We Called It!!

Earlier in the week we stated that gold would likely move upward if Joe Biden was elected. Although Biden isn’t elected president yet, gold still provided incredible price action like we called for. Gold prices push forward $55 an ounce once market closed! $GLD was green by 2.3% which is a huge percentage move for the underlying. Could this mean the market just predicted the next president? Probably not, but it does confirm the fact that gold prices will continue to be under pressure the next few days or even weeks until we have a clear winning candidate. Keep watching and we hope you can catch the next big gold move!!

-TJ Brescia

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