The “ELECTION LOCKDOWN” continues, with European and U.S. markets rising on expanding rhetoric of further stimulative measures; both fiscally and monetarily (BOTH of which boil down to PRINTING MORE MONEY).
For the time being, the Cartel has pushed Rupee Gold and Euro Gold back under their ALL-TIME HIGHs, and prevented gold and silver from achieving MASSIVE “triple-top breakouts” at $1,800/oz and $36/oz, respectively.
However, time and fundamentals are on the bulls’ side, as the debt ceiling breach and fiscal cliff await the post-November 6th world, as well as GUARANTEED European and Japanese bailouts.
Andrew C. ("Ranting Andy") Hoffman, CFA
Miles Franklin Ltd.