[…] Stocks had a grand pop and flop today, as the initial exuberance over a possible vaccine for coronavirus and the apparent win by Biden took a large exogenous weight off equities.
And so it was risk on to near euphoric levels.
And then it was not.
Gold and silver got hammered today.
Looks like the traditional Non-Farm Payrolls report shenanigans were a trading day late.
I was pretty much in cash coming into today. I did add back a trading position in gold and a couple of miners, which were just brutalized.
On the heels of gold and silver seeing a huge down day, one of the greats in the business said he was not selling any precious metals today. Plus energy leads the way and another golden opportunity.
Jevin Potvin died just as his father thought he might finally be turning a corner.
The 2020 presidential election is the stuff of banana republics as the ruling class loathes the boss and is trying to steal the election in broad daylight. Joe Biden underperformed Hillary Clinton in every state except the four where hundreds of thousands of ballots are miraculously appearing for only Biden. Something is rotten in Denmark, as the Bard put it.
The extremely pro-marijuana results in last week’s ballot measures were not an anomaly—and to judge from current poll numbers, they shouldn’t be a surprise.
Dr. Anthony Fauci has a word for his industry colleagues.
Georgia is heading for a recount in the presidential election since there are still some absentee, provisional, and overseas military ballots left to count (98% of votes in the state have been counted so far) and Joe Biden holds a small 11,000 vote lead over President Donald Trump.
Mexico’s president expressed surprise at how U.S. media are working to “censor” President Donald Trump amid contested election results.
European countries are imposing harsh lockdowns again as a second wave of COVID-19 spreads throughout Europe. It was a mistake last spring, when most U.S. states followed Europe’s lead in imposing lockdowns during the first wave, and it would be an even bigger mistake to copy the failed lockdowns again today.
Presidential election 2020 is the same as every other, except in the ways it isn’t. Allow me to expand on this.
Author and anti-racism activist Ibram X. Kendi last week listed several terms he argued are racist, including “legal votes” and “personal responsibility.”
New York Governor Andrew Cuomo (D) rejected accepting the COVID-19 vaccine developed during the Trump administration’s Operation Warp Speed, saying it’s “flawed” and must be stopped “before it does damage.”