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Gold and Silver are poised for an upward explosion. It doesn’t matter if there is news to explain the moves(it is going to happen whether there is turmoil or absolute calm). I wouldn’t be surprised if developments next week, throwing serious doubt on the legitimacy of the swing state electors, is the reason given for the move. Enjoy the ride.
But the AP has called the election for the Big Guy and sees nothing but a secure and fair election.
If short, I’d be getting nervous. Am I going to shoot for another 10%+ at GDX 31 or risk an upside break (I still have ammo left to buy at 31). Not only the foreseen political upheaval (CCTV video evidence), energy costs are still low and massive profits should be shown for Q4.
Also real yield gap – stretched.
https://www.fxstreet.com/analysis/gold-and-real-rates-divergence-could-signal-a-big-move-in-gold-202012021601
Credit Maloney’s PM/Econ news aggregator site.
https://goldsilver.com/industry-news/