Gold price is the lowest it's been in more than a month and almost the lowest since July.
I just bought GLDM and plan to sell it on election day Tuesday, or possibly Wednesday morning pre-market. I believe enough people will start freaking out and buying gold soon before the election, with some panic buyers on Tuesday, especially if Trump shows any better-than-expected election returns during the day. But even if Biden wins decisively, there should be enough fearful people buying gold on the other side to keep the price from going down. We just have a lot of fearful people in this country. To me, this is low risk with potential good returns.
Is anyone else thinking this way?
I just bought GLDM and plan to sell it on election day Tuesday, or possibly Wednesday morning pre-market. I believe enough people will start freaking out and buying gold soon before the election, with some panic buyers on Tuesday, especially if Trump shows any better-than-expected election returns during the day. But even if Biden wins decisively, there should be enough fearful people buying gold on the other side to keep the price from going down. We just have a lot of fearful people in this country. To me, this is low risk with potential good returns.
Is anyone else thinking this way?
