Hedge Fund CIO: "Friday's Dramatic Reversal In Gold And Silver Means Markets Have Given Us A Bit More Time"

By Eric Peters, CIO of One River Asset Management

“If you look at China and Japan, I used to fight like hell with them, because they always wanted to devalue their yen,” said Trump, the dollar index under pressure, gold and silver surging. “You know that? The yen and the yuan, and they’d always want to devalue it. They devalue, devalue, devalue,” continued Trump. “And I said, not fair that you devalue, because it’s hard to compete when they devalue. But they always fought, no our dollar’s great.” And markets took it to mean that America’s President is perfectly fine with dollar weakness. I’m sure he is.