100percentfedup.com
Jim Rickards: Gold Is Being Driven By Factors Bigger Than Trump, Bull Run Shows No Sign Of Ending
I’m a big fan of listening when Jim Rickards speaks about the markets, especially gold and silver.
Why?
Because he’s usually right!
And he has a background of being deeply connected with intelligence agencies and knowing what’s really going on behind the scenes. Basically, one of the good guys who “broke free” and now uses his powers for good, if I can phrase it that way.
So I wanted to show you this new clip from Jim Rickards talking about why Gold dipped after Trump’s big win this week, but why he believes that’s just a small blip and the bull market in gold will soon resume:
“Gold is driven by factors bigger than Trump,” said @JamesGRickards, reacting to the recent sell-off in the precious metal.
He explains why gold’s bull run shows no signs of ending. Watch now https://t.co/aqGCm6tEOk#gold #economy #trump #money #usd @DanielaCambone pic.twitter.com/JRJ30UWYqc
— ITM Trading (@ITMTrading) November 6, 2024
If you’d like to see the full interview, it’s only 17 minutes long and you can watch right here:
FULL TRANSCRIPT:
Host:
It’s official, folks – Donald Trump has won the presidency. Joining us today to talk about market reaction and implications on the Federal Reserve – it’s FOMC day today, wrapping tomorrow – is Jim Rickards. He’s the bestselling author of numerous books, and his latest has already ranked number one in Finance on Amazon. Jim Rickards, good to see you this morning. I know it was a long night for you, as it was for us tracking all of this. How are you feeling?
Jim Rickards:
Well, thank you. Yeah, I was actually up till 2:30. I wanted to see the final call. Trump’s speech was going to happen later, but I thought, okay, I’ve got enough information; he won. We had that in our forecast, so yeah, I got a good night’s sleep – a pot of coffee doesn’t hurt. I’m feeling good today, as are a lot of people.
Host:
I want to say kudos to you because you’ve been calling the Trump win even in the midst of everyone saying, “Too close to call.” You even went as far as predicting 312 electoral votes for Trump. It looks like you’re going to get it.
Jim Rickards:
Thank you. We pushed that out on October 30th in one of our newsletters, almost a week before the election. We said 312. As it stands right now, there are a few states that haven’t been called. Trump won – that’s over. But if you take the states that haven’t been called where Trump’s ahead in four out of four, it’s Michigan, Arizona, Nevada, and Alaska. If you give him those, it comes to 312. So we not only called Trump but also nailed the exact number of electoral votes. We also did well with the Senate prediction. I said 50 to 54; it’s right now at 52, with two undecided, where Republicans are leading. So a little more work to do, but it looks like we got it just right.
Host:
Looking across the board at markets, everything is roaring – the Dow, the S&P, the NASDAQ. Ten-year Treasury yields are up to 4.46%. The dollar is seeing its biggest gain since 2020. What’s your take on what the market is signaling here?
Jim Rickards:
Well, thank you. One of the good things about predicting Trump’s win is that we were able to do some research for our newsletter subscribers and others through interviews and shows like yours, telling people what the best trades were and which sectors would benefit from Trump. Some sectors, like the green energy projects, are not likely to thrive under his administration. Trump’s not bashing them, but he’s saying they won’t be subsidized or prioritized anymore. But on the positive side, here are the sectors likely to benefit: oil, natural gas, drilling, production, and refining. I particularly like Marathon Oil; they’re big in both exploration and refining.
Mining will also benefit. With energy costs going down and more leasing on federal lands, the mining industry should expand. Energy and water are major inputs in mining, and lower energy prices can improve costs. In the US, mining-friendly states like Nevada and Utah should see growth. An industrial expansion needs more copper, lithium, and silver, so mining should be strong.
Defense and national security will also benefit, and not just big companies like Lockheed Martin. A company called Leidos, which has defense, national security, and IT sectors, is in a prime position to benefit. Automobile manufacturing will also see changes; Trump’s team plans to impose tariffs on foreign imports. They’re saying that if you want to sell cars here, you need to make them here.
Cryptocurrency is also up. I’m not a fan, but markets are markets. Trump’s positive comments on Bitcoin are boosting it. And finally, trucking and airlines could benefit with lower energy costs boosting their margins.
