This was easy to see for some, despite the fact that once again the Mainstream Media and the Polling industry were calling for a crushing, undisputable victory for Joe Biden.
In which they stated he would run away with the night, easily leaving Republicans in the dust.
This clearly was not the case and was easy to predict, as Trump supporters were being horribly underrepresented in the polls, just as they were in 2016.
The result of this will be the complete and utter collapse of the polling industry as we know it, as they have now called both the 2016 and 2020 elections horribly wrong, causing irreparable damage to themselves and the psyche of the American public.
Mistrust in the System is at All Time Highs
A contested election was what I feared the most and I believe many people are shocked that America is currently in the undesirable position that it now finds itself in, in which it is not only going to suffer negatively from for the next few months, but in all likelihood, the next four years.
The reason for this is that mistrust in the political system is at an all time high.
This has largely been caused by the allowance of mail in voting on a grand, unprecedented scale, of which as I previously stated many times over the past few months, was going to be an epic disaster.
The seeds of doubt have now been sown amongst roughly 50% of population, with so many States being so tightly contested and now "appearing" to swing favorably towards Joe Biden.
President Trump is fanning these flames of doubt, just as everyone expected him to, taking to twitter on a near hourly basis, ranting and raving about how "rigged' the election was.
Sadly, there are so many discrepancies and glaring examples of all around "funny business" that many are taking what he has to say quite seriously, both on the political left and right, as clearly many errors were made throughout the course of election night.
In all likelihood, Joe Biden is going to ultimately be declared the next President of the United States, however, not after many more months of fighting and legal actions from President Trump and his closest allies.
Throughout these next few months, the mistrust in the political system is only going to grow and only going to get worse in the minds of his most fervent, fierce supporters, as more and more examples of election meddling, fraud and mistakes are brought to light, regardless of whether or not they are enough to actually change the results of who is ultimately deemed the victor.
The Markets Are in For a Wild Ride
This extreme volatility initially caused both gold and silver bullion to spike higher in price, only then to fall lower as it became more clear that Joe Biden was likely to be deemed the victor, reducing uncertainty in the short term.
However, this is only in the short term, as it is looking more and more likely that months of unrest lay ahead, with the next step of this Presidential battle more than likely heading to the Supreme Court.
(Chart source, goldprice.org)
If the results in which the MSM have declared Joe Biden the victor are overturned officially by the Supreme Court and Donald Trump is reelected via this avenue, then you are going to be looking at one of the most hostile and violent times in American history, with the radical left coming out in droves, burning, looting and causing destruction the likes of which have rarely been seen in mankind's history.
If the results are maintained, and the status quo declared by MSM is kept intact, then the political right will grumble, complain loudly and protest, but all around destruction and anarchy will be avoided.
To many, they are hoping for the latter result, regardless of how much "funny business" actually took place in the election, to others, they know that the long term longevity of the American political system is much more important than that, and would like the truth, no matter the cost or damage that it may cause in the short term.
Regardless, you can expect much more volatility and gyrations within both the precious metals markets and general stock markets as a whole in the coming days and months.
In Conclusion
Dark days lay ahead for America, as trust in the political process has been utterly shattered, with little to no faith remaining in the honesty of the system.
This is a dangerous path to be traveling down, as it is at this point that people begin to act irrationally and act out in erratic ways, believing that it is the only avenue they have left.
Regardless of who is ultimately deemed the President of the United States come 2021, the President is going to have an asterisk placed at the end of their name in the eyes of approximately 50% of the population.
Unrest, uncertainty and mistrust will be the trend for 2021 and possibly many more years.
Where this all ends is anyone's best guess.
Until then, stay safe and keep stacking.
- Source, Nathan McDonald via the Sprott Money Blog