LOS ANGELES, Nov. 8, 2016 /PRNewswire/ -- Even though FBI Director James Comey's investigation has cleared Hillary Clinton once again, there are a myriad of lingering suspicions, obstacles and unanswered questions that hound her and are fueling Donald Trump's momentum into the 25th hour of this historical election.
The WikiLeaks emails that keep surfacing, accusations that the mainstream media is demonizing Mr. Trump and growing concerns over the Clinton Foundation's foreign dealings are all helping to sway the undecided vote in Donald Trump's favor. Things aren't looking good for the Democratic Party with Janet Yellen, the first Democratic nominee selected as Chair of the Federal Reserve since 1979, deciding to keep interest rates artificially low in order to bolster a failing economy and Hillary Clinton.
"When a central bank continues its policy of low interest rates long after the emergency that prompted them has passed, it automatically sends a signal that all is not well," stated Sir Martin Jacomb, former Executive Deputy Chairman of Barclays Bank PLC. The fact that over 10 million Americans are presently out of the workforce, even as Democrats tout a 4.9% unemployment rate, is a clear indicator that all is not well with the American economy. Trump supporters hoping to "Make America Great Again" are ready for a major change much like President Obama's supporters were back in 2008.
For many Americans, more is at stake today than in any recent presidential race. Election 2016 represents the battleground for American democracy and the last opportunity for Americans to break free from the political stranglehold of political oligarchs. Unless we see a landslide victory for either Clinton or Trump, expect today's loser to contest the results and call for a recount. Anticipating the outcome of today's vote will resemble the Gore-Bush presidential election in 2000, police forces nationwide are preparing for civil unrest and riots.
If Americans don't have a clear winner today, then the resulting political uncertainty could leave the nation without a new President for the next six to eight weeks. Investors take heed: any uncertainty in the outcome and a contested result will create stratospheric safe haven demand for gold and silver and could send gold and silver prices soaring. Add to that an interest rate hike in December and we could see gains similar to Q1 of 2016, when both gold and silver gained over 25%. A 25% move with gold at $1,500 and silver in the low $20's could retest 2011 highs as investors brace for a "super spike" in gold and silver prices.
Sterling fell, equities slid, Chinese markets got a helping government intervention hand again, and gold climbed over concerns U.K. Prime Minister Theresa May is prepared to lead Britain out of the European Union's single market and as the U.S. President-elect suggested other countries could break from the bloc.Read More
By U.S. stocks have had an incredibly run over the last two months and even at these record-breaking levels there are still profits to make - at least until March, when it will be time to run for the hills, says Goldman Sachs strategist David Kostin See full story.
Gold futures drove their winning streak to four days in a row Thursday, their seventh gain in eight sessions, and posted a new, more than 7-week high. Gold for February delivery advanced $3.20, or 0.3%, to finish at $1,199.80 an ounce on the Comex division of the New York Mercantile Exchange.
Kicking off a yearlong celebration of its 225th anniversary, the United States Mint unveiled the 2017 American Liberty High Relief Gold Coin in a ceremony today at the Department of Treasury in Washington, D.C. Highlights of the anniversary coin include an ounce of .9999 fine gold, an increased level of detail, raised edge lettering with stars, and a 1792-2017 duel date.Read More
For the first time since before Thanksgiving, the price of gold has risen above $1,200 (now up 13 of the last 15 days) and outperforming all other asset classes year-to-date. This latest jump comes as the USD Index tumbles further post-Trump's press conference, breaking below the key 50-day moving-average for the first time since September...
Gold has risen above $1,200 (now up 13 of the last 15 days)Read More
By Gold prices on Thursday climbed back above the $1,200 mark for the first time since November, as the dollar fell on disappointment that President-elect Donald Trump didn't provide more details on his economic plans at a closely watched press conference.Read More
Gold futures extended their gains to three sessions in a row Wednesday, for their sixth win in seven sessions, and ended at a more than 7-week high. Gold for February delivery added $11.10, or 1%, to close at $1,196.60 an ounce on the Comex division of the New York Mercantile Exchange.Read More
Investors wait for Trump news conference * Political uncertainty also emanates from Europe * Palladium prices could see correction -analyst (Recasts, adds comment, changes dateline from Bengaluru) By Pratima Desai LONDON, Jan 11 Gold hit six-week highs on Wednesday as investors worrying about political uncertainty bought the precious metal, but dollar strength due to higher U.S.Read More
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