Trump Takes Gold for a Little Ride

Stocks struggled valiantly to sell off on Thursday, but the Dow was never down more than 150 points. Permabears shouldn’t despair, however, since it’s always lightest before the dusk.  Gold got support late in the day when Trump castigated the Fed for, of all things, tightening; but don’t expect the ebullience in precious metals to last. He’ll have to pull out all the stops to tank the economy sufficiently to bring quantitative easing back into style. Is that perhaps what he intends by socking auto importers with a 25% surcharge? Regardless, he’s certainly got a knack for helping us forget whatever popped out of his mouth last. Something having to do with Putin, wasn’t it?