The volatility continued in the metals again this week, something that we shouldn’t expect to change anytime soon. There wasn’t much news-flow this week, following earnings season. There are talks about the next stimulus package that could be announced at any time, though it will be just be stop-gap until the two sides can come to an agreement on what will inevitably be a larger stimulus package. This is where the upcoming US elections come into play (note: I'm not political).
If Trump wins, we don’t know what the metals would do in the very near-term but he will be very supportive over the medium-term as Trump has set records for single-year deficit spending, and record for single year increase of national debt. However, if Biden wins, gold and silver should go up much more in the very-near term and be incredibly supportive of higher prices. To give you an idea, the democrats wanted to pass a $4T stimulus package already, as opposed to the proposed $1T stimulus by republicans.
$AMK.V, $USAS, $AMX.V, $DSV.V, $GWM.V, $JAG.TO, $JG.V, $KL, NFG.V, $NAK, $QMX.V, $SBB.TO, $VGCX.TO
https://goldseek.com/article/gold-seeker-report-week-mining-issue-27-quiet-week-following-earnings-season
Chief Mining Analyst with SilverSeek & GoldSeek. Previously he was the Senior Mining Equity and Economic Analysis at The Morgan Report. He was a Co-Founder and Director of Lemuria Royalties, before it was acquired in March 2018. He also co-authored The Silver Manifesto with David Morgan in 2015.
Legal Notice / Disclaimer: This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. SilverSeek.com, Silver Seek LLC have based this document on information obtained from sources it believes to be reliable but which it has not independently verified; SilverSeek.com, Silver Seek LLC makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of SilverSeek.com, Silver Seek LLC only and are subject to change without notice. SilverSeek.com, Silver Seek LLC assume no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this Report and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission. Furthermore, we assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information, provided within this Report. The information presented in stock reports are not a specific buy or sell recommendation and is presented solely for informational purposes only. The author/publisher may or may not have a position in the securities and/or options relating thereto. The company is may or may not be a sponsor of this, or any other related, websites. Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction. Please see our full disclosure statements for more information.
