Coming up Greg Weldon of Weldon Financial and Gold-Guru.com joins me for an interview you simply must stick around to hear. Greg is ready to make another bold call on the precious metals, having nailed previous moves in both gold and silver perfectly right here on this podcast earlier this year. Greg also tells us why he believes the trade deal with China is keeping many Americans hopelessly distracted about the real issues in the economy -- and why a deal there will simply not be enough to keep the economy going strong. So be sure to check out my interview with Greg Weldon, coming up after this week’s market update.

Precious metals markets are ending the week on a sour note – and the general stock market is rallying.

Stocks started the month in negative territory after President Donald Trump said that a trade deal with China could be delayed. Trump suggested that China would prefer to wait until after next year’s election.

The President apparently believes he can get re-elected without a trade deal. But he has staked a lot of his presidential prestige on a rising stock market. One way or another, his administration will be working to juice financial markets and the economy in the months ahead.

He obviously doesn’t believe he will be forced out of office through impeachment. Investors don’t believe Trump will actually be removed from office. Even the House Democrats leading the impeachment charge don’t believe Trump will actually be removed from office! At this point, nobody does.

It’s a sideshow contest to see which party will score the most political points – as they position themselves for the 2020 elections. If more Democrats than Republicans end up breaking ranks on impeachment votes, it would be a huge embarrassment for Nancy Pelosi, a huge problem for the eventual Democrat nominee for president, and a huge win for Trump.

Will precious metals prove to be a winning investment in this environment? Well, they certainly haven’t been a losing investment this year. Gold and silver may be gathering strength for something bigger ahead.

After a pullback today in metals as a result of a better than expected jobs report, gold is now essentially unchanged for a second week in a row and trades at $1,464 per ounce.

Silver, meanwhile, was trading around the $17 level for a fourth straight week but it’s taking it on the chin today with prices dipping below and currently coming in at $16.67 an ounce to register a 2.5% weekly decline as of this Friday morning recording.

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