By Kris Sayce – Port Phillips Insider (Australia) –
Yes, the world is in shock.
As I write, the S&P/ASX 200 is down 1.92%.
Japan’s Nikkei 225 index is down 6.08%.
On the futures markets, the S&P 500 futures are down 4.89%.
Meanwhile, gold is up 3.79%, and its poor cousin, silver, is up 2.47%.
What more can we say on this, except to say, we told you so.
We told you that a Trump win was a much greater chance than the mainstream would have you believe.
True, we didn’t 100% believe it would happen. We thought the Hillary Clinton electioneering machine would do enough to get across the line.
But we knew it wasn’t a slam dunk. Just as voters in Britain upended the tables by voting for Brexit, voters in the US have upended the tables by voting for Donald J Trump.
This is why we advocated our two ‘Trump Trades’. The first is to own gold. Remember what Jim Rickards said at our Great Repression investment conference.
He said that gold could pop US$100 in the event of a Trump win.
It hasn’t done that yet. But it’s up over US$50, and could climb higher when European and US markets open later today and tomorrow morning respectively.
Unfortunately, we’re pretty certain that fewer than one in 500 of our subscribers would have followed our advice. Why?