Author

admin

Browsing

Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; FRANKFURT:1XQ; ‘ BRW ‘ or the ‘ Company ‘) is excited to announce that, following the recent discovery of spodumene near Nuuk, Greenland, it has applied for additional licenses in the Nuuk area. The Company has also increased its holdings in new regions of Western Greenland subsequent to further compilation work including the Disko Bay and Uummannaq areas.

Mr. Killian Charles, President and CEO of BRW, commented: ‘With the lithium potential of Greenland newly confirmed, we have rapidly consolidated all high priority targets in western Greenland. BRW now controls one of the most significant grassroot exploration portfolios in Greenland and is the only company actively exploring for lithium in the country. Our new holdings all benefit from proximity to communities and tidal water to ensure that logistical and infrastructure needs are in place for potential future development. Between our new Ivisaartoq discovery and our expanded portfolio, we look forward to launching a major lithium exploration initiative in 2025 across Greenland as soon as possible. We are very keen to work with the Greenlandic communities, government and European Commission as we launch this exciting endeavor.’

Figure 1: BRW Lithium Portfolio

BRW Lithium Portfolio

‘With several discoveries across its expanding portfolio, BRW will continue to leverage its lithium expertise to generate and advance targets to the benefit of its shareholders. With continuous drilling success at Mirage, the potential for new discoveries at Anatacau West and the start of a significant exploration campaign in Greenland, BRW is well positioned to deliver exciting results throughout 2025.’

All new license areas have been applied for and are pending final government approval. They were staked based on favorable geological environments and satellite imagery. Greenland has exceptional outcrop exposure and BRW’s 2024 discovery showcases significant lithium potential for the country. In total, BRW acquired 92,547 hectares of new license area that contains hundreds of mapped and interpreted pegmatites of which 90 are between 500 and 2,000 meters in length. None of the new areas staked by BRW have been previously explored for lithium.

Brunswick Exploration would like to thank Xploration Services Greenland A/S for their assistance in the applications as well as other project aspects during the 2024 season.

Nuuk Expansion

The Nuuk holdings host the new Ivisaartoq discovery within the Ivisaartoq belt (see press release October 30 th ). The Company has applied to stake the adjacent Ujarassuit amphibolite belt that is up to 1 kilometer in width and roughly 40 kilometers in strike length. In addition, the company has staked additional amphibolite belts within the Fiskefjord Complex, 95 kilometers north of Nuuk, and 75 kilometers southeast of the community of Maniitsoq. These belts are up to 4.5 kilometers in width and 20 kilometers in strike length. In total, the new claims contain hundreds of mapped and interpreted pegmatite outcrops including 6 that are between 500 and 2,000 meters in strike length for a total license expansion area of 33,138 hectares. (See Figure 2).

Figure 2: Newly Expanded Nuuk License

Newly Expanded Nuuk License

Disko Bay

The Disko Bay licenses are located roughly 30-80 kilometers from the coastal city of Ilulissat, which is the 3 rd largest city in Greenland. The licenses are near multiple seaports and container terminals, including Ilulissat, which has a population of over 4,500 people. The area is situated within the Aasiaat domain, part of the Paleoproterozoic Nagssugtoqidian Orogen, sandwiched to the south by the Archean North Atlantic Craton and to the North by the Archean Rae Craton. The Orogen extends west into the Trans-Hudson orogeny of Canada that continues to the lithium deposits near Snow Lake Manitoba and the Black Hills of South Dakota.

Multiple amphibolite and metasedimentary belts were acquired with some belts being over 20 kilometers in strike length. The new claims have hundreds of mapped and interpreted pegmatite targets including 54 that are between 500 and 2,000 meters in strike length for a total license area of 49,639 hectares.

Figure 3: Disko Bay License Overview

Disko Bay License Overview

Uummannaq

The licenses are located roughly 70 kilometers from the coastal city of Uummannaq, which is roughly 80 kilometers north of Ilulissat. Uummannaq has a population of roughly 1,660, an airport and a ferry terminal as well as a nearby container terminal. The area is located within the Archean Rae Craton that is intermixed with the Paleoproterozoic Rinkian fold-thrust belt, both of which are in contact with the Paleoproterozoic Nagssugtoqidian Orogen to the south.

The new license contains multiple amphibolite and metasedimentary belts with dozens of mapped and interpreted pegmatites of which 30 are between 500 and 2,000 meters in strike length with a total license area of 9,770 hectares.

Figure 4: Uummannaq License Overview

Uummannaq License Overview

Qualified Person

The scientific and technical information related to this press release has been reviewed and approved by Mr. Charles Kodors, Manager Atlantic Canada. He is a Profession Geologist registered in New Brunswick, Nova Scotia, Newfoundland, Quebec, Ontario, Manitoba and Saskatchewan.

About Brunswick Exploration

Brunswick Exploration is a Montreal-based mineral exploration company listed on the TSX-V under symbol BRW. The Company is focused on grassroots exploration for lithium, a critical metal necessary to global decarbonization and energy transition. The company is rapidly advancing its extensive portfolio of lithium projects in Canada and Greenland including the Mirage and the Anatacau Projects and the new Ivisaartoq lithium discovery.

Investor Relations/information

Mr. Killian Charles, President and CEO ( info@BRWexplo.com )

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

Cautionary Statement on Forward-Looking Information

This news release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; the other risks involved in the mineral exploration and development industry; and those risks set out in the Corporation’s public documents filed on SEDAR at www.sedar.com. Although the Corporation believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Corporation disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/4416451e-d141-4b9a-a357-0c84a1940ffb  
  https://www.globenewswire.com/NewsRoom/AttachmentNg/64c6a8d2-856b-4d63-bc82-24cd9a0ff5ce  
  https://www.globenewswire.com/NewsRoom/AttachmentNg/de7da69f-1c4e-4423-ae7f-6bfe45e9d2d6  
  https://www.globenewswire.com/NewsRoom/AttachmentNg/8fcce868-94a7-4817-a257-e9bc392cdfac

Primary Logo

News Provided by GlobeNewswire via QuoteMedia

This post appeared first on investingnews.com

 Donald Trump’s second victory is even more remarkable than his first. The first was unexpected. He captured magic in a bottle. But magic comes once in a lifetime. The second time, he had to fight for it, sometimes fight what seemed like the whole world, especially the media. Fight and win. Love him or hate him, Trump is America’s real-life ‘Rocky.’ 

