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Biden’s Gold Boom: Why the Yellow Metal Could Fly in 2021

From oilprice.com

Gold mania used to just live on Wall Street. Now it lives on Main Street, and a Biden Administration promises to add multiple fast lanes, paving the way for the next stunning discovery stock to soar. In August, in the summer of the pandemic, gold broke above the magical $2,000 per ounce zenith and although they backed down a bit, continued to unleash a torrent of forces conspiring to fuel a furious rally. Gold mining stocks performed even better, outpacing physical gold by a significant margin. Both the VanEck Vectors Gold Miners ETF (GDX) and VanEck Vectors Junior Gold Miners ETF surged over 50%, more than 1.5x the ... (full story)

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  • Category: Fundamental Analysis