Dollar Depreciation Certain… Final Election Results? Not So Much

Gold & Silver Market Update: Key Fundamentals to Watch Closely

This week we cover the price movements of gold, silver, platinum, palladium, US Dollar Index, DOW Industrials, and more. We'll review key fundamentals to watch closely over the coming months in relation to gold & silver.

- Source, Golden Rule Radio

Economy to Shut Down Again This Winter says Lobo Tiggre, Biden Will Destroy the Economy

"If Biden is sworn in, he'll shut the economy down this winter more than Trump would have. USD goes under the bus, stagflation is likely. They'll blame COVID-19, but for once, socialism might also get some of the blame for the trouble it causes..." said Lobo Tiggre of the Independent Speculator in a Tweet made last week.

- Source, Kitco News

Gary Wagner: A Biden Win is Great for Gold?

Tom welcomes a new guest to the program, Gary Wagner. Gary has been a technical trader for over 25 years and is the executive producer of "The Gold Forecast," a daily video newsletter. 

Gary discusses how people are waiting for more stimulus, but the next program will likely not arrive until February. The economy continues to contract, and while some businesses are doing very well, others are being hit quite hard. 

The Fed has stated that interest rates will remain unchanged as they still have some options in their toolbox. Expect gold and equities to continue to do well in this environment. 

We've had the most massive budget deficit on record at three trillion to fund this crisis. There is still a lot of work to be done, and he expects that 2021 will have a similar or perhaps even larger deficit than 2020. 

The government will likely continue bailing out specific sectors through next year. 

Typically Democrats spend more than Republicans, and there is much uncertainty surrounding Trump. 

What America needs no matter who wins is a peaceful transition of power. From now on, there could be a lot more protests. Gary discusses how fast technology is moving quickly and why that makes him cheerful and optimistic about the future. 

Gary believes cryptocurrencies will find a place in the fabric of society. Crypto allows third world countries and developing countries to transfer value with relative ease. 

He likes silver as it will outperform gold during moves but will also correct harder to the downside. 

There is a finite amount of both metals, and there will always be intrinsic value with these assets. 

He discusses what being a hybrid technical trader means for him and how he was mentored by two great technical traders Larry Williams and Don Bollinger. 

He says, "Making money isn't that difficult. Keeping it is the hard part." Finding the tops is the hard part of the markets, and he discusses some of the alternative trading techniques he uses.

- Source, Palisade Radio

Oil Market Rolling Over Into Bear Market, Worst Case Scenario For Oil Income Investors Playing Out?

Oil prices are rolling over (again) as many Eu countries go into a 2nd round of lock downs. Demand for gasoline, jet fuel, plastics and other petroleum products has not returned to anywhere near pre-pandemic levels so it was predictable that oil prices might roll over again back into a bear market and income investors relying in dividends or distributions (from MLPs) throughout the oil value chain might be hurt badly if oil prices roller over from the $40 trading range since early June.

- Source, Wall St for Main St