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Mike Fuljenz Weekly Report

Mike Fuljenz weekly report

January 2017 - Week 4 Edition

What the Networks Did Not Tell You About Last Week's Inauguration

On Thursday, I attended the Texas-hosted Trump Inaugural Ball (called "Black Tie & Boots") featuring popular musical acts such as Clay Walker, Kevin Fowler, The Beach Boys, Tanya Tucker and the Gatlin Brothers. So much for the mantra many of the media kept repeating that no name entertainers were participating.

January 2017 - Week 3 Edition

Gold is Up in 2017

While gold bullion declined immediately after the November election, demand for extremely rare coins rose.  There’s a growing sense of optimism among entrepreneurs and collectors I talk with that business and income will generally improve during Trump’s presidency.  This seems to be manifesting itself in a surge of high-end numismatic sales that is atypical for December. Shortly after the election, for instance, one major Texas dealer sold all eight $50 gold pieces he had in stock.  A California dealer also told me there has been a resurgence in demand for coins priced at over $100,000.

January 2017 - Week 2 Edition

2016 American Eagle Gold Sales Were the Best Since 2011

Gold closed up 9.1% in 2016.  Stocks performed slightly better, with the S&P 500 up 9.5%, but silver beat both stocks and gold, up 17.5%.  In the 17 years since Y2K, gold has quadrupled in price (+307%) and silver has tripled (+211%), while stocks are up only 55% (S&P 500) or 73% (Dow industrials).  Gold beat stocks every year from 2000 to 2012, while stocks beat gold in the last four years.  For most of 2016, gold traded above stocks. The S&P 500 and gold closed 2016 very close but stocks narrowly topped gold.

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