Host:
Bitcoin is doing great, and we’ve seen Trump’s positive comments. Why the takeoff in Bitcoin? Is it because he’s Bitcoin-friendly? And the gold bugs are wondering – is this just risk aversion, or why is gold selling off?
Jim Rickards:
For Bitcoin, Trump reached out to various constituencies, including younger voters who are big on crypto. He’s also interested in bringing in figures like Elon Musk, who has an influence on the crypto scene. This is positive for crypto, especially if the SEC and CFTC ease up on regulating it as a security. This is a big regulatory win for the cryptocurrency industry.
As for gold, gold is driven by factors bigger than Trump. The presidency is important, and if Republicans control the Senate and House, there could be impactful changes. But gold is being driven by central bank buying, de-dollarization, and actions like the US freezing Russian-owned treasury securities. This is pushing more countries toward gold. So, the gold trade is driven by much larger global factors.
Host:
Does this change anything for the Fed?
Jim Rickards:
No. The Fed will cut interest rates by 25 basis points tomorrow and again in December. They’re on a path of lowering rates, which often aligns with an economic slowdown or recession. So while Trump’s policies may help, the Fed’s rate cuts are in response to a slowing economy. But cutting rates isn’t really stimulus – it’s more of a reaction to economic conditions.
Host:
We’ll see how this plays out for Powell’s role going forward. His term ends in 2026. Do you think Trump might push for a change?
Jim Rickards:
I don’t think Trump will fire Powell. The Fed chair has a four-year term, and it’s unlikely he’d go that route. However, Trump can make appointments to the Board of Governors, and you might see names like Judy Shelton or Monica Crowley. This could bring a more gold-friendly perspective to the board.
Host:
Speaking of new books, you have your new book out, Money GPT. We’re going to bring you back next week to discuss it in detail.
Jim Rickards:
Thank you, Danielle. I look forward to it. AI and China are huge topics, and that story has legs.
Host:
Finally, what’s the main message from Trump’s victory?
Jim Rickards:
For years, people were treated as categories rather than individuals, and Trump didn’t do that. He treated people as people. The legacy media is becoming irrelevant as people turn to alternative sources like Joe Rogan and shows like yours, where they feel they get the truth.
Host:
Thank you, Jim, for joining us this Wednesday for market reaction. We’ll see you next week.
Jim Rickards:
Thanks.
Host:
Thank you for watching. We’ll have more breaking news, so stay tuned to the Danielle Cambon show here on ITM Trading. That’s it for me. We’ll see you real soon.
Host (Closing Remarks):
I’ve had the privilege of doing a career I love for close to 20 years, meeting some of the most insightful and intelligent people. We’ve put together a free report highlighting some of the best knowledge I’ve acquired over the years. Get it today at dannyreport.com. Don’t miss out. Get it now.
RELATED REPORTS:
Gold To $27,000? The Math Is Unavoidable Says Jim Rickards!
Here’s Why The Central Banks Are Suddenly Buying Up All The Gold…
Gold Skyrocketed 51% During Trump’s First Term – Will It Do The Same In Trump’s Second Term?
Gold Skyrocketed 51% During Trump’s First Term – Will It Do The Same In Trump’s Second Term?
Now that Donald Trump is officially the President-Elect, some are wondering if his presidency bodes ill for gold and silver prices. On the contrary, this is exactly what people "in the know" have been hoping for to keep precious metals prices moving forward just as they did in Trump's first term.
"Considering everything we know, it's ludicrous to think Trump will harm gold and silver prices," said Jonathan Rose, CEO of Genesis Gold Group. "Gold rose 51% in his first term. I suspect they'll rise even faster in a second term considering the state of geopolitics today."
Precious metals have been consistently hitting record highs this year and the vast majority of analysts and bankers are predicting more of the same in 2025 now that Trump has won. Companies like BlackRock, Bank of America, and JPMorgan Chase are betting heavily on precious metals. Central banks have been buying up as much gold as they can for three years.
"The economic world is very different than it was in the past when Republican administrations hit precious metals prices," Rose continued. "If anything, I would expect prices to rise faster now that Trump has won because of the backlash that will hit the nation."
Genesis Gold Group is a faith-driven company that specializes in rolling over or transferring retirement accounts into a Genesis Gold IRA backed by physical precious metals. They can do so without tax-penalties and with little money out of pocket, allowing Americans to hedge their life's savings against geopolitical turbulence.
