Absolutely. The 2000 election is an interesting example. It was over a month before it was officially called. https://en.wikipedia.org/wiki/United_States_presidential_election,_2000
My strategy hasn't changed because of the presidential election, so if gold stocks get hit I will be adding to RRL or NST. If general stocks get hit I'll be watching for a cautious first buy of MND, FLT, VOC, or an add to GNG It depends which stock gets most impacted, as I would also have a nibble at SEK, CAR or a few others at significantly lower prices I'm very interested by construction I.T company Aconex ACX, but only if there is a massive correction in price, so that one is a bit irrelevant I guess.
Gold, gold stocks down heavily. General asx stocks up nicely. I assume that is factoring in better chances for Clinton after FBI reiterates no case to answer? Nearly added to NST today after update on increased production outloook plus enhanced exploration results and outlook for Jundee mines.
I reckon so. Trump is out to about 6.00 on Betfair after the FBI news has broken. The correlation between all these things is quite interesting.
Using a betting agency to hedge/punt or as an indicator is an idea I haven't cottoned on to. I remember when Mcmillan Shakespeare MMS plunged pre election when Labor announced it would be taking a hard look at fringe benefits taxation in connection with salary packaging. This lurk is the meat and potatoes of the MMS business. So Motley Fool Advisory recommended a BUY of this heretofore quality business, but hedged with a bet at Sportsbet on Labor winning the election. They outlined the arithmetic of a sure net gain. Abbott got in and McMillan Shakespeare went on to fill the gap at 15.50 and continue its dividends. Down lately I notice.
I wouldn't be surprised to see the goldies drop another 5% today. Very glad that I setup my new position last Friday!
When to buy back gold stocks? When result seems factored in, like today. Or after election is concluded?
Hard to say at the moment. I think $1250 USD is a key level. If it hit that before election results started coming out I'd be tempted to buy goldies then. Before it hits that price though there is still a decent risk that a Hillary result will smack gold down further as everyone else piles into stocks. There is always the chance we'll see a "buy the rumour, sell the fact" type of outcome with a Hillary result (which is kind of like Rickards Asymmetric Trade call) but I'm not prepared to risk punting on that at this stage. As I said before, I'll be hovering over the BUY button on Wednesday morning and I'm sure I'll have lots of company. The only question really is going to be what to buy
Ok.... ....so that went well. A crazy busy day but pretty happy with how it went. I AM a bit surprised that gold didn't shoot up higher than it has. This was supposed to be bigger than Brexit but so far it hasn't been. Anyone want to throw out some theories on why gold hasn't responded more positively? I'm loaded up on gold stocks after today, so I am kinda vested!
give him a chance. he doesn't even have the keys to the nukes yet though he is probably back on twitter.