**RBC: Gold Election Take
It's All about Uncertainty
Housekeeping: This timely doc was donated to our community from a Premium Subscriber to whose account we added an additional month Premium on top of as a “thank-you”. On behalf of the GoldFix Community thanks again “J”!
Quick Comment: Gold is all about the short term crisis risk right now lasting for possibly the next month or so, if no winner is definitively declared. Uncertainty will bring in more buying. Certainty will bring an unwind of trades.
Gold’s long term will take care of itself. We believe the election will be contested *if* it is close, and the incumbent party will definitely try to make it close
Contents: (900 words)
Backdrop: How Gold Got Here
Short Term and Long Term Drivers
Short Term: Uncertainty
Long Term: Macro Policy
Conclude: Uncertainty is the Immediate Risk
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