Weekly Wrap - 24th Jan - Dow/S&P gain strength. Gold and silver edge higher

Trump looks like he might be good for the markets after all!

The big event on Monday 20th January was the inauguration of Donald Trump. No mention of Bitcoin in his speech and it was personally hilarious to see him stick it to Davos by getting out of the Paris Climate Accord as well as withdraw from the World Health Organisation (WHO).

No immediate implementation of tariffs (although the threat still remains) meant that some uncertainty was taken out of the markets. This was clear to see as the major indices went higher and will likely continue until they reach higher highs.

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Summary of the markets this week

• Major Indices continue their march upwards

• New all-time high (ATH) for DAX (German Stock Exchange)

• Gold up (but beware)

• Silver up (but beware)

• Oil down

• Copper up

Let’s have a look at the charts in depth!