Gold price could surge another 50% under the next president – Bloomberg Intelligence

Kitco/Anna Golubova/10-22-2020

“‘During the next presidential administration, I don’t see why it should not increase another 50% or maybe more,’ McGlone said. Following the 2020 election, McGlone sees gold’s $2,000 an ounce level transition from resistance to support. ‘I view gold similarly to 2001 when the gold bull market got started. The metal is currently resuming the bull market that started 20 years ago,’ he said.”

USAGOLD note:  Interesting take on where we are and where we are going from Bloomberg commodity analyst Mike McGlone.  McGlone thinks we are going to get a Democratic sweep and that the Fed is going to buy [monetize] most of the stimulus a blue-wave federal government will create.

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