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.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.