Trump starts. Markets look bouncy.

Spot pricing for Gold $AU4379

Spot pricing for Silver $AU49.30

Spot pricing for Platinum $AU1583

President elect Donald Trump started things with a bang on Monday. With prominent billionaires all showing presence at his inauguration, it was Elon Musk that took most attention with a salute at his end of speech that caught everyone’s eye. With many comparing his salute to a somewhat pro-Nazi style salute, the media has had a field day figuring out what is really going on between Trump and Musk.

Otherwise, Trump simply and clearly stated his presidency will focus on reinforcing very conservative policies, something that should come as no surprise. Economists have stated that markets will need to see progress from his policies within a 100 day period to maintain their trajectory. 

Yesterday, Trump announced a potential 500B investment into US built AI infrastructure. This investment would occur over a 4 year period. Trump stated it could ‘create over 100,000 jobs’. The AI project named ‘Stargate’ would aim to bring additional investment and infrastructure support from leading AI providers and server infrastructure into the United States. 

And as news around Trump seems to saturate all media outlets, war still continues in both Ukraine and 

Gaza, with no real end in sight. Either conflict could well be cause for additional concern if the US decides to step into a more formal supporting role. As Trump works closely with his war office, we may well see decisive action in the near future around both conflicts.

Enjoy today’s charts.

Gold daily chart, with 200MDA

Silver daily chart, with 200MDA

US500, with 200MDA

ASX200, with 200MDA