CELENTE: Dollar, Gold Prices, and War
Trump ran as the candidate for peace. Do you believe him?
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Shortly after Donald Trump won the race to the White House, the U.S. dollar spiked, hitting a new high.
Long forgotten was that at the end of September, when Kamala Harris was still riding high and had, according to the polls, defeated Trump in their debate (Trump refused to debate her again), the dollar sunk to its lowest level of the year.
By the end of the month, gold prices spiked.
Why?
Because if Harris won the election, it would be more of the same Biden administration: higher prices, more debt, more war, and a weaker dollar.
Trump, as president, once said he was not a fan of a “very strong” dollar. This time, the equity markets are bullish that with Trump in office, the dollar will get stronger. Indeed, after he won the election, the dollar spiked nearly 3.5 percent in just a few days.
So, with the dollar spiking, gold prices took a hard hit… falling some 5 percent.
In fact, this was a 5 percent mirror-image drop in gold prices when Trump won the White House race in 2016.
TRENDING STORIES
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What also brought gold prices down after the election was that in a CNN town hall event back in May, Trump said he would end the Ukraine War in 24 hours: “They’re dying, Russians and Ukrainians. I want them to stop dying. And I’ll have that done—I’ll have that done in 24 hours.”
Therefore, since gold is a safe-haven asset, and prices rise as the fear of major wars escalate (and as we had long noted, WWIII has begun and a false flag or major event will make it official), the threat of WWIII decreased with Trump’s White House win and his vow to be for peace… and gold prices sank.
What A Difference A Day Makes
It was reported on Sunday that outgoing President Joe Biden—with just two months left before Trump replaces him—told Kyiv that it can use the long-range Army Tactical Missile Systems (ATACMS) that America had given them to strike deep into Russia.
Bingo!
While gold prices had started to rebound from their Trump election lows, as a result of the reality of the now ramped-up Ukraine War and the looming threat of the economic and geopolitical damage that will result, gold prices clawed back over the past two days.
Indeed, the terrible Ukraine War has gotten worse.
TREND FORECAST: Why is The Trends Journal, in this issue and others, primarily about geopolitics, the Ukraine War, and gold — while there are numerous other socioeconomic issues that are charting the course of the equity markets and the global economy?