With U.S. debt projected to hit $54 trillion by 2034, BRICS nations pushing for de-dollarization, and the possibility of war on multiple fronts, it behooves Americans to consider protecting their wealth or retirement with physical precious metals.
Genesis has put together a comprehensive Wealth Protection Kit and a Digital Dollar Defense Guide that give stellar insights about what to expect in both the near and distant futures. Click here to request your copy today.
Oh, and did you know Superman supports them too?
How cool is that!
Here's Dean Cain:
(Note: Thank you for supporting American businesses like the one presenting a sponsored message below and working with them through the links below which benefits WLTReport. We appreciate your support and the opportunity to tell you about Genesis Gold! The information provided by WLTReport or any related communications is for informational purposes only and should not be considered as financial advice. We do not provide personalized investment, financial, or legal advice.)
RELATED:
Now, take this and remember what Andy Schectman just told us....
Have you seen this?
Gold and Silver: "No one wants to sell at these make believe prices"
I've been telling you for a long time now that Gold and Silver are vastly undervalued.
I'm not a financial advisor and I can't tell you what to do, but I can look at historical data and I can easily see that the current price of Gold and Silver makes no sense unless....it's being manipulated.
Now who would want to do that?
And the more important question: will it go on forever, or do the manipulators eventually release the stretched rubber band and ride an explosion up?
I've you've been paying attention in life, you know the answer.
You know these crooks on Wall Street manipulate things down, ⭐ then they load their boats, then they manipulate them up into a bubble.
Where are we in that process right now for commodities like Gold and Silver?
Right exactly where I placed that star up above.
⭐ = You Are Here
The Big Boys are loading their boats.
But that's not just my opinion.
I'm a nobody.
Listen to Andy Schectman who is an expert on these things and he lays it out PERFECTLY in two minutes.
Here's my rough paraphrase:
"A concerted effort by the very powerful to use the suppression of commodities (gold, silver, but also a long list of all other commodities)...these countries are not complaining about suppressed low prices yet because they're accumulating! But once it becomes obvious that the availability of these commodities is very scarce and no one wants to sell at these "make believe prices" then the public says "OMG, what have we been missing?" And maybe that all happens in concert with a breakdown of the banking system, then the public says "give it to me now" and that's when you'll see the circuit breakers be put into affect. But at that point it's too late."
Oh my!
It's so much better to listen to him explain it in his own words.
It's just 2 minutes long.
Watch here (as presented by my friend the Digital Asset Investor):
Comex 589 pic.twitter.com/uPzrOGXhZ5
— Digital Asset Investor (@digitalassetbuy) September 11, 2023
But it's not just Andy either.
It's this latest interview over at SGT Report.
Sean does such a great job over there of interviewing people on topics the MSM doesn't want you to see, and his latest is called "$1,000 Silver -- Seriously, Stop Laughing".
There's actually a lot of history that goes into that quote and this was a great discussion by four very smart individuals.
Watch here:
I've been sounding the alarm for a while now...
Have you taken action?
As always, there's one thing I always say and it's never been proven wrong: Watch what they DO, not what they SAY.
Who is "they"?
The same people Andy Schectman was talking about.
Big Governments.
Central Banks all over the world.
Big Business.
What are they doing?
They are LOADING THEIR BOATS with as much Gold and Silver as they can find and they're laughing all the way to the bank because they're buying at what Andy says are "make believe prices".
Are you?
After the Great Financial Crash of 2008, I made a decision.
From that point forward, I would simply do what the Big Boys were doing.
I would simply watch what they're doing and copy it.
Oh, and if they had Jim Cramer telling people the OPPOSITE (i.e. Cramer says Gold is a loser, but the Central Banks are buying with both fists) that was usually the perfect confirmation I needed.
So that's been my strategy since 2008 and it's worked very well for me.
Here's more....
So, what can YOU do to protect yourself?
To protect your family?
To stay safe?
Simple: you need to get some #Gold or #Silver in your own possession.
It's called "physical" gold and silver.
Not paper traded garbage on the stock exchanges that isn't backed by anything.
Don't touch that stuff.
I have two special hook-ups for you.
Both involve PHYSICAL gold and silver.
Because if you do NOTHING else, make sure you own "physical" gold and silver, not paper contracts.
The paper contracts (like stock ticker SLV and GLD) could very well go POOF one day and disappear or go to zero, because they're not actually backed by the gold and silver they claim to represent.
