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Gold/Mining/Energy : Gold Price Monitor

GDXJ 92.99

+2.9%

Nov 7 4:00 PM EST

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rdkflorida2

To: Real Man who wrote (112546)	10/28/2020 5:26:33 PM
From: Rarebird	1 Recommendation Read Replies (1) of 116753

Market tanked into the 2016 election also and then reversed and rallied strongly the day after the election. Everyone is saying that market rallies on Dem sweep, which looks very likely. True, there will be relief from a no contested election. And Biden's spending with Dem Congress is bullish. But raising taxes could cause initial selling in November. As for Gold, Dem sweep looks bullish, but who knows how market will react. Two of the three uncertainties gets removed if Dems sweep big. No contested election and big stimulus plan in February.

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