July 19, 2018 | Trump Takes Gold for a Little Ride

Stocks struggled valiantly to sell off on Thursday, but the Dow was never down more than about 150 points. Permabears shouldn’t despair, however, since it’s always lightest before the dusk. Gold got support late in the day when Trump took a shot at the Fed for 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 is trying to do by socking auto importers with a 25% surcharge? In any case, he’s definitely got a knack for helping us forget whatever popped out of his mouth last. Something having to do with Putin, wasn’t it?
STAY INFORMED! Receive our Weekly Recap of thought provoking articles, podcasts, and radio delivered to your inbox for FREE! Sign up here for the HoweStreet.com Weekly Recap.
Rick Ackerman July 19th, 2018
Posted In: Rick's Picks