How Will the Gold Market React to the Democrats Gaining Control of the House and/or Senate?
This has been a hot topic lately. The Republican party has historically stood up for big business and has promoted fiscal responsibility, smaller government and an anti-internventionist foreign policy. Well, they are still in bed with big business, but are no longer the party of fiscal responsibility or smaller government. When it comes to the issues that will have the most impact on gold prices, we don’t see much difference in the two parties. Both parties seem intent on imperial (mis)adventures, foreign intervention, bigger and more powerful government and a willingness to run the printing press overtime, causing inflation and increasing the national debt. These policies will only serve to weaken the U.S. dollar and strengthen the price of gold and silver. Wars cost money and lots of it. More printing, more debt. Does it really matter to the price of gold which party controls Congress? We don’t think so. Technicals Confirm Bullish Signal A bullish centerline crossover occurs when MAC
