Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Gold and Silver ETFs Soar After Obama Re-election

Late Tuesday night, it was announced that Barack Obama had won his re-election campaign, and will spend four more years in the White House. Wall Street took a big hit in the two days immediately following the results, as it seems that many had hopes of a Romney victory. But for all of the ground that markets lost, two assets were able surge, as gold and silver have both been on a tear since election day [for more precious metals news and analysis subscribe to our free newsletter].

The result may not come as a surprise to many, as the general sentiment is that Obama will re-appoint Ben Bernanke to the Fed chair in 2014 should he wish to continue with his role. That will more than likely mean more money printing, as Bernanke’s economic principles are founded on the concept. As an aficionado of The Great Depression, Bernanke believes that the economy’s biggest issue in the late ’20s and early ’30s was a lack of money supply. As such, he has remained dedicated to printing more dollars and keeping our currency supply high.


Money printing and currency debasement is a great sign for precious metals, as they typically rally against a weak dollar. Though the latter can be said of most commodities, precious metals provide a safe haven found nowhere else in the hard asset space, setting them apart from their peers. Below, we outline the performances of several gold and silver ETFs over the last three days, as the commodities have cheered on the election and its subsequent result [see also What is The Best Gold ETF?].

SPDR Gold Trust (NYSEARCA:GLD): +2.9%
iShares Silver Trust (NYSEARCA:SLV): +3.9%
Deutsche Bank AG DB Gold Double Long (NYSEARCA:DGP): +6.0%
ProShares Ultra Silver (NYSEARCA:AGQ): +7.8%

This article was originally written by Jared Cummans, and posted on CommodityHQ.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!