Mention Rocky and you can hear the original theme song playing in your head. You can picture him running up the steps to the Philadelphia Museum of Art, throwing his fists in the air like a champion.

That’s how legends are made.

Every culture creates its myths. We write books, plays and movies about our heroes. That’s what Sylvester Stallone did. He crafted a perfect Hollywood myth – an everyman who overcomes all odds to become a champ, to become larger than life. There is no one alive today larger than life more than Trump.

When ‘Rocky’ was released on Dec. 3, 1976, it became the perfect American story. An ordinary boxer who got a title shot from a champ who planned to mop the floor with him. Trump was a mere 30 then, building his own legend. 

The Rocky saga – nine movies so far – is similar to the political life of The Donald. Rocky lost his first big fight. Then he won the championship. He got beaten again against a bigger, tougher Clubber Lang, played by Mr. T, in ‘Rocky III.’ Then Rocky had to take back what had been his. Along the way, he learned how to be a husband, a father and, yes, even a diplomat. 

Trump’s career arc has been much the same. He came from money, there’s no denying that. But he built The Donald himself. A Nov. 1, 1976, New York Times piece about the future president admitted as much: ‘Donald Trump, Real Estate Promoter, Builds Image as He Buys Buildings.’ He’s had his share of mistakes and failures, heroes always do.

Just weeks before ‘Rocky’ hit the theater, the Times was describing a young Trump in ways he couldn’t buy today with all his cash: ‘He is tall, lean and blond, with dazzling white teeth, and he looks ever so much like Robert Redford. He rides around town in a chauffeured silver Cadillac with his initials, DJT, on the plates.’

That was the beginning of the Trump we know. He grew larger with media appearances and self-promotion. The press loved him because he symbolized the business community and was a great interview. He turned that celebrity into books, TV and movie spots, including a humorous cameo in ‘Home Alone 2: Lost in New York.’ 

UFC President Dana White takes down Trump

NBC’s ‘Apprentice’ made Trump a household name as he laughingly fired people. The network gave him the red-carpet welcome in 2005 on ‘Today.’ They introduced him to the sounds of ‘The Imperial March,’ from ‘Star Wars.’ Weatherman Al Roker called Trump, ‘the intergalactic king of the universe.’ Trump parlayed that fame into a political career.

He launched it, no one else. Even when he ran for president the first time, he was his own best spokesman. If you had a radio or TV show somewhere in America, Trump would go on. I used to do a fair number of talk radio appearances. I lost track of how many times he would be on right before or right after me. No politician does that.

Trump did. That drive got him into the White House. That was the rise of Trump. 

Enough has been written about his fall to fill the Library of Congress. Not one, but two impeachments. An endless stream of prosecutions, friends and allies turning on him, countless media hit pieces, books and even a movie, all designed to knock Trump out of politics and either shove him onto the sidelines or into a prison cell.

Jonathan Capehart ‘mystified’ over increased Trump support: ‘Who are we as a country?

Only one problem. He wouldn’t go. He wouldn’t quit. He kept on fighting. Kept on because, like Rocky, he doesn’t give up. That’s Trump’s real superpower. Not his charisma or storytelling. It’s that you can hit him with the kitchen sink or a garbage truck and he keeps on going. He survived not one, but two, assassination attempts. After getting shot, he stood up, fist aimed skyward, telling his supporters to ‘Fight, fight, fight!’

That photograph of a bloody, defiant Trump should win the Pulitzer Prize. There he is, surrounded by Secret Service agents, with his arm thrust in the air. It’s an unforgettable image, but It probably won’t win because it captured the essence of the man more than the media ever wanted. Even wounded and targeted by an assassin, Trump’s instinct was the American one. To fight.

Democrats have some real soul-searching to do, says Kaylee McGhee White

That was the voice of our anger, the voice of our pain and the voice of our loss. The shooter wounded two and murdered former fire chief Corey Comperatore, Americans who were there just to hear the former president speak. But the assassin couldn’t stop Trump.

Now, Trump has another chance to rewrite the history books. No American has ever fallen from grace this far to come back on top like he has. That victory gives him a chance to do great things, perhaps even unite a fractured nation.

At the end of his brutal fight against the Russian Ivan Drago, right in the heart of the old USSR, Rocky won over the opposing crowd, and beat the powerful Russian boxer. Rocky took the microphone to win over, not just the crowd, but the world. There he was, bloody, battered and wrapped in an American flag: ‘I’ve seen a lot of people hatin’ me and I didn’t know what to feel about that, so I guess I didn’t like you much then either,’ he says. ‘During this fight, I seen a lot of changing. The way yous felt about me and the way I felt about you.… If I can change and you can change, everybody can change.’

Perhaps, after three knockdown elections, Americans, too, can change and stop fighting one another. That’s my prayer for Trump’s second term.


This post appeared first on FOX NEWS

There is a minimum skills set that is required of the Commander-in-Chief and it involves making decisions of life and death in real and often hurried time, decisions about protecting America and its troops. 

Long before the Afghanistan debacle many doubted President Biden’s ability to correctly make those decisions, including former Secretary of Defense Gates. Vice President Harris never gave a single interview in which she even attempted to demonstrate the skills set required which begins with thinking and talking on your feet even if only to filibuster effectively or provide cover for ongoing sidebar or secret negotiations. 

The second skills set are the varied abilities required to assemble a team of 3,000 or more people to join you in the administration. Not surprisingly President Donald Trump’s first time as a ‘president-elect’ had its share of ‘swings-and-misses’ on personnel because he’d never been a politician, had no large, lifelong cadre of political and government professionals on which to draw for guidance and support.

As a private sector, private company developer, the former and future president knew land development and television, and the promotional talents to succeed at both. His early success in Manhattan development branched out to his casinos and luxury golf course properties and far from New York City, but that successful set of developments included a standard number of projects that didn’t work out and went bust. Developers—I represented many large developers, both public and private, when I practiced law from 1989 to 2016—are all alike in some crucial ways, and none of them escaped recessions and the vagaries of the business. They are not at all risk averse and they are very much learning machines but not of the bookish sort. ‘Cut and fill’ to ‘balance’ a development site and ‘units per acre’ are among the many terms of art in the business of residential planned community land and leisure development, but not many people make the jump from that to elected politics. The skills cross-over is limited. 

