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Gold/Mining/Energy : Gold Price Monitor

GDXJ 90.01

+2.8%

Nov 5 4:00 PM EST

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To: 87flstc who wrote (113994)	12/18/2020 4:10:04 PM
From: RetiredNow	Read Replies (2) of 116752

Is that what happened today? I was wondering why the dump late in the day on stocks. I had read that there continues to be a lot of daylight between Pelosi and McConnell on the details of the package. So that's making people nervous. I still think they will get this done by end of this weekend or early next week and Trump will sign whatever comes his way. Then stocks will pop and stabilize for the remainder of the year. Then next year will be a crack up boom on the back of re-opening, stimulus, ZIRP, and QE. I'm expecting a 20% gain in my portfolio next year, even as many people will continue to say the market is overvalued. I too think it is overvalued, but it will get more so by the end of summer 2021. I will re-evaluate things as we go along, but expect to hold until end of summer and then lighten up before Fall 2021.

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