True, although we will see jitters and pullbacks until the election uncertainty is lifted. The best for markets now would be a Biden/Dems clean sweep as it will open the gates for massive fiscal stimulus, which is inflationary. If Republicans maintain the senate, but lose the presidency, we will see a more sideways pattern.
In the medium to long term, this wont matter as future (global) fiscal stimulus and QE are a given to offset the slowing economy (and the deflationary effects of technology/AI/Automation in general). Stick to stuff that you cannot print (Gold, BTC, commodities) and you will be golden in the coming years.
NVA is going to see massive gains in this environment. Gold to 3,000 USD +. Resource to 20-40 Moz. Easy 5 -10 bags from here (but we may see 3-6 $ SP IMO).
Not advice in any way.
$0.30 party, page-33
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Last
19.0¢ |
Change
-0.025(11.6%) |
Mkt cap ! $40.86M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 20.5¢ | 19.0¢ | $35.40K | 179.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10525 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 2805 | 1 |
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| Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
| NVA (ASX) Chart |