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New POTUS, New Gold Bull Market?
Joe Biden’s election as president and his first economic proposal proved negative for gold prices, but the presidency might yet turn positive. The 46th presidency of the United States has officially begun. What does that mean for the U.S. economy, politics and the precious metals market? Let’s start by noting that this will not be an easy presidency. The epidemic in the U.S. is raging, the economy is in recession, and public debt is ballooning. Foreign relations are strained while the nation is strongly polarized, as the recent riots clearly showed. So, Biden will have to face many problems, with few assets. ... (full story)