The metals remain in a trading range as do the mining stocks likely due to the both the upcoming election and the announcement of the next stimulus bill, which is coming closer to both parties agreeing on. I don’t think we will get one before the Nov 3rd. But it is immaterial whether we get one next week or a month from now as there are likely multiple stimulus packages coming down the pike. It is wise to keep some dry powder in the case of sell-off once the winner of the election in announced, which could cause a general market sell-off; if significant enough could put downward pressure (temporarily) on metals and miners. I think you know who I’m talking about.
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$BNAU.TO, $F.V, $GLDX.V, $KNT.V, $KL, $MAG, $MTA, $OR, $ROXG.TO, $VGCX.TO, $WM.TO
October 25, 2020