The US Treasury Secretary Steve Mnuchin wants a low dollar. At least this was the impression he made at Davos last week. The president’s comments a day later refuted Mnuchin’s comments. So which is it? Strong dollar, weak dollar? The administration appears to be having difficulty keeping it’s story straight. At the Real Money Show we know that the dollar is weakening and the belief is that this trend is set to continue. Yet the appearance of strength is always important to the US as it holds the worlds reserve currency.
It is RRSP time and Guildhall offers investors the ability to hold physical allocated and segregated bullion in Registered accounts.
Ameritrade CEO Tim Hockey noted last week that client cash levels are at an all time low. This indicates that investors are all in as far as the stock market is concerned? It could also be another indicator of savings rates being at all time lows. So what is driving the stock market if potentially everyone is fully invested?