Today is election day in the US, so it’s best to take daily fluctuations with a pinch of skepticism.

Nevertheless, if today’s upside follow-through holds, I’d consider it very bullish for precious metals.


-GDX- Gold miners are breaking out above the short-term trendline over significant dollar weakness. As I write, gold futures are at $1715, and the trend looks healthy.


By this time tomorrow, we should know where we stand.

As the polls come in overnight, expect more volatility.