Gold Headed for its Longest Losing Streak Since 2004

Gold is heading for its 7th consecutive weekly loss, making it the longest losing streak for the utterly retarded yellow metal since 2004. This rout has been spearheaded by President elect Donald J. Trump under the umbrella of a stronger dollar.

Over the past month, the dollar is higher by almost 8% — sending shockwaves throughout the precious metals and bond markets.

Gold is down 15% over the past 3 month, but gold miners have done much, much worse.

Here are some of the assholes currently plagued by a Trump induced bear market.

PPP -55%, SBGL -53%, RIC -46%, AUY -43%, GFI -42%, HMY -42%, GORO -41%.