‘RELIEF’: Swing state voters fired up after voting Trump back into White House

So Trump spent quite a lot of time learning the traps and water hazards of D.C. in his first term. Trump knows he can rely on many people who were with him in the first term: Secretary of State Mike Pompeo, Ambassador Robert O’Brien, Ambassador Richard Grenell, Director of National Intelligence John Ratcliffe, and many more. His old diplomatic corps includes ambassadors he may well ask to return like Ambassador David Friedman who did so much for the U.S.-Israel partnership or Ambassador George Glass who was Trump’s first ambassador to a European country (Portugal.) Trump knows now on whom he can rely tomorrow. 

The Trump transition team(s) are both formal and informal, and the president-elect’s choices in the personnel arena many and varied. He will be much better at this process than he was the first time simply because it is the second time. If there is any important skill that isn’t improved by practice, I’m unaware of it. 

Despite the incendiary rhetoric of cataclysm that came from over-wrought voices on both left and right as the election drew close, all will be well and the United States will soon be back on the world stage, led by a confident president and an experienced team. We will be fine. 

What I hope most for is that President Trump finds a Cap Weinberger to run the Pentagon and leaves him or her to it, allows that person to staff the building and that those political appointees commit to serve for four years. We need talent and continuity at our most important department of government.

Wish as well for a wordsmith who can persuade the returning president to borrow from Lincoln’s First Inaugural for Trump’s second, especially these lines from its closing: ‘We are not enemies, but friends. We must not be enemies. Though passion may have strained it must not break our bonds of affection. The mystic chords of memory, stretching from every battlefield and patriot grave to every living heart and hearthstone all over this broad land, will yet swell the chorus of the Union, when again touched, as surely they will be, by the better angels of our nature.’

Hugh Hewitt is host of ‘The Hugh Hewitt Show,’ heard weekday mornings 6am to 9am ET on the Salem Radio Network, and simulcast on Salem News Channel. Hugh wakes up America on over 400 affiliates nationwide, and on all the streaming platforms where SNC can be seen. He is a frequent guest on the Fox News Channel’s news roundtable hosted by Bret Baier weekdays at 6pm ET. A son of Ohio and a graduate of Harvard College and the University of Michigan Law School, Hewitt has been a Professor of Law at Chapman University’s Fowler School of Law since 1996 where he teaches Constitutional Law. Hewitt launched his eponymous radio show from Los Angeles in 1990.  Hewitt has frequently appeared on every major national news television network, hosted television shows for PBS and MSNBC, written for every major American paper, has authored a dozen books and moderated a score of Republican candidate debates, most recently the November 2023 Republican presidential debate in Miami and four Republican presidential debates in the 2015-16 cycle. Hewitt focuses his radio show and his column on the Constitution, national security, American politics and the Cleveland Browns and Guardians. Hewitt has interviewed tens of thousands of guests from Democrats Hillary Clinton and John Kerry to Republican Presidents George W. Bush and Donald Trump over his 40 years in broadcast, and this column previews the lead story that will drive his radio/ TV show today.


This post appeared first on FOX NEWS

Troy Minerals Inc. (‘Troy’ or the ‘Company’) (CSE:TROY)(OTCQB:TROYF)(FSE:VJ3) is pleased to announce that following up on its aggressive plans to transition from an exploration company to a cash flow producing company by rapidly advancing its silica projects in North America and Mongolia, it has appointed, Yannis Tsitos, a professional with 35 years’ international exploration mining experience and former BHP veteran, as President of the Company

Rana Vig, who to date has served both as President and CEO, owning more than 11% of the Company, will continue to provide his leadership as Chief Executive Officer.

‘Strengthening our management team is a very important step in order to advance our vision of transitioning Troy Minerals from exploration to production. I’m very excited to have by my side a seasoned and well-respected Canadian mining veteran who, without a doubt, will provide tremendous value to both myself and the company,’ said Rana Vig, Chief Executive Officer of Troy Minerals.

‘I’m thankful and very pleased to join the team at Troy at such an important period for transformational corporate milestones and significant growth. I have already been a good-size shareholder of the Company, as I believe that the critical minerals sector is now building momentum to meet the exponentially growing global demand. Troy and its projects are strategically located close to infrastructure in both Asia and North America and our management should continue working, efficiently and effectively, towards their development in order to become part of this exciting roadmap.’ said Yannis Tsitos, the Company’s newly appointed President.

Mr. Tsitos has over 35 years of experience in the mining industry, having spent 19 of those years with the BHP Billiton group. In his time in the industry, he has worked projects in 32 countries inclusive of Mongolia, has lived and worked in South Africa, Ecuador, Greece and United Kingdom, and has been working in Canada since 2000. Originally a physicist-geophysicist, he left BHP in 2008, where he had the title of New Business Manager for Global Minerals Exploration. He has been instrumental in the identification, negotiation and execution of more than 50 exploration, joint venture, royalty, mining and commodity trading agreements over 11 different commodities with juniors, majors, as well as with state exploration and mining companies. He was the President of Goldsource Mines till its recent acquisition (July 2024) by the precious metals’ producer, Mako Mining. Mr. Tsitos sits on several companies’ boards as an Independent Director, has published articles in exploration and mining magazines on relevant topics and has been a strong advocate of anti-corruption policies in the mining industry.

Mr. Tsitos has also been part of two discovery teams with BHP Billiton in porphyry-copper and nickel-sulphide deposits. He holds a B.Sc. degree in Physics from the University of Athens and a master’s degree in Applied Geophysics and Geology from the University of Birmingham, UK. In addition, he completed management and finance studies as part of an MBA program with Herriot Watt University, Edinburgh.

MARKETING AGREEMENT

The Company also announces that it has engaged Hillside Media & Consulting Inc., (‘Hillside‘) located at 474 Main Street, Penticton, B.C. V2A 5C5 (email: hillsideconsultingmedia@gmail.com) to provide digital marketing services, including SEO (search engine optimization), PPC (pay per click), e-mail, YouTube, and social media channels, to increase corporate awareness. The media disseminated will be generated using publicly available information. The company will pay Hillside a cash fee of $20,000 plus applicable taxes for services expected to last for a period of approximately 30 days. The company will not issue any securities to Hillside as compensation for its marketing services. As of the date hereof, to the company’s knowledge, Hillside (including its directors and officers) does not own any securities of the company and has an arm’s-length relationship with the company.

