Summary
– Events Friday were important for precious metals and gold miners.
– Ongoing relative uncertainty should serve precious metals and gold miners.
– Upside potential is significant if the situation escalates and influences election polls and/or the result.
The levered bets on gold and silver prices that gold miner shares represent stand to benefit from any escalation of concern about the presidential election. Revelations last Friday afternoon sent stocks lower, volatility higher, the U.S. dollar lower and gold higher. With much still to digest and work out….
…related: Midas Touch Model
