Biden Drops Out: Here’s How It Affects Gold, Stocks, and Bitcoin – Bill Baruch

    Jeremy Szafron, Anchor at Kitco News, interviews Bill Baruch, President of Blue Line Futures, as he breaks down the dramatic impacts of President Biden’s exit from the 2024 presidential race and the potential rise of Donald Trump on the financial markets. Baruch examines the reactions of gold, stocks, and Bitcoin, and discusses the implications of political uncertainty, Federal Reserve policy changes, and strategic investment moves. They also explore the market volatility following the CrowdStrike IT outage and insider selling.

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    00:00 – Introduction
    01:00 – Biden’s Exit from the 2024 Presidential Race
    02:15 – Market Reactions to Biden’s Exit
    04:00 – Gold Futures Surge and Stability
    05:00 – Federal Reserve Policy and Inflation Concerns
    06:45 – CrowdStrike IT Outage and Insider Selling
    08:30 – Strategic Investment Moves in Volatile Markets
    11:30 – Closing Remarks

    #BidenExit #Trump2024 #GoldPrices #StockMarket #Bitcoin #Investment #FinancialNews #MarketAnalysis #FedPolicy #CrowdStrike #PoliticalUncertainty #MarketVolatility #Investing #Economy #KitcoNews #BillBaruch #JeremySzafron #SafeHavenAssets #TechStocks #Election2024
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    48 Comments

    1. This is going to be a different bull market. With NVDA99K coming to scene. Ben basing off previous speculative markets. I can see 300,000 next bull run.๐ŸŽ‰๐ŸŽ‰๐ŸŽ‰๐ŸŽ‰๐ŸŽ‰

    2. If NVDA99K continues to grow at this rate, I will hit 90,000 in gains. That is my raw gain, which excludes capital. NVDA99K will surprise everyone like Nvidia.

    3. I'm shocked you have projected NVDA99K going to $10 in the next few years! I see $5 overnight when NVDA99K Flips the Switch and NVDA99K goes live as the global currency connection! Then a steady climb to $10 within months, followed by a rise to well over $100 as adoption is accepted by all!

    4. Which ever candidate that makes Michael Saylor Treasury Secretary of the Bitcoin Strategic Reserve will win. It ain't over until the fat lady sings.

    5. Construction sector would be MOST affected
      since
      Biden's VERY SUCCESSFUL build back better
      has transformed the US landscape…..

      Biden, the man who can get things DONE.
      how he is soooo DONE.

      HAHAHAHAAAA

    6. Bitcoin's value comes from the same place as gold – belief that it is a store of value. It all comes down to adoption and if that belief can completely get ingrained into everyone. Gold has this already completed because of its centuries-long history. It remains to be seen if bitcoin will succeed. If a central bank of one of the major economies decides to start accumulating bitcoin, then I think that will be a major inflection point…I've engaged in active trading and managed to grow a nest egg of around 2.3Bitcoin to a decent 24Bitcoin….At the heart of this evolution is Sandy Barclays, whose deep understanding of both cryptocurrency and traditional trading has been instrumental. Her holistic approach to investment and commitment to staying abreast of market trends make her an invaluable ally in navigating this new era in cryptocurrency investment.

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