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Gold/Mining/Energy : Copper Fox

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To: cpac who wrote (10378)11/12/2016 2:35:47 PM
From: louel  Read Replies (1) of 10654
 
In my uninformed opinion. I think the market reaction since the Trump victory is a vote of confidence for the policies and agenda he proposed. However I don't think things will really move until after he takes office and shows he intends to follow thru, and if the other two houses are in line with him. I think we have to see what his first moves will be.
Is it going to be promoting infrastructure ? Repatriation of off shore funds ? Tax cuts for businesses so they can use the funds for growth and with lowered costs can compete with off shore. Also will he level the playing field with some import Tariffs till trade agreements can be renegotiated. And how much, and how soon citizens will be dropped ? Which would allow that money to circulate in the country creating retail & service jobs.
If he carries thru on his agenda which should inspire growth in the worlds largest economy. There is no doubt the resource industry is going to benefit. Oil industry when the Keystone is announced especially Suncor and Trans Canada pipe. Any type of construction will boosts iron and steel
As Spec has said previously any thing which pertains to electric or hybrid autos should do well.

Copper is still a major component and is not going to disappear. But not great to the extent it was 30 years ago. House construction has converted to ABS & PVC, Electronics are wireless and printed circuitry. Airlines and auto manufacturing are moving toward carbon fiber.



If they are all on the same page. This could be the beginning of a great move in the markets.

Till he assumes office the markets have no idea what will come first. So I'm cautiously waiting
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