Market trends which developed immediately following the election of Donald Trump as the 45^th president of the United States not only continue, but seem to be strengthening.

Whereas the most recent “Brexit” referendum vote had a knee-jerk reaction which lasted roughly 3 days, our most recent presidential election’s knee-jerk reaction lasted a little over 12 hours.

Inasmuch as there is true uncertainty as a new US president takes office on January 20, the “Tru-ally” affect (Trump Rally) continues to add short-term optimism to US equities markets.

As we approach Thanksgiving later this week, it seems as though the recent presidential election continues to have a positive influence on the US equities markets. The overall market sentiment continues to be a short-term optimism based upon the current belief that President-elect Trump’s policies will be supportive of business as a whole.

With the U.S. dollar rising, it seems, by the hour, gold and silver have nowhere to go except down. Today the U.S. super currency was up 0.35% against the euro, gained almost twice as much on safe haven yen and banged out a 0.30% rise against the Swiss franc.

The dollar kept at its inexorable rise, driving down gold, silver, haven currencies and face price on bonds, all haven plays that no one wants to play with.

The preponderance of gold’s decline was attributable to dollar strength. Silver was hit by downbeat regular trading as well as the greenback.

Although we are expecting a pullback any day, the U.S. dollar rode higher against the euro on the day, up around 0.40%. The rise affected all sorts of markets, although curiously, the bond market saw face values rise finally and yields slip a bit.

Spot gold was down about 0.30% afternoon while the gold futures contract price rose infinitesimally.

We are still in the midst of watching the dust from last week’s presidential election settle. We’d like to remain neutral on the general character and abilities of President-elect Trump, but we can see a conflict between Trump and much of his party.

The U.S. dollar is up more than1.00% against the euro today, squashing gold down, despite the fact that in regular trading gold gained 0.35%. Overall, though, the yellow metal was down $8.50.

Silver also suffered, off almost 3.00%. It was hit by dollar strength and found no relief from regular trading.

It’s understandable that gold would continue to slide as we celebrate not so much Donald Trump’s victory as we do the end of the election itself.

As the United States strides back to equilibrium after fretting over the presidential elections, gold plunged another 1.65% today.