State Of The Union, Equities, Metals And More
On Tuesday night, President Trump delivered the State ofthe Union and had some rosy thoughts about jobs, the economy and general healthof the country. It may have been one of his best speeches while he has been inoffice.
While the equities have picked up $6 trillion in value, thesame can't be said for the metals. Since the election, gold is slightly higherand silver is lower. The chase for yield has kept the metals in check andshould do so until they don't. The metals have not only fought the biggest bullmarket in history, they are fighting the cryptocurrencies for alternativedollars.
We are long-term bulls in the metals and as investors willcontinue to buy; however, at these levels, gold looks to have run out of gas.With the dollar on multi-year lows, the metals have not performed well, whichis a concern in the short term. We are accumulating long-term physical goldwhich we will never sell, but are sellers of futures here in the short term.
Contributing tokitco.com
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Bubba@bubbatrading.com www.bubbatrading.com/ Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.