Government Can’t Do Anything Right – Ep. 220

* It's Friday the 13th and it is a Friday before a 3-day holiday weekend * Monday, of course is Martin Luther King Day * The stock market will be closed in observance of the holiday * Once again, I guess Friday the 13th was bad luck for those hoping for Dow 20,000 * In fact, the Dow finished the day Down, it was a slight decline for the Dow * But not so for gold; gold was up again * The Dollar was actually down again * In fact, this year is already shaping up to be a mirror image of what everybody expected when the year began * The Dow is up slightly, about a half a percent; the S&P is maybe up about 1-1/2 percent * But look at the dollar; the dollar index is down 1% * In terms of foreign currencies, the Dow is actually down * The dollar index is mostly the euro * If you take a look at some of the other currencies, the Canadian Dollar, for example, is up 2.5% so far in 2017 * The Australian dollar is up 4% * These are some pretty big moves early in the year * Remember, everybody was bullish on the dollar * That was the trade, it was so crowded, everybody was in it * Every strategist that I saw on financial news at the end of last year and early this year * Was long the dollar, short the Aussie, short Canada, short the euro, short the yen * Meanwhile, all these currencies are going up * I think they're going a lot higher and I think the shorts are going to lose a lot of money * Take a look at gold stocks * Gold stocks are up about 10% so far in 2017 only 2 weeks into the year * This is already a much stronger start for gold stocks than we had last year * And of course, last year was a great year for gold stocks despite the fact that they sold off toward the end of the year * Based on all the hype surrounding Donald Trump and all the great economic growth that we are going to get * And how the Fed is going to be raising rates even faster and the dollar was going to be even stronger * I knew all that was a bunch of nonsense * People still believe it, but the markets are already showing it to be a false paradigm * And most of the Wall Street strategists are going to once again miss out on these opportunities Our Sponsors:* Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com* Check out Plaud AI and use my code GOLD for a great deal: https://plaud.ai* Check out Quince and use my code quince.com/gold for a great deal: https://www.quince.com* Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.comPrivacy & Opt-Out: https://redcircle.com/privacy