This Weekly Briefing will be short but critical. Based on the election anxiety of many investors, we want to help protect as many people as possible. Forget stock picking – if you cannot forecast broad market direction, one of our fortes, all the research and great stock picking will not help you. Modern day markets, due to algorithmic advancements and high frequency trading, often trade together in one giant basket. With that said, expect a sharp sell-off in risk assets, stocks, and to lesser degree metals starting as soon as Friday the 13th but no later than Monday the 16th-19th. We are unsure of the size of the decline and possible violent shock. However, we know it will be meaningful, 1500-2500 Dow points. We expect some recovery and a bounce back up into Thanksgiving, November 23rd. These violent swings will most likely be caused by election turmoil and legal challenges. We expect metals and stocks, which have been coupled for the past year, to decouple gradually into 2021. Big picture, all of this volatility should resolve ultimately to new all time highs in metals and stocks into Q1-Q2 2021 before an ugly year-end decline sets in. Gold Members will be privy to the exact dates of these impending, significant moves.
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