Gold would Perform well under Trump Presidency

(September 15, 2016 - by Dennis Gartman)

Gold would do well under a Trump presidency because the metal likes confusion, said market commentator Dennis Gartman.

Gold likes political dissent and would do rather well in a Trump administration,” Gartman told CNBC’s "Fast Money" on Monday. He explained that Trump is a bit more hawkish and more likely to make a protocol mistake and this would be price supportive for gold.

On the other hand, "A Trump presidency would be enormously bearish for stocks," Gartman said. "He’s a wild card and the market hates wild cards."

"I think it would be terribly detrimental to stock prices were he to get closer to 42, 45, 46 percent and draw closer to where she is right now," said the publisher of The Gartman Letter.

He added that a Trump presidency would ‘probably” allow for rates to go higher and would be detrimental to bond prices, said Gartman. "It has been a 32-year bull market and it looks like the peak was made," he said.

Earlier this week, Trump suggested that Fed Chair Janet Yellen is being pressured to keep interest rates low by the White House.

Donald Trump, the Republican presidential nominee is closing in on the polls and narrowing the gap with Democratic Hillary Clinton. The polls show that Clinton leads among likely voters by 46 percent while Trump trails at 41 percent.

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