{"id":22546,"date":"2020-11-08T22:22:40","date_gmt":"2020-11-09T03:22:40","guid":{"rendered":"https:\/\/capital10x.com\/old\/?p=22546"},"modified":"2020-11-26T09:41:35","modified_gmt":"2020-11-26T14:41:35","slug":"markets-metals-navigator-november-8th-2020","status":"publish","type":"post","link":"https:\/\/capital10x.com\/old\/markets-metals-navigator-november-8th-2020\/","title":{"rendered":"Markets & Metals Navigator (November 8th, 2020)"},"content":{"rendered":"

Biden Presidency Lifts Markets<\/h2>\n

The U.S. presidential election on November 3rd provided a much needed positive catalyst for the markets, giving investors a level of clarity and certainty for the next 4 years.\u00a0 The Associated Press and other major news outlets had officially declared Joe Biden president on Friday after a very close election.<\/p>\n

The Nasdaq charged ahead 9.4% for the week, followed closely by S&P 500 which was up 7.3%.\u00a0 Investors also bid up safe heaven assets: gold, silver and bitcoin were up 4.0%, 8.2% and 7.5% respectively.<\/p>\n

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The Republicans will likely keep control of the Senate, while the Democrats are projected to retain control of Congress.\u00a0 This outcome potentially limits the ability for a Biden presidency to push through a larger stimulus bill.<\/p>\n

However, with the US unemployment level at 7.9% and coronavirus cases spiking, the Senate and Congress will need to get checks in the mail sooner than later, while the Fed will continue to flood the system with money.<\/p>\n

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In this loose fiscal and monetary environment we believe gold, silver and bitcoin will all perform very well relative to cash and bonds.<\/p>\n

Gold mining stocks are one of the most attractive ways to play this trade, as they have significantly underperformed the gold price since 2008.<\/p>\n

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Vanadium: Driving Carbon Reduction in Steel & Buildings<\/h2>\n