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Speculating Bernanke has taken the lead in exit polls, ZH notes gold has gone vertical in the...

Speculating Bernanke has taken the lead in exit polls, ZH notes gold has gone vertical in the past few minutes (chart). GLD +2%. SLV +3.1%. Oil is on the move as well, USO +2.6%.
Comments (29)
  • Hyperbolic daily move!
    Large co-selloff in Treasurys. Focal point 11:30-11:35am. I might add that there were 4-Weeks auctioned at 0.120% high yield at 11:30...


    (SA is now regularly quoting ZH?)
    6 Nov 2012, 12:45 PM Reply Like
  • Bernanke has taken the lead?
    6 Nov 2012, 12:50 PM Reply Like
  • He is a correlate for an Obama win. Romney may end up picking someone who is more hawkish and less inflationary.
    6 Nov 2012, 12:52 PM Reply Like
  • Obama.... the president for for the downtrodden and poor people on fixed-incomes, saving every penny and trying to avoid commodity inflation.


    Oh wait.....
    6 Nov 2012, 12:54 PM Reply Like
  • Isn't it a myth that the president cannot pick the Fed Chair. Its voted upon with people inside the fed.
    6 Nov 2012, 01:03 PM Reply Like
  • Nope, the President appoints the position.

    6 Nov 2012, 01:45 PM Reply Like
  • We will be GREECE in 2-3 years,,,,,,,,,,maybe less.
    6 Nov 2012, 01:04 PM Reply Like
  • Are you predicting a Romney win?
    6 Nov 2012, 03:11 PM Reply Like
  • I think I will move to Canada.............or Uruguay
    6 Nov 2012, 01:05 PM Reply Like
  • Perhaps the talk will move to balkanizing the US. If 50% of the people want to live under a socialist dictatorship, then let them have the northeast and the west coast. The other 50% that want freedom from coercion and a gov that is limited just to the task of protecting that freedom, can have the midwest and the southeast. The only welfare program the middle will have is a free one way ticket for the nonproducers to either the northeast or the west coast.
    6 Nov 2012, 03:30 PM Reply Like
  • Illinois is in the Midwest, isn't it? I beg you to explain how Obama is a socialist dictator. I need a laugh.
    6 Nov 2012, 03:46 PM Reply Like
  • I guess Illinois could go too.


    So you think socialism is bad? In that case you might want to avoid the states that want to join a new union that will want a socialist dictator. Apparently Illinois would be one of the places you should avoid. Minnesota and Michigan might qualify as well.


    Of course, this could be taken down to the county level, and we could draw up a brand new set of states.


    Here's another interesting question, should divorce be outlawed?
    6 Nov 2012, 03:54 PM Reply Like
  • i think divorce should be mandatory! Can't believe I missed the close while I was reading commentary on seekingalpha...
    6 Nov 2012, 04:02 PM Reply Like
  • "i think divorce should be mandatory!"


    So you would want a mandate that all unions break up, like the UNITED States or the European UNION?
    6 Nov 2012, 04:06 PM Reply Like
  • A prophetic comment - I think we could well see the break up of the US if the country falls into a Greece-like collapse which may not be long away.
    8 Nov 2012, 03:14 AM Reply Like
  • There has been an interesting strong negative correlation over the last 5 weeks between the price of gold and related securities vs Romney's popularity surge since the debates... Maybe today's action is the result of some early vote tabulations that don't look so good for his cause.
    6 Nov 2012, 01:12 PM Reply Like
  • GLD is now up 1.8%,equivalent to an 18 cent move on a $10.00 stock.


    it's nothing.
    6 Nov 2012, 01:26 PM Reply Like
  • The surge "just happened" to come at noon EST, which "just happens" to be the time that the afternoon gold fix is done in London. It has nothing to do with POTUS politics or potential POTUS influence on the Fed, though that's always a good story, especially on election day. The morning and afternoon gold fixes often "just happen" to differ by $30-40 dollars, which is (you guessed it) about 2% of $1700. So this fluctuation is well within the normal range.
    6 Nov 2012, 02:02 PM Reply Like
  • Polls still open, so nobody really knows squat.
    6 Nov 2012, 03:01 PM Reply Like
  • If it's any comfort, it's unlikely that anyone will really know squat after the election is long past.
    6 Nov 2012, 05:46 PM Reply Like
  • I can't figure how FSLR and GS are both up pretty solidly today - FSLR will be bankrupt if Romney wins and destroys all things solar. GS would greatly appreciate a Romney win and a return to the "anything goes" policies of the (wonderful) Bush years.
    6 Nov 2012, 03:15 PM Reply Like
  • You are both right. The Fed provides a short list to the President.
    6 Nov 2012, 03:32 PM Reply Like
  • The great QE-inflation play, even though it never happens.
    6 Nov 2012, 03:49 PM Reply Like
  • I can't speak to all exit polls, but after my wife and I waited two hours to vote today, I did not see the lady taking the exit poll, but my wife commented to me that everyone that the exit poller interviewed looked very similar in age and ethnicity. Exit polls are skewed to match the unsupervised poller's preferences.
    6 Nov 2012, 03:59 PM Reply Like
  • Without leaving greater Los Angeles: If one conducts an exit poll on Rodeo Drive it seems unlikely that one will achieve the same cross-section of opinion that one would have received had Watts been the venue of choice. Kind of a self-fulfilling prophesy, say what?
    6 Nov 2012, 05:49 PM Reply Like
  • Just shining up my PHYSICAL and whistling as i do it...Keep buying those ETF'S....


    Shotgun loaded as well.!!
    6 Nov 2012, 07:09 PM Reply Like
  • Noise. Long term trends are your real friend.
    7 Nov 2012, 01:38 AM Reply Like
  • This is more than noise !!! The fiat dollar will die quicker now...
    7 Nov 2012, 03:49 AM Reply Like


    Others are getting the jump, foreign markets don't care who won either.


    Asia is getting tired of our Treasuries as well.
    7 Nov 2012, 04:28 AM Reply Like
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