Doesn't surprise me. Everyone is nervous about Trump mostly because he isn't someone who is going to follow through with the same thing everyone before him has, and he is talking about some considerably radical economic policies that can have huge effects on American jobs and businesses.
The economy is bad either way, so it'll be rough regardless.
Topic: Gold and Silver Under the Trump Presidency - page 2. (Read 1159 times)
I wish silver would hurry up and get a move on ;( im still waiting on it recovering back to £25 an oz when i bought back in 2009 i think. 
Yep. Long Term. ^^OP, Thanks for the news.
Anyway, after reading “To preserve your financial health, you will need the precious metals at some point in your life.” and "cautiously optimistic" , basically translated what he had left to say into yada, yada yada analyst.
By the way, why such big fonts? Hard to read.
I wish silver would hurry up and get a move on ;( im still waiting on it recovering back to £25 an oz when i bought back in 2009 i think.
It's going to be very interesting times for metals and specially bitcoin. Now the markets are recovering because they think Donald Trump is not going to do pretty much anything of what he said. They think he will not build the wall, they thing he will not deport all the illegals etc... I think they are wrong. Donald Trump doesn't fuck around, he's going to do it all, and the markets will react, and metals and bitcoin will go up. Personally I would go up all in within Bitcoin. Metals are useless if you want to get rich.
Analyst, author and speaker David Morgan was interviewed by INN CEO, Nick Smith, about the impact of the United States presidential election of 2016 on the price of gold and silver. In the interview, Morgan also detailed his outlook for the precious metals sector as well as copper in 2017.
On Donald Trump’s victory over Hillary Clinton, Morgan said, “It doesn’t really matter [which] candidate gets the presidency in the United States. The economic and financial conditions are entrenched so deep, and so far, and so wide that we have a precious metals bull market. That doesn’t mean there won’t be some short-term iterations, as we already experienced.”
Indeed, gold surged nearly 5 percent on the night of the US elections, and had its biggest single-day gain since June. Mere hours after – when Trump took to the stage for his victory speech – the price of gold plunged to $1,302.42.
“We had a huge percentage increase in gold that was basically washed away within a matter of hours. So that is a precursor, I think, to going back to the fundamentals. And the fundamentals are, there is a systemic problem, worldwide, based on a lie that you can print wealth. It’s been experienced through all the market places.” says Morgan. He adds that “To preserve your financial health, you will need the precious metals at some point in your life.”
Morgan’s outlook for 2017 is positive. However, When asked about the steady increase in gold and silver prices, he said “I am more favourable to a longer consolidation period but 2017 will definitely see a lift throughout the year.”
He is cautiously optimistic; when asked about the continued rise in the price of precious metals, here’s what had to say “I was asked recently if I thought that the peak of the precious metals would be on the four-year presidency of Trump, and I said no.”
However, he does see a higher price for precious metals in 2017 as compared to 2016.
Morgan suggests that investors should diversify if they are leaning towards the precious metals, and says “and then that portion of your portfolio, which I then recommend 10 maybe 20 percent if you are a full-fledged gold or silver bull.”
Click here to watch this video:
http://davidmorganblog.blogspot.ca/2016/11/gold-and-silver-under-trump-presidency.html
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