Told you soIf politics affects economics, and economics are fundamental to how specific commodities or precious metals are to be priced, plus stock market valuations and cash inflows or outflows, correct prediction of likely political movements is one of the keys to assessing valuation and risk of any investment, including drill plays for gold and perhaps copper and silver up at Treaty Creek in British Columbia.
Be aware you have some foolish, misinformed political opinions on this BB. And the highlight difference of opinion is not left vs right, although they seek to demonize, falsely, modern progress championed by liberals towards universal equality as radical leftism. There is nothing radical about treating all people with equality and fairness. No, themost recent shift in American politics was a battle between ineptitude and disregard for rule of law, versus rational policy-making and a public desire to return to lawful government.
Don’t trust opinions based on wildly wrong predictions and inclinations out of step with reality. Trust facts, trust responsible professional civil servants and journalists. Read widely. Disregard lies, hate and and nutty, obscure conspiracy theories and falsehoods.
A better tomorrow awaits, although the cost of fixing the incredible ineptitude of the Trump administration is going to be expensive and increase the national debt significantly. That should push low interest rate and weak dollar policy coordination between Jerome Powell at the FED and Janet Yellen at Treasury. Gold should respond by pricing upwards.
There are also rumblings out there about ponzi-like manipulations occurring in the Bitcoin and Alt-coin space, with distorted volumes of cash flows and trading related to non-currency swaps from dollars into some obscure cyber-token called “tether”, and a tightening investigation by financial regulators. I find it all very opaque and suspicious ... but a good Bitcoin collapse while it will serve a new generation of speculators a very bitter lesson about DD and understanding vulnerabilities to unregulated financial manipulations, it will also return attention to the fiduciary par excellence from time immemorial ... gold,
Things will be looking up this year once this awful Covid plague is brought under control. Then, Roaring 20’s, reprise?
cg