RE:Can anyone explainAsk a dozen people and you will get a dozen answers. No one knows. Anyone who says they know, is full of it.
Here is my guess. Nothing is really doing well. Markets hate unknowns. Everybody is nervous, trying to generate some cash and waiting for the election to play out. For some reason, the markets (ie. big money) seem to think Hilarity will be a better choice. I am not so sure. I am very worried about the choices given. Both candidates are awful. One sociopath is corrupt and a proven liar who will get everyone in to a shooting war, the other sociopath may be a narrow minded nutcase who will get us into a trade war. It is crazy to think, but maybe the election could get called off. I just read that the FBI is going to reopen the investigation on Clinton's emails. Maybe that is why gold is spiking higher today....the world is nuts.
FWIW, long term I am not worried at all about gold. I have been buying the last few weeks.
https://www.321gold.com/editorials/hamilton/hamilton102816.html
https://www.321gold.com/editorials/thomson_s/thomson_s_102516.html