ON BEHALF OF THE BOARD
Rana Vig | CEO & Director
604-218-4766
rana@ranavig.com

ABOUT Troy Minerals Inc.

Troy Minerals is a Canadian based publicly listed mining company focused on building shareholder value through acquisition, exploration, and development of strategically located ‘critical’ mineral assets. Troy is aggressively advancing its projects within the silica (silicon), vanadium and rare earths industries within regions that exhibit high and growing demand for such commodities, in both North America and Central-East Asia. The Company’s primary objective is the near-term prospect of production with a vision of becoming a cash-flowing mining company to ultimately deliver tangible monetary value to shareholders, state, and local communities.

Forward-Looking Statements

Statement Regarding Forward-Looking Information: This release includes certain statements that may be deemed ‘forward-looking statements’. All statements in this release, other than statements of historical facts, that address events or developments that Troy Resources Inc. (the ‘Company’) expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects’, ‘plans’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘projects’, ‘potential’ and similar expressions, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’ or ‘should’ occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include results of exploration activities may not show quality and quantity necessary for further exploration or future exploitation of minerals deposits, volatility of commodity prices, and continued availability of capital and financing, permitting and other approvals, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.

SOURCE:Troy Minerals Inc.

View the original press release on accesswire.com

News Provided by ACCESSWIRE via QuoteMedia

This post appeared first on investingnews.com

President-elect Donald Trump succeeded early in the morning on Wednesday, and defeated Vice President Kamala Harris in the 2024 presidential race for the White House.

Trump will take office for a second time in January.

The only other presidential candidate in history to win the presidency non-consecutively was Grover Cleveland, who was elected as the 22nd and 24th U.S. president.

Cleveland, born into a large family as one of nine children in New Jersey, according to WhiteHouse.gov., was raised in New York.

The former president studied law and became a lawyer before taking public office as mayor of Buffalo in 1881, according to WhiteHouse.gov.

Cleveland became the Democrat U.S. presidential candidate in 1884, while he was serving as the governor of New York. He was the first Democrat elected president after the Civil War, defeating his Republican opponent, Sen. James G. Blaine of Maine.

During his first term in office, he faced criticism for his veto of private pension bills for Civil War veterans, according to NPR.

Also during his first term, a proposed bill to provide Texas farmers with $10,000 in federal funds to be used for seed grain was brought to the floor, which he vetoed, according to the New York Post.

Cleveland called for Congress to reduce high protective tariffs from the Civil War, according to the Associated Press, and signed the Interstate Commerce Act in 1887, which established federal regulation of an industry for the first time through its regulation of railroads, according to NPR. 

During his first term in office, Frances Folsom, who was 21 at the time, became the first lady with her marriage to Cleveland. To this day, Cleveland is the only president to be married inside the White House. 

Four years after becoming president, Cleveland was up for re-election. He campaigned against Republican Benjamin Harrison but was unsuccessful in his bid to return to the White House.

Cleveland won the popular vote but lost the Electoral College to his Republican opponent.

‘He began the race without a campaign manager; delegated most of the electioneering responsibilities to his running mate, Allen Thurman, who, at the age of 74, was not healthy enough to withstand the rigors of campaigning; and based the entire race around his proposal to reduce tariffs, which divided his own Democratic Party and unified the Republicans in opposition,’ presidential historian Troy Senik told History.com. 

In 1892, there was a rematch between Cleveland and Harrison, and Cleveland came out victorious, making him the first to return to the White House for a non-consecutive term.

Cleveland was the only president to hold this distinction until Trump accomplished a similar feat.

Trump was first elected as president in 2016, when he beat his Democrat opponent, Hillary Clinton. Trump lost the popular vote but won the electoral vote to win the presidential race.

Trump’s success stems from a background in business as a real estate developer, rather than politics.

In July 2016, Trump accepted the Republican nomination for president, was elected on Nov. 8, 2016, and was inaugurated on Jan. 20, 2017. 

His first term in office included policies like tax cuts, energy independence, military expansion, improved health care for veterans and security of the southern border.

Also during his first term, Trump appointed federal judges, including three U.S. Supreme Court judges, and signed legislation to create the Space Force, the first new armed service since 1947, according to the U.S. Department of Defense’s website.

In 2020, Trump faced Democrat challenger Joe Biden for the White House and lost the election.

After years removed from the presidency, Trump began a campaign for re-election. He announced his third run for office in the days after the 2022 midterm elections and began two more years of campaigning.

Initially, Trump and Biden were campaigning against one another again. However, in July 2024, now-President Biden announced an end to his re-election bid and endorsed his vice president, Harris, as the Democrat nominee.

Trump defeated Harris in the 2024 presidential election, becoming president-elect. Trump is now the 45th and 47th U.S. president.

‘I want to thank you all very much,’ Trump said in an address to the American people during the early morning hours Wednesday, after the results of Election Day. ‘This is great. These are our friends. We have thousands of friends in this incredible movement. This is a movement like nobody’s ever seen before; I believe the greatest political movement of all time.’

‘I want to thank the American people for the extraordinary honor of being elected the 47th president,’ Trump continued. ‘And every citizen, I will fight for you, for your family and your future. Every single day, I will be fighting for you. And with every breath in my body, I will not rest until we have delivered the strong, safe and prosperous America that our children deserve and that you deserve.’


This post appeared first on FOX NEWS

Vice President Harris’ second failed presidential bid mirrors aspects of her first trek on the campaign trail in 2019, proving to be short-lived and unfocused on key issues important to American voters, experts say.

‘Both started with great promise,’ Tevi Troy, a presidential historian and former senior official in the George W. Bush administration, told Fox News Digital in an interview. 

‘There’s the sense that she’s the savior of the new flavor, the next generation for Democrats, and both kind of failed spectacularly,’ he said.

In December 2019, then-Sen. Harris suspended her bid for the presidency 11 months after entering the race, citing a lack of campaign funds and a lag in the polls. It wasn’t long before staffers exposed the disarray in her campaign.

But before she was one of the more prominent early dropouts among the field of Democrat contenders, Harris’ campaign started off with significant momentum, marked by her strong launch that drew a large crowd in Oakland, California. She was initially seen as a top-tier candidate.

However, as the campaign progressed, her campaign’s messaging became unclear and faced tough opposition from then-candidate Joe Biden as well as Elizabeth Warren, Tulsi Gabbard and Bernie Sanders.

