What now for gold and gold stocks post election – Key levels to watch
Jordan Roy-Byrne joins me for a close look at the gold, GDX, and GDXJ charts. We touch on the lack of Blue Wave in the US election and what that means for fundamental drivers for gold and gold stocks. We also spend time focusing on the balance between the GDX long term uptrend and the short term downtrend.
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Comment from….
https://www.zerohedge.com/markets/how-will-next-president-impact-gold
I have been saying this for a long time about gold………concern the ROI….
some like to nickel and dime the issue…but, you can do the math….
Back to Basics………. 🙂
Now that Trump is beaten Gold has a clear path to $2000 and beyond. DT
I would wager that ur judgment is premature
Scorpio Gold having a great day (;-)
Big Picture
Historically, the party controlling the White House has had very little effect on the price of gold. According to a World Gold Council Report, dating back to 1971, gold returns were 11% on average per year during Democratic presidencies and 10% during Republican administrations.