In regards to Yellen, today's conditions will lead to create a negative interest rate environment. As we saw earlier this year interest rates were raised a dismal 0.25% on a select amount of short term loans, which is a drop in the ocean but its ripples caused a tidal wave of destruction in the market. As the rates are cut the gold will have to push up more as people will be looking to park money that is no longer safe in banks. If Trump is elected his master plan is to remove the debt ceiling which will speed up the US dollar devaluation and inherently increase the value of gold. I believe what USA does is what Australia will do. It usually takes about 10 years to happen but it happens. We are where USA was in 2008 with our interest rates.
Just my opinion of course.
TAM Price at posting:
6.5¢ Sentiment: Buy Disclosure: Not Held
