Gold: The Correction Is Over

I think the correction in the price of gold is over but I do think there is some psychological resistance around this 1,300 level but we are going to blow through it and have a quick march up to 1,350. (SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX))

The U.S. Dollar Is Overvalued

I believe Donald Trump is correct. The U.S. Dollar is overvalued but he is wrong in his view of how the overpriced U.S. Dollar impacts the U.S. Economy. Because the dollar is overvalued we have an artificially high standard of living and when the dollar starts declining is going to take the American standard of living down with it!