Business

Traders are on edge ahead of tomorrow's key address by President Trump to Congress, in which as Bloomberg writes "trillions are at stake."

Since Trump’s election, the S&P 500 has risen by 10%, posting 17 record closes in a rally that’s added $2.8 trillion in value to the U.S. equity market, with economists divided on how much of the rally is due to hopes from Trump's pro-growth promises, how much due to corporate earnings growth (which are expected to rise 12% from last year's energy-depressed levels), and how much due to the organic growth of the economy.

Equity Funds Buy Gold Now, 1987 Redux?
SUMMARY
written by Vince Lanci for Marketslant.com
Be careful what you wish for. More equity funds are buying Gold as a hedge against stock exposure. That is a 2-edged sword.

OVERVIEW
Gold is reflecting many basic worries that have no seeming resolution on the horizon
Eurozone elections,
Problems in Venezuela,Greece,Italy,
Currency changes in India

Buy the Trump-speech rumors?

Bonds ain't buying it...

Hard Data is not supportive...

And everyone's buying protection...

Still none of that matters - Warren Buffett just told everyone we're not in a bubble... despite his favorite indicator being in a bubble...

Bonus Chart...

Interested in precious metals investing or storage? Contact us HERE 

The NEW U.S. Economic Mythology

Written by Jeff Nielson (CLICK HERE FOR ORIGINAL)

As observed earlier in the day, as part of the leaked preliminary Trump budget, the president was set to unveil major spending increases for US defense offset by cuts to federal agencies, and other non-defense sectors. And on Monday morning, the first details emerged, including that the boost to defense spending is expected to be about 10%, or some $54 billion, and will be revenue neutral, offset by cuts in non-defense areas, and will not "add a dime to the deficit." As Trump said, he is seeking a "historic increase" in military spending.