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The Peter Schiff Show Podcast

Trump Honeymoon Ends Before Marriage Begins – Ep. 221

The Peter Schiff Show Podcast

Peter Schiff

News, Business, Investing, Business News, Politics

4.65.9K Ratings

🗓️ 18 January 2017

⏱️ 29 minutes

🧾️ Download transcript

Summary


* 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
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Transcript

Click on a timestamp to play from that location

0:00.0

The Peter Ships Show

0:05.0

As I said on a prior podcast, this could be the first presidential honeymoon to end

0:15.1

before the marriage officially begins, Donald Trump will not be sworn in until Friday.

0:22.7

Yet the honeymoon already appeals to be over for the Trump trade.

0:26.9

The dollar continues to decline again today.

0:30.5

Gold continues to rise.

0:32.5

Confounding the experts who at the beginning of the year predicted the opposite.

0:36.7

Gold up again today about 14 bucks.

0:39.4

It was up four or five bucks yesterday on the Martin Luther King holiday.

0:43.8

We're now at about 1,217 for the price of gold.

0:47.4

We're still well below where we were the day that Trump won.

0:52.8

But this is the highest we've been at about six weeks, maybe more.

0:55.6

Certainly the highest for the year.

0:58.0

Down across the board dollar index at the low for the year.

1:02.4

Still up from Trump's victory, but down quite a bit from the highs.

1:07.7

And of course other currencies, even though the dollar index is down 2%.

1:11.4

You've got currencies like the Australian dollar up 4.5%.

1:15.2

So I think that currency is pretty much recovered everything that it lost based on the

1:20.3

Trump victory.

1:21.3

Gold though it hasn't recovered everything is still up almost 6% so far year to date.

1:27.1

I think silver is up better than 7% year to date.

1:31.0

Gold stocks look at the GDX were up 12% so far this year.

...

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