‘Both [campaigns] ran aground on the same two things. No. 1 is her inability to communicate even the most simple idea to the American people. And it’s not because she’s not intellectually capable of doing it, it’s because she is in a box,’ Troy said of Harris.

‘She’s trapped,’ he added. ‘On the one hand, her inclinations and her voters are on the left, and on the other hand, she wants to win the general election, and to appeal to people in the general election, she has to renounce the more woke policies that she’s espoused throughout her life.’

But to do that, Troy said, would cost her excited progressive big donors.

Harris became the Democrat frontrunner after President Biden suspended his bid for re-election in July amid reports of his declining mental acuity in the wake of a poor debate performance against Republican former President Trump in June. Biden quickly endorsed Harris, who made ‘reproductive rights’ a top issue on the campaign trail, a strategy that would ultimately not win over enough swing state voters. Harris was the Democrat nominee for only about four months.

‘I don’t think voters felt like abortion rights were at risk,’ another GOP strategist told Fox News Digital. ‘They largely agreed that the voters should decide, which was President Trump’s message that it should be sent to the states for voters themselves to decide.’

‘I think our biggest strength was Kamala’s own words that she had so many far-left San Francisco liberal policy proposals that were all explained by her on camera during the 2020 campaign that we were able to deploy really effectively and target into districts where people have really negative views of those,’ the Republican expert said. 

And voters may have wanted more substance from Harris when it comes to the economy and the border. Preliminary data from the Fox News Voter Analysis, a survey of more than 110,000 voters nationwide, provides an early look at the mood of voters as they cast their ballots.

Voters say the economy is far and away the top issue facing the country, followed distantly by immigration and abortion. In a sign of inflation’s economic toll, roughly three times as many voters feel they were falling behind financially as those who feel they were getting ahead.

Harris also faced the challenge of decoupling herself from Biden but otherwise ran an ‘expertly run campaign,’ according to Philadelphia-based Democrat strategist Mustafa Rashed.

‘It was going to be hard to distance herself from the sitting president; she couldn’t use him as a surrogate because he was just not an effective surrogate,’ Rashed told Fox News Digital. ‘He’s not great on the campaign trail, and he’s not popular enough to outweigh the downsides of having him as your partner.’

Harris conceded to Trump over the phone on Wednesday morning after he clinched a majority of the electoral vote overnight. She gave her concession speech later in the day at her alma mater, Howard University.

‘The outcome of this election is not what we hoped, not what we fought, not what we voted for,’ Harris said. ‘But hear when I say … the light of America’s promise will always burn bright as long as we never give up and as long as we keep fighting.’

Fox News Digital’s Polling Unit contributed to this report.


This post appeared first on FOX NEWS

The White House is ushering in a new era with the election of a second Trump presidency with Usha Vance set to become the first Indian American second lady in the White House.

Vance, who is the daughter of Indian immigrants, will also be the first Hindu second lady.

Vice President-elect JD Vance credited his ‘beautiful wife for making it possible to do this’ after the big win.

‘THANK YOU! To my beautiful wife for making it possible to do this,’ he wrote on X. ‘To President Donald J. Trump, for giving me such an opportunity to serve our country at this level. And to the American people, for their trust. I will never stop fighting for ALL of you.’

The attorney has been married to JD since 2014 and they have three children together: sons, Ewan, 6, and Vivek, 4, and a daughter, Mirabel, 2.

Before law school, Vance received a bachelor’s degree in history from Yale and a master’s in philosophy from the University of Cambridge.

She completed multiple clerkships after her graduation from Yale, according to an Axios report, including for Supreme Court Chief Justice John Roberts and for Supreme Court Justice Brett Kavanaugh when he was serving on the U.S. Court of Appeals for the D.C. Circuit.

Vance made headlines during the Republican National Committee in July.

‘My background is very different from JD’s. I grew up in San Diego, in a middle-class community, with two loving parents, both immigrants from India, and a wonderful sister,’ she said. ‘That JD and I could meet at all, let alone fall in love and marry, is a testament to this great country.’

Fox News’ Yael Horan contributed to this report.


This post appeared first on FOX NEWS

With the 2024 US Presidential election in the rear view and Donald Trump emerging the victor, news of his upcoming presidency is already influencing global markets.

In 2020, Biden and Harris presented themselves as a team that would bring Republicans and Democrats together, challenging Trump’s divisive and populist rhetoric of making America great again. Although Trump lost that election, his popularity remained steadfast among his base, contributing to his success on November 5.

In the resource sector, investors are wondering how a Trump presidency may affect the gold price. While diverse factors drive the gold market, the US — and by extension its leader — impacts many of them, including the global geopolitical environment, interest rates and the performance of the US dollar.

During his last term in office, Donald Trump increased domestic oil production and tariffs on goods from overseas. Further increases to these have been central to his campaign this time around as well — he has promised to cut energy prices in half and increase tariffs to narrow trade deficits.

His policy has largely been focused on appeasing his base, promising sweeping immigration reform with a promise to deport 20 million people living in the US illegally. However, some suggest the plan would be wrought with logistical challenges and wreak havoc on the economy. He has also promised to take a tough-on-crime stance as president and push for expansion of the death penalty and provide the military with powers to police within US borders.

On foreign policy, Trump said he was also committed to ending the war and planned to push Ukrainian funding to European partners while attempting to bring Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskyy to the negotiating table. When it comes to the conflict in the Middle East, President-elect Trump has promised to back Israel but suggested he’d want the conflict wrapped up by the time he takes the oath of office.

With the presidency soon to be in Trump’s hands, how he navigates all of these challenges will contribute to a broad geopolitical narrative that will touch many sectors of the global economy, including the price of gold. Looking back, we can see how past policy decisions have impacted gold and what could happen once Trump returns to the Oval Office.

The gold price has climbed significantly under both administrations. It’s been holding at historic levels above the US$2,700 mark since the middle of October, reaching an all-time high of US$2,786 on October 30, more than double its price when Trump took office in 2017.

Some of the rise in gold prices is attributed to a 50-point cut to interest rates following the Federal Open Markets Committee meeting on September 17 and 18. The next FOMC meeting is scheduled for November 6 and 7.

How does gold typically perform post-election, and how has it moved during Trump and Biden’s presidencies? While the past doesn’t necessarily dictate the future, reviewing gold price trends can help investors plan their election strategy.

