gfp: Even as a conservative move I would increase your allocation to gold and silver to 25% and reduce your exposure to bonds, unless you have uncallable high grade bonds that are paying more than 3%. If you aren't getting a return at least equal to published inflation numbers you are losing money. You cannot lose by owning high quality mining stocks and royalty streaming companies. Not in this macro environment. Earning season for the miners begins in about a month. They will be posting stellar YoY earnings growth. Not many other sectors of the economy will be doing the same. The fundamentals are outstanding for precious metals. Many other sectors are moribund. Take away the performance of the top 6 stocks in the S&P and the other 494 stocks are down for the year. And just wait until we start seeeing the election effect on the markets. In a worse case scenario of no clear cut winner, claims of fraud on both sides, hundreds of court challenges, the possibility of a 4-4 Supreme Court....we might not have a President officially elected by the Deadlinge of December 15th. Then what? It goes to the House. But each State's Congressional Delegation gets one vote. Not all 435 Members get to vote individually. So say California's 52 Seats in Congress continue after the election to be 45 Democrats and 7 Republicans. Doesn't matter. They get one vote for President. Wait until the left learns about this rule. They already hate the Electoral College. This one state, one vote rule for the House voting for President will really put them in the streets to riot. In this worst case scanario the stock market could drop 50% or more.
AI
