Trump Can’t Trump The Fundamentals. Trumps, as I said, is a small black swan event. There is great optimism that the US economy is going to go like gangbusters. Exuberance here is extreme, and unwarranted. He introduces a great deal of uncertainty. Bitcoin is but one example. And gold and silver correcting is another. Next support levels for silver are being watched. I think the new low for silver will be 28.50. Then we will consolodate for a bit before moving back above 30 dollars.
Ukraine and Middle East are in a holding pattern. Will he pilot things through the morass well?
Gold silver ratio stretched to 85. Should be lower. This means silver should move back up. Soon. Fed will be under pressure to cut again. Before end of the year. I think he will. Waiting.