Download now: Gold and Silver Mining Stocks

Pressure On Obama, Off Gold

Wealth Daily's Weekend Edition

Written by Brittany Stepniak
Posted November 10, 2012

My, how the tables have turned for gold...

Last Friday the yellow metal underwent a significant drop-off.

This week gold immediately surged in response to Obama's victory and went on to hit a two-week high.

The election quickly gave the power (and the pressure) back to Obama... and single-handedly took the pressure off gold.

We're on the cusp of the “heist of the century” — the biggest change to gold since the end of the gold standard in 1971 — but precious metals won't advance as dramatically in this historic climb until closer to Thanksgiving, once people realize what's on the horizon...

Experts predict the best-case scenario is “more of the same stuff” we've seen when it comes to financial reform.

They're anticipating status quo arrangements until January 1. That's when the sh*t will really hit the fan.

By the time New Year's Eve rolls around, you can bet gold owners around the globe will be wishing they had stocked up on more gold. (That's why we so adamantly encouraged you to buy before the election.)

If you didn't heed our advice, don't fret...

You have until the end of the year before the fiscal cliff crisis really explodes into chaos.

That's when the Budget Control Act of 2011 is scheduled to go into effect. Taxes will rise, major Social Security cuts will be made, and budget cuts will ensue, including military spending leading to potential job cuts from worried contractors.

There's no tip-toeing around it: Obama has a growing burden on his shoulders as investors are more concerned than ever.

Congress has been dilly-dallying with this issue for three years — and has yet to roll up their sleeves and reach a sustainable compromise.

The political gridlock could have devastating effects on Americans because the policies under current laws for 2013 would cut gross domestic product by four percentage points in 2013, equating to negative growth and another inevitable recession, according to CBO estimates.

This week Christian DeHaemer explained that although this is all very traumatic, it's undeniably good for gold.

Chris reminded readers that gold rose 9.7% in just nine weeks last time the political class stalled during their debt ceiling debate.

Since history tends to repeat itself, there's cause to anticipate a similar response from the gold market...

Without sustainable levels of debt in Western governments, gold remains the most highly-coveted safe haven asset in what has been coined as "the lost decade" for investors.

Best wishes for a prosperous future,

Brittany Stepniak Signature

Brittany Stepniak
for Wealth Daily

How Insiders Invest with Private Money: In the Club, Out of the Market
For too long, surefire investments made by insiders have been off the table for everyday folks, reserved instead for Ivy League graduates and their cocktail party friends. The key to investing and profiting like these people is not to own a piece of a fund... but to do the same kind of deals they do on your own.

Did Gold Just Pick the Next President?: Either Way, Tomorrow's Election is Huge for Gold
By the end of the week, we'll know how the market feels.

Coal's Brutal Sell-Off: Disaster... or Opportunity?
A closer look at coal's post-election sell-off — and how investors can limit their risk.

Hurricane Investing: THIS is an Investment in Freedom!
With an impressive ROI and the promise of freedom, it's one of the best investments you can make.

What Gold Will Do After the Election: Seven Reasons Gold Will Go Up
From where I sit the election is a coin toss, both in terms of who will win and what they will do with the power when they get there.

Witness OPEC's Breakup: Big Oil Blues
Editor Keith Kohl explains why history may repeat itself as the world's largest oil companies begin to lose control.

The Fed's Gold Problem Is Now International: A Wake-up Call for the Fed
The Fed is going to be audited, but the scope is limited... Now the problem is becoming international due to outrage from Germany. When will the Fed wake up and realize the importance of gold?

The Man Behind Texas Oil: Have You Thanked Pattillo Higgins?
For all of the media attention and recognition North Dakota gets in America's energy revival, Texas is America's largest oil-producing state by far...

Gold and the Fiscal Cliff: Terminator 5: Obamageddon
Two days ago I told you gold would rally and the S&P 500 would fall after the election. I was dead-on: Gold went up from $1,680 to $1,733 and hit a two-week high; the S&P fell to 1,388 from 1,433.

Related Articles

Build Your Fortune with Gold
It's time to put fear aside and recapture the heart of the American spirit. It's time to capitalize on all the doom and gloom. After all, every billionaire's fortune has to start somewhere...
What Gold Will Do After the Election
From where I sit the election is a coin toss, both in terms of who will win and what they will do with the power when they get there.
Gold and the Fiscal Cliff
Two days ago I told you gold would rally and the S&P 500 would fall after the election. I was dead-on: Gold went up from $1,680 to $1,733 and hit a two-week high; the S&P fell to 1,388 from 1,433.

What is the benefit of the email subscription?
While the Wealth Daily website offers access to the articles and reports, as a newsletter subscriber you will be among the first to receive access to the valuable advice, delivered directly to your inbox daily, and you will have access to deals on our exclusive services.
Greece's Keynesian Experiment
Big Government Doesn't Work
China's World Domination
And Why it's Not Going to Happen
Should Greece Pay Its Debt?
The Case for a Greek Default
Gold's Early Warning
Deflation May Be Coming
There's No Escaping Austrian Economics
Fed Bubble is Popping
Guaranteed Returns in Cotton Futures!
Uncle Sam's $5 Billion Cotton Scam
Investing in Rhenium
More Valuable Than Oil and Gold Combined!
Greece is Screwed!
10 Ways to Protect Yourself from the Global Economic Crisis
Investing in the Next Silver Bull Market
Silver Short Selling: Manipulation or Opportunity?
The Best Reason to Buy Silver
A Long-term Outlook for Silver