America is Open for Business

With Trump’s win, the lifeblood of this country, small businesses, are now open for business. Pay no attention to today’s market. It’s simply the hedge funds unwinding their losing bets. And that’s exactly what they do with other people’s money. They bet. Stay tuned.

Meanwhile gold prices are soaring. Fortune reports:

The price of gold surged nearly 4% to $1,316 an ounce on Tuesday night. That was the biggest jump for the yellow metal, which is often seen as one of the world’s safest assets, since the Brexit vote this past summer.

The price of U.S. Treasury bonds are also rising, sending yields lower, in response to signs that Trump could win the presidential elections.

Gold is soaring as investors are overnight bailing out of stocks world wide. There’s also been a sell off in the Mexican peso. The market has long seen the Mexican economy as the most vulnerable to a Trump presidency. Mexico’s economy is dependent on the U.S. and Trump has cutting on pulling back economic ties to the neighboring country. A number of economists have also worried that Trump’s economic policies, like imposing tariffs on China and limiting immigration could slow the U.S. economy, and cause prices to surge. Gold is often seen as a hedge against inflation.

Earlier on Tuesday, the huge hedge fund Bridgewater Associates said that the stock market could fall over 10% if Trump wins the presidency.

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E.J. Smith - Your Survival Guy

E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@yoursurvivalguy.com

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