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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.81

+0.9%

4:00 PM EST

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To: Rarebird who wrote (112839)	11/7/2020 8:46:01 AM
From: Real Man	Read Replies (2) of 116762

Anything is possible, USA can be obliterated in a nuclear war and the SP500 will trade at 5000. Generally the market is not strong during lame duck session when incumbent loses. You can bid up stay at home stocks. I would like to build a long position in the stock market but I hate valuations in this so-called recession. No for sale sign for stocks or real estate. We have potential trouble in loans come January, and I think it is erroneous to think people will shop til they drop while others are dropping dead, even without stay at home order on the national scale. There will be local orders because governors did not change. We are going into a double dip recession. I think it’s fallacy to think that if we don’t close everything will be ok. There should be an additional clause. If the economy does not close and there are no coronavirus cases we will be ok. Otherwise we are about to find out how far government and Fed financing can be stretched before the entire Keynesian Ponzi resets. It did happen before in many countries. USA is NOT too big to fail. I am afraid to even forecast what happens before inauguration to virus cases. I do hope the governors will act. I know our Republican governor is acting in Maryland. He is awesome, he voted for a dead guy because his State is deep blue and Trump sunk. I can’t see people dropping dead putting the country into euphoric shopping mood. You are free to roam the streets maskless and drop dead later. Yay to US Constitution. -g-. Generally Keynesian Ponzi cannot be infinitely stretched, which is why wiser countries don’t do it. I will go long a bit, but I am risk averse and don’t want to bet the farm.

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