By Kris Sayce – Port Phillip Insider (Australia) –
We keep seeing headlines about ‘Trump Trades’ reversing course.
That may be true of some Trump Trades. But it’s not true of our Trump Trades.
In fact, as far as we can see, our Trump Trades are doing just about as well as we’d expect them to.
What were our Trump Trades? They were fairly uncomplicated: Buy gold; buy gold stocks.
Well, now another major trading opportunity presents itself. While the Trump Trades continue to hum along in the background, a new breed of trades emerges.
And if we’re right, these trades could be some of the most profitable trades for investors in 2017. Details below…
Overnight, the Dow Jones Industrial Average fell 27.4 points, or 0.14%.
The S&P 500 index fell 6.11 points, or 0.27%.
In Europe, the Euro Stoxx 50 index fell 26.4 points, for a 0.8% drop. Meanwhile, the FTSE 100 lost 0.66%, and Germany’s DAX index fell 0.73%.
In Asia, Japan’s Nikkei 225 index is down 20.29 points, or 0.11%. China’s CSI 300 is down 0.03%.
In Australia, the S&P/ASX 200 is up 40.63 points, or 0.72%.
On the commodities markets, West Texas Intermediate crude oil is US$52.96 per barrel. Brent crude is US$55.49 per barrel.
Gold is trading for US$1,216.03 (AU$1,605.26) per troy ounce. Silver is US$17.16 (AU$22.65) per troy ounce.
The Aussie dollar is worth 75.75 US cents.
Barely a day passes without your editor looking for some harbinger of doom.
Will we find it here? Will we find it there? Hark; is that the Grim Reaper scratching at the door?