Weekly Wrap - Gold + Silver cool. Dow Jones + S&P flourish in market madness

Metals fundamentals remain strong!

Hello Contrarian Capitalists. I hope that you have had a superb week!

The biggest news story from the week was that Trump won the US Presidential Election. It came as no surprise to many people yet the reaction from the losing side has been hilarious and sad all at the same time.

Trump (just like any other president or politician) will bring both positives and negatives to the world. It will certainly be interesting to see what happens moving forwards.

Despite the utter ensuing hysteria from many people, it is important to remember that the fundamentals for metals remains strong.

This is also because the Bank of England (BoE) cut rates by 0.25% this week. So too did the non politically motivated Federal Reserve. All this will do will further ignite the beast that is inflation!

That being said, the markets loved the news this week!

As we will see from the charts, Gold + Silver have pulled back this week. This was to be expected as nothing ever goes up in a straight line!!

The key question is what will happen next?