As noted earlier, I will use this blog and likely interviews of me to expand on my thoughts on the markets I follow. For now:
U.S. Stock Market – Currently down over 300 points, I believe it shall make up this loss and then some between now and when Bernanke makes a critical speech on November 20th. But remember, from this point going forward to no later than the spring/summer of 2013, America shall be well into an economic, social, political and spiritual crisis unlike anything else in its entire history. And make no mistake about it, the America I and many grew up in disappeared late last night.
Gold – Like I said last night, $2,000 gold is now cheap. Obama may be bad for a lot of reasons but his win has all but assured a new, all-time inflation-adjusted high well within his next term. Down several dollars as I type, I look for it to make up all the losses and move higher later today and/or for the rest of the week.
Special Note – I’m literally sick to my stomach. I’ve made the mistake of engaging whacko’s and ignorant people from the “other” side (it amazes me that they write to me saying how wrong I am yet they continue reading the blog). There will be a post- election depression for some of us so keep in mind raw emotions are the worse conditions to make important decisions from.
....so much more on Grandich.com (3) things....