Trump Elected = Trump Gains

Spot pricing for Gold $AU3979

Spot pricing for Silver $AU47.14

Spot pricing for Platinum $AU1462

On the back of Donald Trump being elected for his second but staggered term, US sharemarkets and risk on assets have jumped. If you’d invested in ’Trump on assets’ prior to the election and rode the wave, you’d have made a pretty penny over the last few months.

Outside of all the glam, what does the election result really mean for the US and by extension Australia?

The President elect’s first call of business is apparently to impose stricter border control and expand drilling (energy) in an effort to keep inflation under control.

And he may be right. 

Back in Australia and over the past week, our RBA has published collective data around our economy.

Ranging from inflation, to GDP, household savings and consumption - our key takeaway from everything is that we’re close to zero GDP growth, savings are at an all time low, inflation is still present and consumer sentiment is still disastrously low. You can view all this at https://www.rba.gov.au/chart-pack/

Gold and Silver continue to find their footing following the election, thought are still trading high and well above their 200MDA. 

Enjoy today’s charts.

Gold daily chart, with 200MDA

Silver daily chart, with 200MDA

US500, with 200MDA

ASX200, with 200MDA