Daniel T. Cook

What a wild couple of days this has been!

Donald Trump pulled off something incredible Tuesday night – he pretty much ran the table to become the 1st President since the late 1800’s to win non-consecutive terms.

Wall Street didn’t hide its enthusiasm.

The S&P 500 jumped 2.53% for its best post-election day in history yesterday.

At BMR, well, we got attacked by suspected Trump haters mid-day Tuesday and the site was knocked off line for about 3 hours. GoDaddy technicians did a great job getting us back in business but our comments section is still disabled (and subscribers are having login issues) – technicians continue to work on fixing this. Our apologies – we’re not the 1st Vancouver business to be targeted for its conservative views. That has been the way of the left these last 4 years, in the United States and Canada, and that’s in part why Trump won big Tuesday.

Indeed, he ran the table. Jon’s piece July 14 was incredible, prophetic:

What’s Next After Trump Survives Assassination Attempt

Thankfully an overwhelming win yesterday prevented the Dems from delaying results and trying any funny business (like they did in 2020).

Any nefarious efforts are now being directed toward the House of Representatives.

For the MAGA movement to really flex its muscle it needs a majority in both the House and Senate. Looks like it’ll play out that way, but final official numbers from the House could still be a few weeks away. Republicans have secured a solid Senate majority.

Obviously, given their blind hatred, the crooked lame-stream media was shocked to see his landslide win! They have been crying buckets of tears.

There was maybe a moment or two when things looked like they might be close but really never were. Americans of all shapes, sizes, color, gender, religion, and persuasion (Democrats included) voted Trump. Winning the popular/majority vote was a cherry on top. The lame-stream media has been totally and completely discredited. Don’t think they could dig themselves any deeper, but they’ll try.

Their ratings might actually improve if they had a collective intervention to talk about how they couldn’t see what the majority of Americans were/are seeing.

TDS (Trump Derangement Syndrome) is real, though, and tough to shake.

Case in point – first thing yesterday morning, New York Attorney General Letitia James took to the stage campaigning against President Trump and Republicans. She promised she’d get him and she’s a “guardian of the law” who’s ready to fight back (sounded threatening). Many believe James should be disbarred and fired given her clear bias. The hatred in her heart was on full display – it was a disgusting, shameful performance from a public official who swore an oath to uphold the law.

Letitia probably doesn’t realize people like her are 1 of the reasons we voted Trump!

Re: The Numbers

I was shocked to see totals were lower! But makes you wonder again about those massive numbers in 2020.

I was not the only one as this was a hot topic on social media yesterday.

That 2020 result for Democrats (Biden) is such an outlier.

Many saying the staggering anomaly from norms is “proof” the last election was rigged.

An argument to explain that away says the huge increase was caused by or a result of mail-in ballots.

But if so, why was the huge decrease this election so 1-sided?

The celebration is over and the hard work for the Trump transition has already started.

It’ll be super interesting to see how Trump manages things and his adversaries this time around. He’s obviously learned a lot and experienced a lot since his 1st term. This time he’s got a “dream team” behind him, including JFK Jr., Elon Musk, and J.D. Vance (maybe Ron Paul too, and many more).

Things won’t be all sunshine and rainbows under Trump the next 4 years. Hell, last time we had the China Virus dropped on us. Stock and housing markets are at all-time highs, perhaps due or past due for a correction/crash.

Don’t be surprised if that happens on Trump’s watch, but he’ll fix it.

Of course, there’s always a bull market somewhere and we will keep you posted on what’s working and why.

Should be a great finish into year-end and Inauguration Day.

About the writer: Daniel T. Cook, who joined BMR in June 2016, hails from Texas and now resides in Florida after recently moving from Utah. Daniel has a strong passion for the junior resource sector and has followed the Venture and broader markets with great interest since he bought his first stock more than 20 years ago at the age of 12. He became a licensed investment professional who was a Bright Future’s Scholar at the University of Central Florida, graduating in 2010 with a major in Finance.

10:45 pm Pacific 

TRUMP DEFEATS HARRIS, REGAINS THE WHITE HOUSE 

AMERICANS REJECT WOKENESS AND WEAKNESS

Donald Trump completed the greatest political comeback (resurrection) in American history tonight, securing a substantial Electoral College victory over Vice-President and Democrat challenger Kamala Harris that may also come with at least 50% of the national popular vote – a decisive outcome few were predicting, though we called it here at BMR.

