No clear winner could be bad for markets generally. The market...

No clear winner could be bad for markets generally. The market would probably prefer to have the certainty of a winner, even if it’s someone like Biden who wants to jack up taxes and maybe break up big tech and stop fracking.

But for us, here in Oz, and investing in mining resource stocks, Biden could help us out.

Oil....possible ban on fracking, or create so much uncertainty, nobody will run the risk of deploying capital into new fracking ventures.

Nickel...a move to EVs could be encouraged / incentivised by Biden. And if oil moves up through a ban on fracking (and recent global underinvestment in new production), EVs should become more competitive against ICE vehicles (happening in any case, but a jump in the POO would accelerate this).

Gold...Biden would likely to provide more stimulus, and more government assistance generally. Probably means more money printing / borrowing which debases fiat currencies, and likely leads to higher inflation. A good setting for gold.