Month: December 2020

ETF Strategy/George Milling Stanley/12-15-2020

“At the time of this writing, there seems little chance of the bear case scenario coming to pass. Right now, the global situation seems poised somewhere between the base and bull case scenarios. The one condition that seems likely to be a given as we move toward some level of economic recovery — while at the same time, treading the difficult evolutionary path toward whatever the “next normal” turns out to look like — is an elevated level of volatility across all financial markets. Gold’s diversification properties may help investors seeking to preserve value in their portfolios during that difficult navigation ahead.”

USAGOLD note:  Milling-Stanley’s bear case has gold at $1600 to $1800; the base case at $1800 to $2000 and the bull case at $2000 to $2300. He is the Head of Gold Strategy at State Street Global Advisors.

The post The post election world and gold’s 2021 outlook first appeared on Today’s top gold news and opinion.

The Morning Porridge/Bill Blain/12-15-2020

“I was rather looking forward to a couple of days in London from tomorrow – catching up with some clients, a couple of “proper” lunches, and a pre-Christmas dinner with the kids. But London has been plunged into Tier 3 and all bets are off, so this afternoon I’m taking time out to drive up to the Smoke to drop off presents and have a socially distanced cuddle from my youngest. Like everyone else, she’s upset – wondering what the point in it all is… no Christmas, no parties and little prospect of family time. Her Grandmother in Scotland can’t see her, and it’s looking likely the easing of get-together restrictions over the feast days won’t happen.”

USAGOLD note: Blain starts with the holiday dilemma we all face in these times (above) and ends with an observation and a reference to his own course of action: “My view is financial assets will remain fundamentally distorted and increasingly vulnerable to correction. I’m sticking with a  healthy weight of gold and looking for alternatives.”  Ramirez posted a cartoon the other day that captures perfectly the spirit of Christmas 2020 ……

Cartoon courtesy of MichaelPRamirez.com

The post Bearishly pragmatic first appeared on Today’s top gold news and opinion.

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