In this article

    What happened to the gold price after Trump’s election win?

    In the aftermath of Trump being re-elected, gold fell from all-time highs above US$2,700 losing 3 percent on November 6 to trade in the US$2,660 range. The decline is a headline for the resource sector, which also saw broad declines across both precious and base metals.

    Commodities have largely been influenced by the effect the Trump win is having on bonds and the dollar as market watchers prepare for policies that are expected to require increasing deficits and fuel a run in inflation.

    How these financial markets move will have a strong influence on investor sentiment and, by extension, the price of gold as they look for a hedge to swings in market volatility that come with a shift in leadership in the world’s largest economy.

    With the election still fresh, what can be learned from past elections, and how might the price of gold move in the days, weeks and months ahead? Moreover, how can past policies set by presidents have an even deeper influence on the safe-haven metal than just the election cycle?

    How do US elections affect the gold price?

    Looking at past US elections can provide insight on how the gold price may move in the days and weeks following November 5. However, on a broad scale, changes post-election tend to normalize fairly quickly.

    In 2016, when Trump ran against Hillary Clinton, the gold price climbed by about US$50 in the weeks leading up to the November 8 election, peaking at just above US$1,300 per ounce on November 4. Following Trump’s win gold fell substantially, moving as low as US$1,128 in mid-December. Following that low point, the gold price began to rebound, and by the middle of January 2017 was once again above the US$1,200 level.

    u200bGold price chart showing performance around Trump

    Gold price, November 1, 2016, to January 30, 2017.

    Chart via Trading Economics.

    The 2020 election was on November 3, and in the week leading up to the vote gold was trading at around US$1,900, although it fell as low as US$1,867 on October 30. After the election, the gold price performed positively, spiking from US$1,908 on the day of the vote to US$1,951 on November 6.

    However, gold fell back down over the following weeks, and dipped briefly below US$1,800 as vote recounts in Georgia and several districts and legal challenges by Trump’s team dragged on.

    u200bGold price chart showing performance around Biden

    Gold price, November 1, 2020, to January 30, 2021.

    Chart via Trading Economics.

    Gold began to climb again in December ahead of January 6, 2021, when the electoral college met to formalize Biden’s victory. That day, the attack on the US Capitol building, which aimed to stop this process, caused the gold price to plunge from US$1,949 on January 5 to US$1,848 by January 8. The events of January 6 were the start of a decline in the gold price that continued until March 8, when gold bottomed out at US$1,674.80.

    Gold’s behavior at this time went against the usual trend whereby it performs well amid crisis and turmoil; the decline may been a reaction to the successful affirmation of Biden. Stock markets also reacted opposite to expectations, seeing strong gains on January 6 and 7 as investors and Wall Street believed an economic recovery was in sight.

    How did the gold price perform when Trump was president?

    The gold price rose substantially during Trump’s presidency, increasing from US$1,209 when he assumed office on January 20, 2017, to US$1,839 on his final day, which was January 19, 2021.

    While these gains can’t be directly attributed to Trump, his actions helped shape the geopolitical landscape both in the US and abroad. During his tenure, trade wars with both allies and competitors were in focus.

    China was a key target for Trump. While tariffs on Chinese goods were already in place, his administration applied new restrictions to more items, including steel, electric vehicle batteries and consumer goods. Also under Trump’s watch, relations with India fractured and the country lost its preferential trade status with the US. He also withdrew from the Iran nuclear treaty and imposed punishments on anyone who traded with Iran.

    These and other “America First” protectionist policies and sanctions implemented by the Trump administration tarnished the image of the US as a reliable trade partner, helping to push the BRICS nations — Brazil, Russia, India, China and South Africa — away from the US dollar as a global reserve currency.

    The BRICS have since expanded to include Iran, Egypt, Ethiopia and other emerging nations, and have increasingly turned toward gold. China and India in particular have increased purchases of gold through their central banks, leading some to speculate that they are attempting to create a new currency that is at least partially backed by gold.

    One other factor that drove the gold price during Trump’s term was the outbreak of the COVID-19 pandemic and government policies put in place to support citizens and the economy. For example, the former president oversaw multiple stimulus efforts, including packages announced in March 2020 and December 2020. These actions led many to turn to gold as a safe haven out of concern for a weakening US dollar.

    A second Trump term would likely bring more of the same protectionist policies. Indeed, his 2024 campaign has similarities to his 2016 and 2020 campaigns. He has reused his “America First” rhetoric and promised a fresh round of tariffs if elected. Singling out China, Trump has said he would look to implement a 60 percent tariff on all goods imported into the US, a move that would likely increase tensions and the likelihood of a widening division between the countries.

    How has the gold price performed with Biden and Harris in office?

    Gold has also seen sizable gains during Biden’s presidency. The price of gold was US$1,871 when he took over from Trump on January 20, 2021. And while Biden’s term as president is not over until January 2025, as of October 15, the gold price was trading at about US$2,665. It reached a new record on October 30 above US$2,770.

    Again, it’s hard to say how many of the Biden administration’s policies directly influenced these gains. Geopolitical conflict and black swan events outside of his control all affected the gold market during this time.

    For example, Biden and Harris entered office one year after the start of the COVID-19 pandemic. Inflation was ballooning, which typically leads to higher gold prices. The US Federal Reserve has worked to counteract inflation and strengthen the US dollar by raising interest rates beginning in 2022, a move that tempered the gold price for a time. The anticipation of rate cuts and the 50 point cut that came in September were factors in driving gold to its record highs in recent months.

    Biden came into office on a promise of restoring the US’ place in the global community, and while his administration did close rifts among important trading partners like Canada and the EU, tensions with China remain. This rift is a holdover from the Trump administration’s more isolationist policies, but has also been representative of a more competitive global trade landscape as the BRICS nations seek to move away from the US dollar and America’s influence on world economics.

    Biden has attempted to at least partially mend the US’ relationship with China, including by meeting with President Xi Jinping in the summer of 2023. However, a key sticking point in negotiations between the two has been Biden’s continued stance that the US would support Taiwan if China were to invade it; at the same time, he has said that the US does not support Taiwan’s independence. Both of these stances are in line with the US’ longtime position on the matter, but escalating tensions between China and Taiwan have brought this to the forefront.

