UPDATE: Repost for perspective on how quickly things can change.- Soren K.
Trump Can't Win?
ABN Amro's Georgette Boele on Trump and Gold - 7/22/16:
ABN AMRO: Trump could drive Gold to $1800 an ounce.... but he wont win
Although Dutch bank ABN Amro thinks it unlikely, a Trump-run America would support gold prices simply because his policies would weaken the U.S. economy.
“In addition, his rhetoric and possible policy actions could create domestic and international uncertainty at best, and upheaval at worst,” said Georgette Boele, ABN Amro’s coordinator of forex and precious metals strategy, in a research report Friday.full report here H/T@SdBenali
April 2016 interview of Echobay managing partner Vince Lanci with Kitco News:
Echobay Partners in April 2016: Trump will spend like a drunken sailor... but he won't win
Trump would be the better candidate for gold if he could win and if his “Spend America Back To Greatness” ideas passed,
“He is a builder/contractor at his core and he will SPEND on infrastructure like a drunken sailor. He will try to pass a stimulus package that makes FDR look like a piker. Imagine handing the U.S. Treasury to a real estate developer? ... Sky (literally) is the limit.”
“Global monetary policy via ZIRP (zero interest-rate policy) or negative rates have failed. It will continue to fail. Fiscal stimulus is needed. That's where Donald excels. We will likely get inflation and higher Gold prices as his fiscal spending will outweigh any monetary tightening he does.
What would a Hillary Presidency look like?
“Gridlock. Investigations. Fox vs. MSNBC. More ZIRP, more QE, no organic growth, more stagnation and deficits. More global money printing. Higher stock prices if she wins,” Lanci predicted.
Notice both think :
- Trump is better for Gold.
- Trump is unlikely to win
So much for that.
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