Buying Gold's Election Window
BY: NICK HODGE
Stocks and gold have gone a whole lot of nowhere since August.
The S&P 500 is at the ~3350 level and gold is just above $1,900 — despite moves higher and lower from each over the past two months.
They’ve both been trading inversely to the dollar.
So it’s not stocks and gold that are being indecisive ahead of the election… it’s the greenback.
The volatility that has ushered in is an opportunity. It has allowed you to buy gold, gold stocks, and stocks more cheaply — if you’re willing to take advantage.
The election, in time, will prove a mere distraction from the underlying issues the market has so far successfully procrastinated facing. Neither donkeys nor elephants can defy the laws of physics or economics. They’re both animals.
When the winner is announced the rampant unemployment, depressed earnings, and virus will still be there.
That’s defensive with precious metals and utilities for now.
Post-election that likely means getting back into U.S. equities on a fresh round of stimulus — at least until the procrastination catches up.
Let’s get through today first.
Call it like you see it,
Publisher, Resource Stock Digest
Nick Hodge is the co-owner and publisher of Resource Stock Digest. He's also the founder and editor of Hodge Family Office, Family Office Advantage, and Foundational Profits. He specializes in private placements and speculations in early stage ventures, and has raised tens of millions of dollars of investment capital for resource, energy, cannabis, and medical technology companies. Co-author of two best-selling investment books, including Energy Investing for Dummies, his insights have been shared on news programs and in magazines and newspapers around the world.
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