As you doubtless know by now, one of the key factors in short-term gold pricing is –
These can be as dramatic as new wars breaking out (or ending). Or they can be as dull as, well, a new US President being elected. That’s the #1 reason being tossed around for gold’s recent strength – the US elected a new President. (Not King, but we’ll not spout off on that now.)
Let’s face it. US Presidents are elected every four years, rain or shine, hell or high water, bull market or bear. AND, candidates campaign these days for about 18 months so everyone has a looong time to learn what they’ll do. AND, the efficient capital(ist) markets price in known factors well in advance. So you’d think this would be a relative non-event, right?
Well, apparently folks either didn’t get the memo, or President The Donald is a real sea change. The Gold Enthusiast suspects the latter. Especially now that he’s been president for 2 whole weeks. From all the screaming you’d think he was a totalitarian dictator squeezing the life out of the citizens.