This Is What Gold Does In A Political Crisis, “Trump Might Actually Win” Edition
By: John Rubino
GoldSeek.com
Wednesday, 2 November 2016
A week ago it looked like the US government was destined to end up firmly – maybe even more firmly — in the hands of the banks, public sector unions and defense contractors. Trump was imploding and the markets were basking in the prospect of never-ending liquidity from a re-energized Fed. And safe-haven assets like gold were being dumped in favor of growth stocks and the like.
Then Anthony Weiner reached out from the grave to throw the result back into doubt. Polls have tightened, especially in crucial swing states, and it’s now at least conceivable that an outsider will gain control of bank regulation and nuclear codes, with all the uncertainty that that implies.
Today’s markets, addicted as they are to government coddling, don’t like this idea one bit, and capital is suddenly running scared. Where’s it going? Where it always goes in times of uncertainty, straight into precious metals:
The Rest…HERE
