I cannot predict how the gold market will react to our election as no election has ever been more pivotal than this since the Rebellion of the Southern States. I fear that no matter who wins the election by a count of the vote, the aftermath will most likely be quite disturbing and chaotic.
Operating upon the sole consideration that the market abhors uncertainty, which should be in fashion this holiday season, one wonders how far the tremors travel. The sky-high stock market would seem to be due for a healthy contraction/correction and mining shares always get thrown out early in the debacle because funds will sell stock they have a gain to record instead of putting losses on the books. Which will prevail in value/price? The rush to the USD or gold is always possible when financial shocks travel overseas, and which one gets the greater increase will show a temporary gain against the other.
I would recommend that mining share investors give the 2007-2008 HUI chart a good look to understand how good gold stocks lose more than 35% in a market downturn, while POG over the same period was up 5%.
BTW – I have it on the very best authority that bobofet is not reporting the nasty posts on this board.