big discount, employment rate better means obama may win imply QE3 will continue
My opinion, Buy today one time opportunity to win. Mark my post by Nov 9, 2012. Today the employment rate is better which may imply Obama has a higher chance to win. If Obama won, Bernake would most likely to honour his term and continue the QE3 policy and eventually will drive up the gold price because of a softer $US dollar. I am surprised of today discount. If you buy today at onetime opportunity discount and should Obama win because of that better than expected employment rate report, then gold will surge higher because QE3 will be continued. QE3 must be terminated should Romney won... Bottom line, good job employment report will increase Obama chance to win
In addition to my article above, I just would like to talk about today lower gold price reaction. People are short-sighted. People think the good US employment rate report will strengthen the dollar thus the gold price go lower this morning. However, this is extermely short-sighted. Think about it, the gold price will only go higher should Obama won and Bernake hold his seat and they will most likely to continue their existing monetary policies in next few week and this good US employment rate report does increase the chance that Obama would win. Second of all, we are heading to holiday gift season and there would be high demand of gold in India. Today drop is a onetime opportunity to buy gold.