Regardless of Who Wins the Election, Confidence in Washington DC Is ALREADY Shattered
It just doesn’t matter much whether Hillary Clinton or Donald Trump wins the election, at least in terms of gold and silver market fundamentals. That said, the contest itself is signaling something important precious metals investors should be watching intently.
This campaign is dragging whatever prestige is still associated with the Office of President into the mud. Few voters on either side bother to spend much time arguing the greatness of their candidate. When both Trump and Clinton carry more baggage than American Airlines, it’s easier to focus on their opponent’s shortcomings.
The victor in this epically polarized contest will garner only tepid support from a minority of Americans. He or she will be despised by most everyone else.
Washington DC is having a very bad decade. This year’s election is just part of a larger pattern that has big ramifications for the dollar and therefore precious metals; the devolution of confidence in our federal institutions.
Among the biggest losers are the two major party establishments. Evidence recently emerged that Democrat Party operatives have been hiring and training hooligans to incite violence at Trump campaign rallies. There are indications of widespread voter fraud. And the supporters of Bernie Sanders won’t soon forget how their party leadership cheated them during the primary.
On the Republican side, Trump won with more votes than have ever been cast for a candidate in the party’s primary. Yet he is getting almost zero advertising support from the RNC and public rebukes from many Republicans.
A Trump win looks like the worst outcome for House Speaker Paul Ryan and other top party leadership. They would have to contend with an angry and vindictive president-elect who already seems anxious to punish them.