Can/Will the election have any effect on the silver spot price?

[FAT SEXY]

Just curious on folks opinion.

 

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[Holt0222]

I am sure that it will have some effect on the silver prices but that would be expected.

 

[malenkai]

In theory, a "blue sweep" would lead to a larger aid package, which is inflationary, which often causes metal prices to rise.

IMHO, tho, the outcome will not have much of an effect.

 

[metrotec]

stock market goes down, precious metals go up, Dems will cause the market to fall, not drop. Gotta remember how far the market has risen in last 3/1/2-4 years. my thoughts

 

[smokeythecat]

Some probably, but I'm not good at predicting metals prices.

 

[GoDeep]

Dems will cause the market to fall, not drop. Gotta remember how far the market has risen in last 3/1/2-4 years. my thoughts

Why? Nothing Historically supports this statement. Historically, when a presidency flips from Repub. to Dem. , the stock market climbs. Also, it's been claimed the past 3 years we've had the best economy ever, that is untrue, it's been good, but not the best.

Click on Images to Enlarge:


Dow:


S&P 500:


GDP:

 

[fistfulladirt]

No. It will be manipulated up or down, as usual.

 

[SeabeeRon]

Why? Nothing Historically supports this statement. Historically, when a presidency flips from Repub. to Dem. , the stock market climbs. Also, it's been claimed the past 3 years we've had the best economy ever, that is untrue, it's been good, but not the best.

Click on Images to Enlarge:
View attachment 1877088

Dow:
View attachment 1877089

S&P 500:
View attachment 1877090

GDP:

View attachment 1877094

Well, there you go spouting facts again!!

 

[JamesBrown1950]

Nobody really knows. The economy was good, but in these times and with Biden winning silver and gold might get even more expensive. It also depends on how long are we going to be with coronavirus.

 

[PetesPockets55]

.... The economy was good, but in these times .....

I assume you're referring to Clinton's and Obama's terms in office when you say "the economy was good".
"But in these times", the Fed has no more room to move the interest rates lower because the economy started to falter again in July, 2019.

The Federal Reserve raises interest rates in an improving economy and reduces them in a failing/faltering economy.
Remember what happened last year before Covid? The Fed started raising rates again to help the faltering economy before Covid.



The economy finally recovered enough in 2015 that they started raising the rates again to combat inflation. Little by little, rates were increasing all the way up to 2.5% in July ,2019 when rates started coming down because of the faltering economy. It now stands at 0%, Zero, Nada. That reduction was an indication the economy heeded help. I seem to remember the "R" word (recession) being thrown around last year.

The economy likes stability and that is just one of many things Biden will bring to the White House.

 

[fistfulladirt]

I say no, not yet and probably not to the last two posts, can’t go any further than getting into politics.