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Palisades Gold Radio

Christopher Aaron: Could Trump End the Federal Reserve System?

Nov 13, 2024
Christopher Aaron, founder of iGold Advisor and senior editor for Gold Eagle, provides keen insights on market cycles and gold investments. He discusses the market's reaction to recent U.S. elections and Fed meetings, warning investors about resistance levels for gold. Aaron explores the implications of Trump's presidency, including Ron Paul's ideas on the Federal Reserve and potential tax cuts. He emphasizes a broader investment perspective beyond precious metals, while highlighting trends in the gold to silver ratio and the impact of technology on future investments.
01:05:45

Podcast summary created with Snipd AI

Quick takeaways

  • Current market sentiment has shifted due to the recent election, significantly affecting gold prices and cautioning investors against abandoning precious metals entirely.
  • The Dow to gold ratio chart reveals critical resistance levels that may indicate a potential downturn for gold as the stock market appears favored.

Deep dives

Market Sentiment and Gold's Future

Current market sentiment has shifted after recent election results, impacting risk-on assets and causing gold prices to drop significantly. Observing the historical context, when Trump last won, a similar pattern saw the stock market rise while gold fell sharply, indicating a strong pro-growth sentiment. Despite gold's impressive threefold increase from just above $1,000 to close to $3,000 over the past nine years, there’s emerging resistance around the $3,000 mark that warrants caution. Investors are advised to reassess their positions, considering the changes in sentiment and reality in the broader financial landscape.

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