didn’t believe him. This wasn’t a personal judgment of Trump himself. As the old joke goes:
Q: How do you know when a politician is lying?
A: His lips are moving.
A lifetime of experience has simply left me deeply skeptical of all politicians. Ron Paul may be the exception that proves the rule. After all, how many Ron Pauls are there among the hundreds of thousands (millions?) of politicians around the world? Just one.
But I have to give credit where it’s due. Trump is attacking the swamp with gusto. And though I do not agree with all of his policies, especially his protectionist ideas, I recognize that he’s keeping his campaign promises. The deregulation has already started. The tax cuts are a tougher row to hoe, but they are a top priority. This is… singular.
I admit I was wrong about this in Donald Trump.
Of course, that doesn’t mean Trump will entirely succeed. The “Deep State” is fighting back. It’s very much an open question who will win and what the fallout will be. Trump better have tighter security than Ronald Reagan did.
One thing I’m sure of is that all this tumult has, is, and will inject a great deal of uncertainty into global markets. This is very bullish for gold and silver—and our stocks. At the same time, the Trump rally is supporting other resource commodities, which is good for our other picks.
More soon,
![[signature]](https://www.caseyresearch.com/images/LouisJamesLR.jpg)
Louis James
Senior Investment Strategist
Casey Research