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We know the election is on your mind which is why we made sure most of today’s news is a productive use of your time. We have four commentaries on gold and silver prices as they relate to the election. Jim Rickards thinks silver could possibly surge in price within weeks after the election depending on how things play out. We also have some recent news on Amazon India’s new online store that deals in the yellow and grey metals, and some disturbing news on a gold seller who was hacked—putting credit cards in jeopardy.
Let’s dig in…

Commentary
Gold Price Forecast – The Calm Before the U.S. Election Storm
From the Daily FX: With just a few days to go before the 59th US presidential election on November 3, incumbent Donald Trump is said to be trailing the Democratic candidate Joe Biden in the polls, and in the all-important state of Florida. Bookmaker Paddy Power has Biden at 2/5 to win the election while Trump is available at a much more generous 15/8. The final couple of days before the vote, and the days after it, will likely be highly charged and this volatility will reach across all financial markets. Gold will remain under the spell of the US dollar, and safe-haven flows, and will likely see choppy trading conditions as markets gyrate between risk-on and risk-off.
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Commentary
James Rickards Speaks About Silver—Says It Could “Explode” Within Weeks
From The Daily Reckoning blog, Jim Rickards had this to say about silver: “Do you have a flashlight, spare batteries and some duct tape stashed away for home emergencies like power outages or hurricanes? Of course you do. How about 100 ounces of silver coins? If not, you should. In an extreme social or infrastructure breakdown — where banks, ATMs and store scanners are offline — silver coins might be the only way to buy groceries for your family. This is one of many reasons why sales of silver coins and bullion are set to skyrocket. The upcoming election and its aftermath could witness social unrest that would make this summer’s chaos look downright tame. We might not even know the winners for several weeks after the election. Things could get very ugly.”
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Commentary
Will Gold and Silver Win the Election?
Greetings once again from the high country up here in Squaw Valley, where time is at a premium as we're "in motion" as well, so let's get straight to it as Gold & Co. are on election go! The notion inherit of our prior two missives remains intact: that a Team Red election victory is "priced into the market". Rather were the tilt be to Team Blue, as we'd penned "...Gold would by now have soared and the stock market by now have been floored..." 'Course the latter we deem as overdue to get floored regardless of election outcomes; and the S&P 500's pullback this past week of -5.6% is hardly a flooring: our "live" price/earnings ratio of 46.3x for the S&P remains historically extreme and as such unsustainable. Double the earnings, else halve the prices. And the likely catalyst thereto? Rising debt yields (and taxes too!), albeit they've materially yet to really appear; but demand for dough ultimately makes 'em
go. Indeed, BlackRock (NYSE:BLK) sensing a Team Blue victory just downgraded their view on U.S. Treasuries: lower prices = higher yields should fiscal policy run further afield.
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Latest News
Amazon India Opens New Store Dealing in Gold, Silver Coins, Smartphones
Ahead of Dhanteras, Amazon.in announced its ‘Dhanteras Store’ which offers products ranging from gold and silver coins, festive jewelry, electronics, puja items, home décor, large appliances, smartphones, accessories, Amazon Devices and more. Amazon claims to provide offers from brands Joyalukkas, Malabar Gold & Diamonds, Samsung, Lenovo, Dell, Biba, Maybelline, Calvin Klein and more. The e-commerce giant is offering a 10% instant bank discount on Citibank, ICICI Bank, Kotak Bank and RuPay Credit & Debit Cards and EMI transactions. Additionally, cashback of ₹1,500 is being offered on a single transaction worth ₹30,000 & above as Amazon Pay Balance.

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Latest News
Gold Seller Hacked to Steal Credit Card Numbers
Precious metal online retailer JM Bullion has disclosed a data breach after their site was hacked to include malicious scripts that stole customers' credit card information. JM Bullion is an online retailer of gold, silver, copper, platinum, and palladium products, including coins and bullion. According to a 'Notice of Data Security Incident' sent to customers, JM Bullion's web site was hacked in the middle of February 2020, when a malicious script was added to the site.
SEE THE MALICIOUS SCRIPT HERE
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Economy
Are You Ready to Embrace the New World Monetary Order Coming Soon?
The global coronavirus pandemic has accelerated several troubling trends already in force. Among them are exponential debt growth, rising dependency on government, and scaled-up central bank interventions into markets and the economy. Central bankers now appear poised to embark on their biggest power play ever. Federal Reserve Chairman Jerome Powell, in coordination with the European Central Bank and International Monetary Fund (IMF), is preparing to roll out central bank digital currencies. The globalist IMF recently called for a new “Bretton Woods Moment” to address the loss of trillions of dollars in global economic output due to the coronavirus. READ MORE ([link removed])
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Gold Silver Central

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