Trump Presser Ends, Details Underwhelm: Gold Gains As Dollar, Dow, & Drug Stocks Drop

Tyler Durden's picture

The USD Index whipsawed higher and lower as Trump teased and un-teased comments on trade policies, only to tumble to the day's lows by the end as details were missing and thus disappointed...

This rippled through risk assets, leaving gold higher, stocks lower, peso higher (after initial crashing), but idiocyncratic issues slammed drug stocks, and aircraft makers.

 

The Biotech battering is most notable so far... after Trump accused them of "getting away with murder" on pricing...

 

Bloomberg notes a few additional key takeaways from today's news conference:

  • President-elect Donald Trump for the first time conceded Russia was responsible for the hacking of the Democratic National Committee and Clinton aide Jon Podesta
  • Trump categorically denies allegations included in an unsubstantiated report released by BuzzFeed detailing compromising material allegedly gathered by Russian intelligence
  • Trump announces that his sons will run his businesses during his time in the White House, that the organization will not conduct new business abroad, and the appointment of an ethics review officer to prevent conflicts
  • bill to repeal and replace Obamacare simultaneously will be introduced by the White House once HHS Secretary nominee Tom Price is confirmed, Trump says.
  • Supreme Court nomination will come within two weeks of Trump taking office.

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Belrev's picture

During press conference Trump tells CNN: "You are fake news!" 

https://www.youtube.com/watch?v=jl1sRDfjPCA

FreezeThese's picture
FreezeThese (not verified) Belrev Jan 11, 2017 2:05 PM

Details Non-Existent - fixed it 

 

Wonder how many shares he owned of LABD

Mr. Universe's picture

I was listening to Michael Weiner (Savage) on the radio while driving the other day. I can only take so much of his ranting. Half right and so wrong I have always had the feeling he was controlled opposition. Give the proles someone to commiserate with yet easy to dismiss as loony tunes.

So he was talking about the complaints people have about Trumps cabinet picks, which ones he agrees with and those he has concern over. He then got to former Goldman-Sachs pick Gary Cohn.

He said(paraphrasing), why are you troubled by Cohn? Just because he headed Goldman? Don't you want someone who knows the financial system in and out? Do you think YOU know more about banking and the system than they do?

As I turned off the dial I thought to myself...what a maroon. We are so screwed, they get us coming and going.

Raffie's picture

There WILL BE lots of BUTT HURT in the markets soon.

NugginFuts's picture

.... and the sooner the better.

Cursive's picture

Let me tell you who's butthurt: CNN. Trump just rammed a bat with rusty nails all the way up into their lower GI.  Thank God for Orange Jesus!

swanpoint's picture

Trump speaks, lifts Gold & Silver. 8 more years! 8 more years, oh please almighty creator of Jobs!

NugginFuts's picture

Let's be fair - it was more about what he DIDN'T say than what he DID say impacting gold/silver.  The anticipation of what he MIGHT have said is what drove it down earlier today. 

L Bean's picture

Tillerson sucking Israel's cock rn on CSPAN.

("Izrul")

Stan522's picture

In your world, is every Jew bad?

Dark Daze's picture
Dark Daze (not verified) Stan522 Jan 11, 2017 2:19 PM

Let's put it this way. Anyone who claims and/or believes that they are one of 'god's chosen' has no place in my life.

iAmerican3's picture
iAmerican3 (not verified) Dark Daze Jan 11, 2017 2:52 PM

Elect means "Chosen of God" and eighteen forms of it comprise the "spine" of The Constitution of The United States of America.

Only America is the foretold "Israel," ruled by God under Truth, Justice, Reason, and Honor as Isaiah foretold of "Zion."

God is infinite, present, and perfect; and, America is the prophesied "Promised Land," the "new nation" "into which all nations of the world flow." 

True Americans, the Electorate, ruled only by God, are, in fact, by grace "Chosen of God."

(((Those))) who oppose us, false-Jews, are victims of an ancient satanic cult psychosis, the Khazar cult-impaling Christ-killers' "Rabbinical Talmudism"/"Zionism," taught from birth all we Black, White, Yellow, Red, and Brown Americans are "sub-human animals," "Goyim," "a mindless herd of cattle" their duty is "to lie to, cheat, rob, enslave, and kill, with impunity," and are the prophesied (((Gog))) the Bible says will attack "Israel" along with pedophile homosexual "Babylon."

They are partners in a "good cop/bad cop" satanic psychopathy with the JFK-assassinating, 9/11-committing, illegal and sodomite Muslim immigration-promoting ruling false-elite, the Fifth Column of "the real Anti-Christ" "engine for enslaving mankind" our "whig" ancestors came here in express covenant with the Creator, God Almighty, to escape; and opposes Truth, Justice, Reason, and Honor because they oppose God, Whom they seek to "overthrow" by raping babies and drinking their blood. #Pizzagate

Their same satanically bonded faction, together crucified Christ Immanuel on Golgotha, and before, tens of thousands of other Christs for twice denying Caesar was God by which to so rapidly build the "Roman Empire" they renamed the Roman Church once the masses fully awoke to the truth Caesar really wasn't God.

Together they then ran "the Wall Street of slavery" at Rome for over 2,000 years until "interrupted" by America's Great Awakening that all Humanity is worthy of God's Choice: granted the divine right of armed Individual Sovereignty, as an "American," regardless of geography. 

It is this threat the ZioTalmud false-Jews, Caesaropapists, and Freemasons, as members of our satanic Organized Crime ruling false-elite yet hope to destroy, hence their support for pedophile lesbian Hillary and opposition to Donald Trump.

Pedophiles and unrepentant homosexuals have ruled the world with Satan for thousands of years.

The time for the Risen Babylon to be destroyed has finally arrived.

Praise God and may President Trump and the American People - Chosen of God, repentant and pursuing Holiness and Righteousness - be blessed.

L Bean's picture

Nope. BIL is Jewish, and I'm very close w his entire family. I consider his father my grandpa, and his daughter my blood niece(most of my own fam is dead/estranged).

They're originally from Belarus, his grandfather was born there and came over in the early 20th c. 

Anyway in my world...no, absolutely not. In your world, is every "Israeli" good?

Stan522's picture

I generally don't judge people by their faith. I am more aligned with judging people by their character. However, if I had to broad-brush a religion, I would consider islam as one to avoid and not allow to prosper.

L Bean's picture

And you're the only one broadbrushing a religion my dude. 

Stan522's picture

You a little defensive....?

I questioned you on the issue of Jewish because there are some whose only comments are Jew bashing. Are you someone who only comments and spins it into a jew bash?

 

Stan522's picture

I just love how the world seems to be getting pushed off its axis whenever Trump tweets, or speaks......

Seasmoke's picture

He basically has said nothing since day 1. Which is clearly saying BUY GOLD !!'

Austrian Libertarian's picture

Damn, but I love ZeroHedge and all the Hedgers up in this piece!

Or would it be more appropriate to call us all HedgeHogs?