    Harris has a similar stance when it comes to Taiwan. In a September 2022 meeting with South Korean President Yoon Suk Yeol, she said the US was committed to opposing unilateral actions by China and would maintain the status quo in the South China Sea. The White House added that peace and stability across the Taiwan Strait was essential to a free Indo-Pacific region.

    Harris discussed trade routes in the region again when she attended the ASEAN summit in Jakarta, Indonesia, in September of 2023. She told CBS’s Margaret Brennan that it’s not about pulling out of Southeast Asia, but about de-risking the region and ensuring that American interests were protected.

    On an economic level, the Biden administration has distanced itself from China with policies such as the Inflation Reduction Act and Chips Act, which support the development of western supply chains for a variety of industries, including clean energy, electric vehicles and semiconductor chips, in part by introducing subsidies for companies that don’t rely on China for their supply chain.

    Meanwhile, China has accelerated its de-dollarization efforts, dumping roughly US$50 billion worth of US Treasuries and agency bonds during the first quarter of this year.

    Additionally, Biden’s role in implementing a strict set of sanctions against Russia following its invasion of Ukraine in February 2022 deepened a divide between the US and Russia, as well as the other BRICS nations.

    Among other sanctions, the US limited Russia’s access to SWIFT, a communications network that helps facilitate the global movement of funds. The US Department of the Treasury also implemented controls that effectively cut off Russia’s central bank and key funds and personnel from accessing the US financial system. Some analysts believe the move may work to undermine the US dollar as the global reserve currency in the long term, as it sent a signal to the rest of the world that the US is willing to effectively weaponize the US dollar.

    Investor takeaway

    Historically speaking, returns for gold under Democrat and Republican presidents have averaged 11.2 percent and 10.2 percent, respectively. But that might not be the data point investors should focus on.

    Which party controls Congress, which is comprised of the House and Senate, has had a far stronger influence on the gold price. Under Democrat-controlled Congresses, gold has averaged a 20.9 percent gain, compared to just 3.9 percent when Congress is controlled by Republicans. In cases where neither controls Congress, gold has averaged 3.5 percent.

    With that in mind, investors should consider the effects of policies enacted not only by the executive branch of the US government, but also by Congress and the Senate. Those hoping to use the immediate aftermath of the election outcome to their advantage should also proceed with caution — when it comes to gold, past elections haven’t provided great investment opportunities, with losses and gains typically being short-lived.

    Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.

    This post appeared first on investingnews.com

    Key US indexes hit new records following Donald Trump’s victory in the presidential election.

    Trump’s campaign, which focused on reviving traditional industries and reinforcing tariffs, suggests a shift in economic priorities that investors in the US and elsewhere are now trying to assess.

    Immediate reactions were seen across various asset classes on Wednesday (November 6), including American indexes and equities, the US dollar, cryptocurrencies and commodities.

    Key US indexes reach new all-time highs

    The S&P 500 (INDEXSP:.INX), Dow Jones Industrial Average (INDEXDJX:.DJI) and Nasdaq Composite (INDEXNASDAQ:.IXIC) all reached new record levels as Trump’s victory hit markets. The S&P traded as high as 5,922.53 on Wednesday, while the Dow rose to 43,707.92. For its part, the Nasdaq reached 18,962.46.

    ‘The market is definitely moving in line with the Trump playbook; stocks and small caps, in particular, are higher on the idea that Trump will be good for U.S. companies,’ Seema Shah, chief global strategist for Principal Asset Management, explained to Reuters. She added that markets outside the US are reacting as well.

    ‘Across emerging markets, you can see China and Europe are struggling with the idea that they could face higher tariffs, and U.S. bond yields higher with expectations for a higher fiscal deficit and inflation.’

    US dollar rallies, Bitcoin hits new all-time high

    On the US dollar front, Trump’s win put the greenback on track for its strongest daily gain in four years.

    Investors anticipate that a renewed focus on tariffs could increase inflation, potentially prompting the US Federal Reserve to cut interest rates by less than previously expected. The Fed’s next meeting is currently in progress, with many market watchers anticipating a 25 basis point reduction after September’s 50 basis point drop.

    Bitcoin, which some see as a hedge against traditional financial instability, hit a new all-time high, reaching US$75,397 shortly after Trump’s victory. The cryptocurrency’s surge reflects investor sentiment that a Trump administration will be more favorable to digital assets than a Kamala Harris-led country might have been.

    The boost continues the trend of cryptocurrencies being perceived as alternative assets in times of uncertainty.

    Gold, also typically seen as a safe-haven asset, experienced a decline. The yellow metal sank as low as US$2,660.84 per ounce on Wednesday after spending the better part of the last three weeks above US$2,700.

    Experts see the yellow metal facing opposing pressures: inflation risks from tariffs could increase demand for safe-haven assets like gold, while the strong dollar and stabilized economic growth might dampen that demand.

    Silver also fell on Wednesday, dropping to US$30.99 per ounce at its lowest point.

    Oil, copper and agricultural commodities react

    Other commodities saw contrasting responses to Trump’s victory at the polls.

    Both Brent and West Texas Intermediate crude futures saw small declines on Wednesday. Looking longer term, some analysts believe a Trump presidency could be positive for oil — if he renews sanctions on countries like Iran and Venezuela, these nations’ oil exports could be reduced, creating a tighter supply situation.

    Copper saw a more significant decline, with Reuters reporting that it is set to record its biggest intraday loss in five months. Market participants appear to be pricing in the possibility of reduced US support for electrification projects, which could lower demand for copper, along with other industrial metals.

    “We are seeing industrial metals taking the biggest hit, led by copper and iron ore, while grains trade lower, led by soybeans on fears that China’s countermeasures may hurt US exports of soybeans and corn,’ Ole S. Hansen, head of commodity strategy at Saxo, said in an emailed note.

    China is a leading importer of soybeans from the US, making the market heavily dependent on the Asian nation.

    Trump’s election has raised concerns that new tariffs could disrupt the US-China agricultural trade relationship, potentially prompting China to impose retaliatory tariffs on American crops.

    Wheat and corn, while less reliant on Chinese markets, also trended downward before recovering.

    Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

    This post appeared first on investingnews.com

    Popular cryptocurrency Bitcoin surged to a new record of more than US$75,000 as the US election played out.

    Outcomes in Pennsylvania and Wisconsin, two of seven key battleground states, had a key role in securing Republican nominee Donald Trump’s victory, which was announced at around 5:30 a.m. EST on Wednesday (November 6).

