Gold Rush

We are here again talking about gold and its power. But right now it holds more power than you may think because of the election. To keep it simple gold could very well make huge moves upward if Joe Biden is elected President. This being solely because of the COVID relief package the Biden administration is looking to release ASAP. If we know one certainty it is that the printing of money for stimulus leads to future inflation which leads to attraction of gold and silver. This to go along with near 0% interest rates is everything gold needs to rise up. If you remember over the summer months of June and July this year, gold made one of its biggest and fastest moves up we’ve ever seen. This was due in part to the stimulus packages released and the inflationary aspect tied to it. So keep an eye out for gold over this week and the coming weeks as price action could rise significantly.

-TJ Brescia

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