Market Down, Gold Up...What's Next, What to Do
Trump's tariff policies and support for the ramping up of the Israel War have put a new shine on gold
The Dow Jones Industrial Average closed down 715.80 points to 41,583.90 and gold, as of 1:33 p.m. in Los Angeles, was up $25.80 an ounce to $3,054.20.
Why?
Because those who know, know that the global economy is going down.
Gerald Celente said he has been buying gold since the late 1970s, and would never believe prices would reach such heights — and that’s the direct result of investors seeking the ultimate safe-haven asset.
The White House has been inconsistent in its messaging on tariffs and trade, and it has fully backed Israel as it expands the war in the Middle East. We noted in this week’s Economic Update that when Donald Trump won the race to the White House the Street was optimistic that he would deliver for the economy, believing that his promised tax-cutting policies would significantly boost corporate profits. Indeed, U.S. stocks hit a record high. Those high times are over. (It’s worth reminding readers that gold prices slumped when Trump won in 2024 based on optimism. But since that time a number of Wild Cards that Trump dealt have changed that perception. His tariff policies and support for the ramping up of the Israel War have put a new shine on gold and the dollar has significantly weakened.)