Erratic Trump Prompts Investors To Seek Safety In Silver, Gold
April 20, 2017 - 12:06pm
Precious metals were the best-performing commodities of the first quarter, and some analysts believe the volatile nature of President Donald Trump’s first months in office played a big part.
A composite of the active month futures prices of the four exchange-traded precious metals moved higher by an average of 11.45 percent in the first quarter.
“Love him or hate him, there's one thing that President Donald Trump has done since he took over the White House, and that's create a lot more uncertainty around the world,” wrote stock picker Michael Lombardi in “The Lombardi Letter.” “And this is great for precious metal prices.”
Lombardi cited Trump’s bombings of Syria and Afghanistan and his rhetoric about sending an aircraft carrier fleet toward North Korea — something ...Full story available on Benzinga.com
Continue reading this article »