by Adam Hamilton
Donald Trump’s epic underdog victory climaxing the US presidential race was radically unexpected by the great majority of the world. Equally if not more surprising was the subsequent days’ market reaction. Stock markets, gold, and gold-mining stocks did exactly the opposite of what was universally forecast for a Trump win. This has left contrarian traders wondering how gold and gold stocks will likely fare under Trump.
Personally I’m thrilled and filled with hope for America with Donald Trump being our next president! We desperately needed someone to overthrow Washington’s stranglehold on our lives. In both our monthly and weekly newsletters published before Trump’s apparent upset, I took the contrarian stance explaining why Trump had far greater odds of winning than widely assumed. The stock markets predicted a Trump win too!
Still election night was a grueling nail-biter.