GREY:ALXDF - Post by User
Post by
goldopportunityon Apr 15, 2017 5:44pm
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Post# 26124686
Fwiw.......
Fwiw.......Situation:
This coming tuesday is a very important day in the u.s. That's when voters in georgia's 6th congressional district decide whether a repub or dem picks up the seat vacated by now health secretary Tim Price. If one candidate wins 50% of the vote on tuesday, then that person wins. If no one reaches 50%, then a run-off election is held in june. The repubs at last count have 11 canditates (yikes!) on the ballot. The dems have about 4-5 but they seem to be supporting one candidate (jon ossoff).
Importance:
If the repubs lose, or even if there's a run-off election, the markets I suspect will consider this a yuge loss for Trump. In this scenario, I think stock markets on wednesday would start to lose gains they may have made earlier in the week. Gold/gold stox would benefit. Why you ask? Because the markets will rightly speculate that this would add a still extra element of uncertainty. And general stock markets hate uncertainty (gold loves it).
Bottom-line:
This high-profile vote will be considered a referendum on the trump administration. If a repub doesn't win tuesday's vote then the consensus opinion will only further embolden the mantra of how can trump expect to get any legislation through. The dems will consider even a run-off election as a win for their team. And, of course, that's how the leftist msm will cover it. So we'll see what happens. Jmvho.
p.s. I'll get out something tonight or sunday of what I think may happen to gold, gold stox (azx specifically) in this next week.
goldopp