Trump’s key staffers just disclosed their financials. Browse through them and see how many of these people have precious metals related investments. After a cursory look through their holdings, I haven’t found any. No ETFs, mutual funds, or stocks related to PMs. What this tells me is that the public hasn’t even begun to become interested in gold and silver. They are still fixated on the general stock market, Treasuries, real estate, and in some cases energy.

So are there really enough weak hands piling into PMs to provide the fuel for another plunge in gold stocks? I doubt it. We’ll find out over the next few months.