The Trump election win has resulted in four key items:
1) US-stocks soaring.
2) The $USD rallying above 100.
3) US bonds collapsing.
4) Gold and Silver collapsing.
Regarding #4, since the election was called for Trump, Gold has collapsed over 7%.
The move has been largely predicated on $USD strength and Yen weakness. Indeed, Gold is essentially the same trade as the Yen: $USD paid as the below chart shows.
But what if this whole move is just another BREXIT type situation?
After BREXIT occurred on June 23, the markets sold off for roughly one week. This massive sell-off then reversed and recovered ALL of those losses and then some.
What if the markets are doing precisely the opposite of this as a result of the Trump win? Once again we’ve had a sharp move (this time stocks went up and Gold went down). But what if this is about to reverse and undo the entire Trump win just as the markets did with the BREXIT loss?
For certain Gold is SEVERELY oversold at levels that usually result in sharp rallies.
Time stamp this, we’re predicting Gold will be reversing sharply here and beginning its next leg up with an ultimate target of $1600 or higher this time next year.
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