There are many elections coming up this year of significance. The one with the most potential for disruption is in France. The disruptor, Marine Le Pen (Le Trump, so to speak) is leading in the polls to win the first round elections in April. Le Pen has stated, among other things, that she wants out of the Euro. But there are also crucial and potentially disruptive Italian and German elections coming up as well. So once again, although the US$ is a piece of crap, currencies are relative, and the Euro is about the crappiest. But has the $ already discounted some of these upcoming situations – very unlikely. And in India, another country with a total piece of crap and useless currency, there are elections in several states including Uttar Pradesh. It’s India’s biggest state with 220 million citizens – bigger than Brazil. The globalist Prime Minister Narendra Modi, has been a total disaster with his cash ban. The citizens of India have dealt with an extremely corrupt government for ages (not that my government is that great). The election will be another chance for citizens to show their contempt and disgust with their globalist leaders. The Indian citizens probably don’t have the same sentiment as the citizens in Europe and the US, but it will be a good test for anti-Modi feelings. But all of these elections are showing the total disgust people have for the entrenched politicians. Whether the new ones will be any better is debatable. But for me, all of the rising tensions around the world adds up to 2017 as finally being the year for a more sustainable rally in gold, especially the shares and commodities in general. While the $ will also see a lot of buying with all of the turmoil. But the relative currency attractiveness for will slowly seep into gold, especially with a major top in the US$ approaching – we just have to get there first.
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