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2020/21 reminds me a great depression from 1930s in usa, this is the situation we are facing now.
Gold is the best investment atm, silver, copper ect...
Next year will look very similar unfortunately, GER and France announced total lockdown, that's why all markets are in red across all Europe.
IMHO our government must do absolutely everything to keep economy going, we must stay away from potential lockdown.
Ps. By the way... Do you know what finished great depression in usa...
WW2.
Gla
Every US pre election results sees carnage on US stocks but the fall out also hits all wider markets.
Civil war?
Armed militias?
Jeez. It's a good job we are out in the sticks. I can see it now. 'Lets get them rooting tooting Gold prospecting liberal socialist commy sods and give them both barrels'.
Yeah, it's written in the stars.
Meanwhile, on planet Earth......................
Worth considering that you have citizen militias popping up in various states, and there will likely be some bloodshed. The chance of a civil war is small, but it's still there. Not expecting it to end in that myself, but it's worth considering. Although seeing how my account has fared through a pandemic, who know.s
All very interesting, but the only thing that matters here is how much 'stuff' is in the ground. Everything else is just noise.
We can speculate and pontificate about the US election all we like, and I don't profess to know much about politics in the USA, but it is a safe country to be operating in. Whoever wins, I really can't see how it will impact our operations. When it comes to making money, I don't think either of the candidates will put any sort of barriers in the way. It isn't the way it works over there.
Our success or failure is entirely dependent on what we find in the ground.
Trump has no clear plan for his economy, he continues to spout protectionism of US industry by maintaining tariff wars with the Chinese, he has no clear plan for COVID other than he needs a huge stimulus package. Markets love stability , not some failed businessmen tweeting. The US economic recovery has been a direct result of the fiscal policies set by Democrat Obama, Trump has stagnated the US and now its being hit by COVID. Incidentally Obama created a team tasked with looking at a global pandemic and his first action was to scrap them...they could've come in handy. Anyway just my opinion on things
San
After hours both FTSE and Germany are now Blue so we may see a bounce in the morning. GWMO has taken the least %loss of my mining PF and watchlist
General market Sell-off so MMs indiscriminately marking everything down:
> FTSE down 2.8%
> Wall St down 2.5%
> Germany down 4%
> FTSE 350 Mining down 3.5%
> EU VIX up 8.3%
Talk for yourself Sanboy !! Trump will definitely be the better option for business that's for sure, Biden will be carnage for business.
I'm also expecting a gold/silver pullback if stocks really tank as traders search for ready cash to meet margin calls, but I suspect that this will be short-lived whilst portfolios get rejigged after the US election.
I don't think it really matters who gets in we can be 100% sure that a VERY large $Trillion stimulus package is on its way the only difference will be who the direct beneficiaries will be.
Fiat currencies are also 99.9% broken and a reckoning of one sort or another will be along not least of which will be more dollar weakness and variants on QE, ZIRP et al. All of which is good for precious metals and commodities priced in dollars, but rubbish for banks and anyone trying to live on fixed income products ... the shift to gold will continue as reduced or nil counter-party risk.
AIMHO APR
Why would we want Trump to win? That's the worst of the 2 scenarios for us.
San
yeah you and me both Apro, all my profits in LGEN have been wiped out, and i failed to get out of RMG when i just scraped even (wanting a little profit) now heading back down the rabbit hole with union issues on the horizon)
Yes I agree nothing seems to be moving, once the election is done and dusted and trump wins again you will see more activity, the US turmoil in relation the election is holding a lot back. As for GWMO we may stick around these figures as I have stated before they had a huge opportunity to capitalize on the recent good news but failed again with PR. Lets hope they are still here come spring 2021, I have my doubts.
My whole PF is red today by 3-10% except GWMO which is unchanged even though FTSE has taken a hit