Gold Trumps Stocks In Presidential Transition Years

Bullion bulls betting that this rally has more room to run have history on their side with the arrival of a new U. S. president.
As Bloomberg reports, a look at recent presidential transitions supports optimism among traders over the metal’s prospects. Gold has averaged gains of almost 15% in years marking the inauguration of a new president since the 1970s, advancing in five of those seven years. In contrast, the S&P 500 index of equities declined in four of those years for an average loss over the period of 0.9 percent.

This post was published at Zero Hedge on Jan 23, 2017.