Several analysts I read are expecting a big move in gold (up or down) after this long period of consolidation. I think Biden's spending plans are keeping gold from dropping. And with reconciliation, the Democrats can push their $3.5T social infrastructure spending without Republican support. I've seen estimates as high as 43% for capital gains taxes and WA state wants to add another 7%. I shudder at the thought of the government taking half of your profits.
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