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.
In early 2016, physical gold hit $1,050 an ounce, which marked a level that gold investors hadn't seen since the latter half of 2009. After hitting $1,900 an ounce in 2011, gold shed 45% of its value as the U.S. economy improved, the U.S. dollar strengthened, and the Federal Reserve teased at, and finally began, raising its benchmark federal funds rate.
By While the Labor Department's fiduciary rule is scheduled to take effect April 10, some experts predict that President Trump will somehow, someway put the kibosh on the rule that requires financial advisers to act in their client's best interest, adhering to a fiduciary standard with respect to retirement accounts such as IRAs and 401(k)s.Read More
Gold price to 2 month high as fiery Trump declares New American Order - 'Trumponomics': Politics and economic policy in 140 characters - The 'intelligence' according to Trump - Trump, Putin and Russia - the great bromance - Trump - Bull in a China shop - Trade and currency wars with China and other nations - Trump - Fan of gold and golden tweets - Conclusion - Trump may be the 'Golden Ticket' "The market is now worrying about what would come out from the new administration," Bob Takai, chief executive officer and president of Sumitomo Corp.Read More
U.S. lawmakers recently introduced legislation calling for 2020-dated coins in commemoration of Muhammad Ali, the legendary boxer, advocate and philanthropist. The Muhammad Ali Commemorative Coin Act, numbered H.R.579 in the House and S.166 in the Senate, seeks up to 100,000 $5 gold coins in 90% gold and up to 350,000 silver dollars in at least 90% silver.Read More
Half a world away at the World Economic Forum in Davos, Switzerland, Nobel Laureate economist Joseph Stiglitz made remarks earlier this week that the US should "get rid of currency." Physical cash means there is no one else standing between you and your savings. But Professor Stiglitz and his colleagues don't want that.Read More
This looks more like the beginning of a market correction than the start of a serious bull run, according to Julian Emanuel, U.S. equity and derivatives strategist at UBS. "The wall of worry which has supported stocks for 8 years has given way to a deep sense of hope and optimism," Emanuel said in a recent research note.Read More
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