    Bitcoin was valued at US$73,806 when the news hit, reflecting a nearly 7 percent increase in a 24 hour period.

    The Republican Party’s success ultimately extended to all seven swing states. Moreover, the party took control of the Senate by flipping seats in Ohio, West Virginia and Montana. Control of the House has yet to be determined.

    Throughout the election process, Bitcoin’s price movements appeared to increasingly be influenced by the presidential race, making this event an intriguing case study of the links between cryptocurrencies and politics.

    Trump’s crypto push vs. Harris’ regulatory plans

    The price of Bitcoin experienced significant volatility leading up to the election.

    Over the course of his campaign, Trump actively courted the crypto community, securing endorsements from crypto super PACs and garnering support from voters invested in the industry’s future.

    Trump spoke at the Bitcoin conference in Nashville, Tennessee, in July, promising to establish a Bitcoin reserve and make the US the “crypto capital” of the world if he was elected. He has also been a vocal critic of US Securities and Exchange Commission Chair Gary Gensler, whose tenure has been marked by a contentious relationship with the crypto industry and multiple legal battles against major players like Kraken, Ripple and Tether.

    At the Nashville event, Trump pledged to replace Gensler with a new chairman if he won the presidency.

    In mid-September, Trump launched a family crypto venture called World Liberty Financial along with a native token, announcing an initial fundraising goal of US$300 million. However, due to slower-than-expected adoption, the organization reduced that target to US$30 million just five days before the election.

    Meanwhile, Democratic nominee and current Vice President Kamala Harris promised to support the crypto industry, vowing to oversee the development of a complete regulatory framework just weeks before the election.

    The initiative was part of her Opportunity Agenda, which sought to establish tools and resources for economic advancement within Black male communities; however, her campaign’s messaging on these policies lacked clarity, and the Democratic Party’s overall stance has been perceived by some as hindering innovation in the crypto space.

    As the political landscape evolves and the new administration takes shape, it is crucial to consider how Trump’sstances and potential policies may influence the future of the cryptocurrency industry.

    Matt Hougan, CEO of Bitwise Asset Management, a crypto index fund manager, thinks cryptocurrency prices will continue to trend upward in the long term regardless of the outcome of the election.

    “What happens in Tuesday’s election matters, particularly in the short term. But as I see it, over the long term Tuesday will prove to be something between a speed bump and a wind gust. Neither is going to stop this train,’ he said.

    Antonio Di Giacomo, senior market analyst at global multi-asset broker XS.com, said ahead of the vote that US elections have historically coincided with a significant growth pattern for the Bitcoin price.

    “While the cryptocurrency has historically been volatile, the post-election surges in 2016, 2020 and more recently in 2024 reflect an upward trend that has attracted investors worldwide,” he said via email.

    “However, while Bitcoin has historically seen significant price appreciation following elections, the exact cause of this relationship is unclear; it is likely due to a combination of economic, political and technological factors.”

    Bitcoin surges to new high in election-fueled rally

    Bitcoin fluctuated in value leading up to the election. After weeks of stagnancy, Trump’s perceived chances of winning increased, helping Bitcoin break above US$70,000 on October 28 for the first time since June.

    However, it pulled back shortly after due to profit taking as well as a dismal US jobs report on November 1.

    On November 2, a Des Moines Register/Mediacom survey of 808 Iowa voters showed Harris leading Trump 47 percent to 44 percent among independent likely voters, a demographic that had supported Trump in his last two races.

    As the perceived odds of Harris winning increased, so-called “Trump trades,” including Bitcoin, experienced declines. On November 4, Bitcoin fell to US$67,393, marking its sixth consecutive day of losses.

    Ahead of election day, Polymarket bets heavily favored Trump, although reports suggested that these figures might not accurately reflect voter sentiment. Data from other sources, including FiveThirtyEight, indicated a much tighter race, with Harris holding a slight lead throughout October. Similarly, the Silver Bulletin’s 80,000 election simulations predicted a near tie, with Harris winning in 50.015 percent of the scenarios and Trump winning in 49.985 percent.

    The tiny town of Dixville Notch in New Hampshire upheld its traditional role in kicking off voting day with a remarkable result: Trump and Harris received an equal number of votes, with each candidate securing three votes apiece.

    As voting continued around the country, the Bitcoin price gained roughly 2.3 percent in 24 hours, breaking US$70,000 at around 12:00 p.m. EST on November 5. Its volatility was on full display throughout the afternoon and into the night as results trickled in, largely in Trump’s favor. As Trump took an early lead, Bitcoin continued to climb, rallying over 6 percent between 7:00 p.m. and 10:20 p.m. EST to reach US$73,936, breaking its March high of US$73,000.

    In a historic moment, Bitcoin soared to an all-time high of US$75,258 at 1:25 a.m. EST on November 6 as votes were tallied in Nevada. Trump was declared the winner at around 5:36 a.m. EST after securing 10 electoral college votes in Wisconsin. Bitcoin was valued at US$73,806, an increase of nearly 7.5 percent over 24 hours.

    Comparing the cryptocurrency’s performance during the 2016 and 2020 US elections to its recent behavior reveals a stark contrast. In 2016, Bitcoin experienced a relatively modest 1.13 percent change around the election period. Conversely, in 2020, despite a relatively flat year, Bitcoin saw a difference of 10.29 percent as the votes were tallied.

    While both the 2016 and 2020 elections showcased Bitcoin’s potential for growth, the recent election cycle has emphasized its growing influence and its susceptibility to the shifting political winds.

    Investor takeaway

    The relationship between Bitcoin and the US election has been complex and multifaceted.

    The market’s response to the election outcome may be emotionally driven in the short term, but the long-term prospects for cryptocurrencies hinge on the regulatory environment fostered by the new administration.

    Neil Bergquist, CEO and co-founder of Coinme, echoed this sentiment, emphasizing that regulatory clarity and support from the incoming administration will not only boost the industry, but also attract new participants.

    ‘This would drive trading volumes and the value of crypto upward, following increased market participation. It would also attract more institutional investors to the market, which historically drives up volumes and values of crypto.’

    Ultimately, the crypto industry and retail investors alike are looking to the new president for a more embracing approach to digital assets, and also for much-needed regulatory clarity.

    Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

    This post appeared first on investingnews.com