Gold Is Still A Great Opportunity

Gold last traded at $1,906 an ounce. Silver at $24.50 an ounce.

NEWS SUMMARY: Precious metal prices rose on safe-haven buying and a weaker dollar. U.S. stocks fell on dimming hopes for a pre-election stimulus deal as a rising number of Covid-19 cases dampened sentiment.

Hirst/Seeking Alpha---"U.S. equity markets have been in a holding pattern since early September, Europe has been holding since June, and most other global markets are in bear market formations where the rallies have held and are going nowhere, Roger Hirst told Real Vision during today's Daily Briefing. Hirst said it's common for markets to go sideways before an election and then have a relief rally no matter which side wins because there is finally more certainty. He thinks we'll likely see this in the U.S., especially because both sides will do more fiscal going forward....He believes the safety valve for the inflation play will be precious metals and he remains bullish on gold. Hirst concluded the interview with his thoughts about the U.S. and Europe’s differing approaches to stimulus. He said the U.S. will probably see higher levels of bankruptcy sooner than Europe, but because Europe is supporting jobs that are never coming back, they're in a position of having to support them ad infinitum, which is contributing to the zombification of the European system."