01-17-2017, 02:52 PM
I think by far the biggest factor for gold, in the long run, is government spending. That's what leads to debt, which leads to printing, which devalues the currency.
If it was any other republican, I'd be 100% sure we'd get a big spending increase, since republicans hold all 3 branches. Of course the same would be true if the democrats held all 3 branches. But Trump is such a wildcard that I'm not really sure what he's going to do.
On a slightly different topic when was the last time the market had any big moves either up or down? It's been amazingly steady for a long time now. I've seen some headlines recently claiming a big drop and I look and it's only .3% or so. Just wait until we get some 2 or 3% moves in one day.