If you were looking for an interesting set up heading into Yellen’s testimony on Capitol Hill, you got one on Tuesday.
Both gold and the yen are were bid on the heels of Donald Trump Jr.’s tweets revealing a potentially damning e-mail chain that documents preparations for a meeting between Trump associates and a Russian lawyer.
The dialogue is about as unequivocal as it could possibly be. The Russian government was clearly prepared to back Trump’s presidential campaign and trying to damage Hillary Clinton. Trump Jr. at one point responded with this: “I love it.”
It is in fact so blatant that it’s hard to believe they were that stupid. Just call it “House Of ‘Tards.'”
And so, as we prepare ourselves for the Queen Bee, here’s a look at gold and the yen, serving their usual purpose as a shelter from the proverbial storm: