Categories: General Market Commentary / Precious Metals
Topics: General Market Commentary / General Precious Metals

BREXIT – TRUMP – GOLD by Martin Armstrong

Sept. 21, 2016

BREXIT – TRUMP – GOLD

by Martin Armstrong

QUESTION: Good day Marty,

first and foremost, thank for what you do on a daily basis for us sheeple. Your prolific writing is amazing to me. There are many pundits out there making correlations between the British exit, gold and a trump victory. Namely that the British exit has shown some real gains since it occurred. U.K. economic forecasters at Credit Suisse and Morgan Stanley recently cancelled recession forecasts, the Markit/CIPS purchasing managers’ index (PMI), which represents the manufacturing sector in Britain, rose to 53.3 in August from July’s figure of 48.3. A figure above 50 indicates expansion.

What’s happening in the U.K. They say could inspire Trump and the U.S. and many other countries around the world… Trump was an outspoken supporter of Brexit. He was virtually the only significant Western leader who supported it publicly. Trump might be the only politician with the stomach to simply try something new they note from a fiscal and monetary policy perspective. If he wins, the first market shock will be the knowledge that a house cleaning is coming at the Federal Reserve, which includes a new Chairman, so he says. Then the potential threat of trade wars, to a rush to safe haven assets, including gold (like Brexit), not to mention all the Democrats who have always known this was a false economy rushing to safe haven.. Gold.

To continue reading please click link https://www.armstrongeconomics.com/world-news/brexit-trump-gold/