Gold Under President Trump

Here’s an interesting Kitco interview of the author of “Precious Metals Investing for Dummies” author Paul Mladjenovic. In this interview that took place last year, Mr. Mladjenovic argues that the strength of the economy under Trump will boost inflation, leading to a rise in precious metals prices. In this interview, he predicted gold might surpass $1,300, which proved to be correct. His prediction of $25 silver was not borne out, given that silver has lagged behind gold in this new leg of the bull market. However, this can present a good opportunity for silver investors. Mr. Mladjenovic is also optimistic about gold mining companies that are well-run and have good reserves. It is worth noting that some economists believe the U.S. will actually be heading into a recession in the near-future given the long stretch of economic growth lasting almost a decade and the cyclical nature of recessions.

Nomi Prins on Donald Trump

Nomi Prins, an author who has exposed the corrupt machinations and history of the U.S. banking system, has an excellent exchange with Greg Hunter in the interview below. She questions just how much of Donald Trump’s promises during his campaign will be fulfilled, and discusses interest rates and the national debt.

She asserts Trump will meet resistance with plans to increase fiscal spending from Republicans in Congress, and the Federal Reserve will be unlikely to raise rates significantly in 2017 with an economy that is fundamentally still weak.