Election Precious Metals

The Gold to Crude Oil Ratio is Getting Jiggy and looks to head much higher:  Greg Harmon.

“Gold is likely to move sharply upwards should Barack Obama be given a second term in office, analysts say…a Romney win would result in a knee-jerk negative reaction in gold prices.”  (MinewebISA thinks hogwash.

Meanwhile in the real world, government pensions are woefully underfunded, even assuming 8% returns in our zero interest rate world.  Economic Policy Journal

“China is quietly becoming a gold superpower.”  Ritholtz

A Tipping Point for Gold Companies by Frank HolmesPutting Gold and Gold Stocks in Proper Context at Daily Gold.

Silver Wheaton has underperformed yesterday and today on the heels of third quarter results.  SLW produced more gold than they sold in the quarter; the increase in inventory caught analysts by surprise.  ISA believes it irrelevant as SLW may well lead the sector breakout.  Forbes

The precious metals complex has ripped higher late morning today…

4 thoughts on “Election Precious Metals

  1. BO wins, AU explodes…M.R. wins (which he will) AU flat lines for twelve months, watching the pols in DC.

    BTW, we are all in on UPRO and SPY-145 calls. I have notified my undertaker, in case the Demcos have rigged the elections with a BO win..

    • We loss 15% of our position…
      Thank you BO!

      Carbon tax headed our way, c/o Demcos and Enviros…

      • The PMs, did little in term of price action…

        I was surprised by the lack of movement by Au…

        • The SPX was down 2.37% and the gold stock etf was up 1.45%. That’s a lot of alpha…

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