Crypto is moving up on the news. I think this will show the way for gold and silver. Give it time. It will go up.
From silver Santa and hot potato
Trump has been elected as the new USA president. The DXY is up with +1.53% and the precious metals don't like that much.
The truth is that Trump will need to print money. He wants to reduce inflation, but it is not clear how he can do that as he will need to print money. He wants to abolish the income tax, but that will mean more debt and the need to print more money. #GOLD #SILVER
Today there is the FED meeting. If they cut rates as expected, then that will be bullish for the precious metals #SILVER and #GOLD.
Tomorrow there is the CHINA meeting. If they confirm the big $1,000B stimulus program, then that will be bullish for the industrial metals #SILVER and #COPPER.
I think that #GOLD and #SILVER will continue to go up, once the dust settles.
Metals sell off is a mistake by the mkt. His tarrif policies are basically inflationary. Also his build back manufacturing initiatives. Fiscal will be up, interest rates are going to be down and inflation will be up. I don't see any way money supply doesn't increase in the coming years. USA will dilute some of their debt via inflation. I think silver will do well with the manufacturing incentives and if Tesla gets a support to get electric cars out more in quantity, it's still good for silver. Other central banks will surely keep buying gold and metals as they see inflationary pressures. Higher fiscal again restricts higher interest rates... I think precious metals is a very safe bet. But it's volatile for sure