It isn’t just a triumph against the Biden-Harris administration and its failed policies since 2021 – it’s a victory against the biased and corrupt mainstream media which increasingly became an extension of the Democrat Party’s propaganda machine over the past 4 years.

Trump has forged an historic new Republican voter coalition, with huge inroads among Blacks, Hispanics, union members, and young people.

He won on policy and personality, overcoming multiple indictments, 2 assassination attempts (God spared his life for a reason), media hatred, and the country’s “elites” to become the 1st President to win non-consecutive terms since Grover Cleveland in the late 1800’s.

Republicans have also flipped the Senate and will have a solid majority there. The House of Representatives, where Republicans have held a slim majority, is still too close to call but odds favor the GOP retaining its majority (making it a Trifecta for Trump).

Investors are excited.

Markets are embracing the stunning Trump victory with Dow futures up 800 points. Bitcoin has surged more than 7% to a new all-time high above $74,000, while Gold has slipped about $20 an ounce.

Canada is also a big winner tonight. American trends often move north, meaning the noose is getting even tighter around the neck of Justin Trudeau.

America’s Historic Day

What’s Next After Trump Survives Assassination Attempt

11:45 am Pacific

(Exclusive to BMR subscribers – Not for Distribution or Posting on any Board).

Decision Time For TSX Gold Index 

What a week this is shaping up to be with an historic U.S. Presidential election Tuesday followed by a Fed meeting Wednesday-Thursday.

In recent weeks we’ve been encouraging subscribers to take profits on the winning Gold producer trade we got behind in late 2022. The TSX Gold Index nearly doubled from then to last month’s multi-year high of 417 (Oct. 22).

After a correction that started in 2023 and concluded at the end of February this year when the Index landed at 240, Gold producers climbed steadily over the next 8 months from March into October with a gain of 74%.

After a consistent uptrend over 8 months to new multi-year highs, the Gold producer trade has gotten “long in the tooth” and faces a high risk of a sharp pullback, unless of course Kamala Harris somehow manages to defeat Trump (not what we expect) and then takes America into the gutter and a 3rd World War.

Harris would be hugely bullish for Gold and Gold stocks. Long-term, no matter who wins Tuesday, exposure to Gold and Gold stocks will remain a key component of a smart portfolio, but the immediate to near-term outlook is negative in our view under a Trump/Republican scenario (not unlike the situation in 2016).

The 7-month rally in 2016 ended as soon as the Gold Index couldn’t hold support at its EMA-50. That’s where the Index landed Friday.

Lots of money has been made in these producers this year – hence a great time to “CASH UP” and deploy those dollars somewhere else with opportunities that have more attractive immediate/near-term upside potential.

Bracing For A Breakdown In Bullion

We’re nervous about Gold because the metal has hit John’s target on his highly reliable 5-year weekly Gold in Canadian Dollars chart.

That chart from John has been our Bible for Bullion going back more than a decade, with so many correct calls over the years.

We need to be disciplined and go with what it’s telling us.

Measured Fib. Resistance (161.8%) on the 5-Year Weekly

is $3,956 (CDN)

That’s a target we’ve been eyeing for a few years now.

Last week, Gold touched $3,900 (CDN) and is currently trading at $3,813. One cannot rule out a sudden run that briefly overshoots the $3,956 target, but if you’re within 5% of a high it’s smart to get out while you can.

We’re sticking to our guns on the view that a significant correction in Gold is likely to occur very soon. This is a good time to be looking at other opportunities in the market. Once a correction runs its course, it’ll be time to pile back in. The risk-reward right now just isn’t favorable.

We recognize this is not the mainstream view (lots of bullishness out there) but you don’t make the big money by following the crowd.

Gold Short-Term Chart

There hasn’t been a test of Gold’s EMA-50 since July while the metal continues to trade well above its EMA-200, currently $2,416.

In this step-by-step rally since July, Gold has managed to hold support at every major breakout level. It held support at $2,400 in August, at $2,500 in September, and at $2,600 in October.

It’s highly unusual for a market not to occasionally test a rising 200-day EMA as part of a primary uptrend. That’s what could happen to Gold, which would only be a 12% correction from current levels.