With the FBI coming out just before the election that no charges are going to be pressed against Hillary Clinton, the stock market is in euphoria and gold is getting hit.
I still love gold to move higher but we might spend a few days living on the glory for Democrats of a Clinton victory where everyone is in la la land and thoughts of debt, deficits, wars and a crumbling infrastructure, let alone global deflation (buoyed slightly recently) are all figments of our imagination. Party on Garth as the Saturday Night Live saying used to be. Enjoy it while you can. It won’t last.
The Fed is poised to raise rates come December and if they do, that will put a damper on everything. It is supposed to be a sign of a new beginning, with Yellen still at the head of the Fed and new leadership in the Whitehouse. Come next year we’ll see the reality of a deflationary bust hit, so have some patience while we go about our day skipping along like one leader over another really makes a difference.
Doug Eberhardt is a 28 year financial services veteran and precious metals broker selling gold and silver at 1% over wholesale cost. Doug has written a book to help investors understand how gold and silver fit into a diversified portfolio, how to buy gold and silver, and what metals to buy. The book; “Buy Gold and Silver Safely” is available by clicking here Contact phone number for Buy Gold and Silver Safely is 888-604-6534
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