by Peter Schiff, Schiff Gold:
Gold began dipping before the election on November 5th, and with Trump’s win, it has crashed even further. We know that Trump wants a strong US dollar, so does his victory spell trouble for the yellow metal?
As Trump promises to pump up markets, long-term interest rates are continuing to show upward pressure. Once they reach a certain point, markets would be crushed. Democrats would probably like for this to happen, since they can blame Trump and retake the White House next election season. But despite being politically-biased, likely against Trump, the Fed will need to monetize deficits brought on by Trumpenomics to help avoid the banks from imploding.