Business

Submitted by Brittany Hunter via The Mises Institute,

Cheering for the home team can unify communities divided by politics, economics, and personal differences. However, this unification can come at a high cost, one that will inevitably fall to the taxpayer. While it is typical for professional athletic associations to use tax dollars to pay for their stadiums, arenas, or other venues of choice, public subsidies are not the only means to this end, nor are they the most efficient.

Below we present an insightful, if disturbing, anecdote from Eric Peters, CIO Of One River Asset Management, who shares his view in his traditional "third-person" style about what life may be well be like for traders over the next 4 years under the Trump administration.

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Beep Beep

The financial world is awash with claims that the Gold bull market is over.

For certain the sell-off in the precious metal has been brutal with Gold taking out critical support.

However, worries about the precious metals’ bull market are overdone.

First of all, Gold is a very volatile asset class. This is obvious, but you’d be amazed how many investors forget this. It is not uncommon for Gold to move 3% in a single day. And 5% weekly moves are not uncommon.

Source: politico.com

It has been almost two  weeks since Donald Trump has been voted into the White House and the mass media is finally getting their heads around his victory. Most analysts (well, actually all of them) predicted a victory for Trump would be excellent for the precious metals prices, but even though the gold price increased to almost $1350 when the votes were being counted, we closed last week approximately $150/oz lower and the gold price was barely able to hold the $1200 level.

Source: stockcharts.com

India's 'de-monetization' scheme has caused chaos across the nation, and while SocGen says the government's plan may have some short-term success in curbing so-called 'black-money', investors should "brace for economic disruption" as Bloomberg reports the Indian government is considering a cap on cash holdings for individuals. As SocGen concludes, "people will now be more inclined to park their black income in gold rather than in currency."