Stock Market: The Big, Fat, Ugly Bubble

When Donald Trump run for office he called the stock market a big, fat, ugly bubble. Well, it is certainly bigger, fatter and uglier now. (iShares Russell 2000 Index ETF (IWM), SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), Nasdaq 100 Index ETF (QQQ), Select Sector Financial Select Sector SPDR ETF (XLF))

Gold Will Likely Take Out Resistance At $1,260

Gold closed above $1250, we have resistance at $1260. I think we will take it out. (Gold Futures, SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ))

Obamacare Is Going To End, One Way Or Another

Obamacare is going to end, one way or another. (Health Care SPDR ETF (XLV), UnitedHealth Group (UNH))

Trump Agenda: No Comprehensive Tax Reform

I don't think we are going to have any kind of comprehensive tax reform. I think that it would be very productive but I also think it should happen in a context of major reductions in government spending.

A Bullish Catalyst For The Price Of Gold

What I think it's going to really accelerate the price of gold going up is the fact that interest rates are not going up nearly as much as the market anticipates. (SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ))

The US Economy Is A Mess!

The economy is a mess! Atlanta Fed is now looking for 1.2 percent first quarter GDP growth. It was looking at 3.4 percent growth on February 1st. We are dangerously close to an economic recession.