President Trump has pre-existing trends in his favor for lower energy prices. Venezuela's potential production increase (1 million barrels/day) is only about 1% of global supply. The US already has a 4 million barrel/day surplus of crude and liquid fuel. Prices are going down and he doesn't know what stops it.

No, it doesn't make a big difference. It's the big picture. Natural gas is down 15% year-to-date, which is the primary source of heat, electricity, and fertilizer. Natural gas could be around $2.00 soon, and gasoline is heading towards $2.00/gallon. All these trends are in favor of lower prices, and the administration is accelerating them.

The Western Hemisphere is becoming a price maker in supply. China's imports have been flat for almost five years, so demand isn't increasing. This shift will pressure Russia's ability to wage war and pull China out of Venezuelan influence. Geopolitics is what's keeping gold on its upward trajectory.

Exactly, it's all supply. The economy is not slowing. The US stock market versus GDP is at its highest in 100 years, which is what gold is sniffing out - the risk of volatility picking up. That volatility will pressure crude oil more.