It's a massive game of musical chairs out there and when the music stops (and I think it will stop soon...) people who only own paper might find themselves owning something not worth the paper it's literally written on.
And I know you'll never forget it if I give you this GIF so....Let's Get Physical:
Now...WHERE do you get physical gold and silver and how do you know it's real and safe?
And that you're getting the best price?
Oh, and how about personal one-on-one real customer service?
You know, like you were some Big Wig millionaire at Goldman Sachs who could just call their personal banker and get help?
That's what I'm about to tell you.
I have two killer connections for you...
The first is for purchasing gold and silver bullion.
That means bulk bars.
That's the cheapest and most economical way to do it, to stretch your dollar into as much gold and silver as possible.
The website is called WLT Precious Metals and when you see my logo in the top left-hand corner, you'll know you're in the right place.
You'll get a personal phone call with Ira Bershatsky (or someone on his team) and they will work with you free of charge for as long as needed to answer any questions you have and get you taken care of.
How about that!
You don't see that much anymore, but Ira and his team pride themselves on good old-fashioned real customers service:
No sales pitch, just real, actual help.
And the best prices you will find.
Here's the only disclaimer I will give you: because they do pride themselves on dedicated service, it might take a few days before you get a phone call back. Just be patient.
Good things come to those who wait!
You can contact Ira and WLT Precious Metals here.
Ok, that was #1.
Now I want to tell you about option #2.
An equally great company, I am so happy to be working with these guys.
This next company is called Genesis Gold and this is for people who want to purchase real physical gold or silver in their IRAs (Investment Retirement Accounts).
You know what the beauty of that is?
TAX FREE baby!
I'm not a tax advisor, but that's a general oversimplification.
Never pay more taxes than you are legally required to pay.
And that's why I love getting gold and silver in my IRA (and why I hold a large chunk in an IRA myself!).
There's so much to love about Genesis Gold, starting with the fact they are proudly and un-ashamedly Christina!
They call it "Faith-Driven Stewardship" and they put it right on the homepage of their website along with a quote from Ezekiel:
Wealth Preservation With Gold & Silver –
The Genesis Gold IRA
By your wisdom and your understanding you have made wealth for yourself, and have gathered Gold and Silver into your treasuries – EZEKIEL 28:4
Genesis Gold Group believes the Bible gives clues on how man-made currencies (paper money) represent instability, and a lack of virtue and encourages living wastefully in excess.
Conflicts have beleaguered us since the dawn of civilization, and they can all be encapsulated into one battle. The battle is between currency, man-made paper, and gold and silver — the two precious metals found in our Earth’s crust, sent to us by our Lord to use as money. Man-made currency always leads nations down the path to increased war, greed, and ultimate collapse. History has shown that abandoning gold and silver has always been a bad idea. Gold and Silver enforce discipline, nurture self-constraint, self-reliance, and balance, and lead to confidence, a restrained government, and a more stable foreign policy.
Genesis Gold Group believes in empowering faith-driven stewardship with Gold & Silver are an integral part of a balanced portfolio. Protecting your finances with precious metals has never been more crucial during these trying times.
With a combined 50-plus years in the precious metals industry, let your Genesis gold and silver experts guide you through the simplicity of asset protection and growth with our Genesis Gold IRA.
Sincerely,
Genesis Gold Group
Empowering Faith-Driven Stewardship
Oh....and they're VERY good at what they do.
You also get physical gold and silver with Genesis, believe it or not! The gold and silver is purchased for you (in whatever combination of coins and bars you prefer, a picture taken and sent to you, and then stored safely in a vault for you!
I love what these guys are doing.
Here's more on why gold and silver in your IRA are so powerful:
You can contact Genesis Gold here.
They are also very backed up with record demand, so you may have to wait a bit, but someone WILL get in touch with you for personal customer service and assistance!
Tell 'em Noah sent ya!
Oh, and did you know Genesis is recommended by SUPERMAN himself?
It's true.
Superman himself, Clark Kent -- Dean Cain -- came on my show a few weeks ago and we broke it all down:
Watch here:
Stay safe!
Make sure you can weather the storm when it hits!
Because the storm always hits eventually, doesn't it?
As for me and my house, we will be ready.
News Feed (Home)
Popular Posts 
Events 
Blog 
Market 
Forum 
Headline News
VidWatch
Game Zone
Top PodCasts
