The stock market yawned, and then moved to new highs! We know that is probably not what most people would have expected from the latest revelations of the ongoing saga of President Trump and his family. But that is exactly what happened as the Dow Jones Industrials (DJI) moved to new all-time highs. The revelation was the botched attempt by Donald Trump Jr., the son of President Donald Trump to get dirt on Hillary Clinton by meeting up with a woman described as ‘the Russian government attorney.’
The meeting was apparently attended by Donald Trump Jr., the President’s son-in-law Jared Kushner, the former campaign advisor Paul Manafort who himself has been revealed as having deep financial ties to Russian interests, the Russian government lawyer Natalia Veselnitskaya, and most recently reported, a Russian-American lobbyist Rinat Akhmetshin. The meeting is being viewed by some as the most tangible evidence of a connection between the Trump campaign and Russia, a connection that had been denied previously by both the President and Donald Trump Jr. The investigation is the subject of an investigation by a federal special counsel.
The President praised his son’s transparency for revealing the emails that said, ‘I love it’ to what he had been told was an attempt by the Russian government to undermine Hillary Clinton’s presidential election campaign. What all of this does, however, is give fuel to a fire that has been burning since Donald Trump officially became President in January 2017. The DJI is up 8.8% since the inauguration. Gold is up roughly 2%, but the US$ Index has fallen 5.4%.
This post was published at GoldSeek on 16 July 2017.
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