Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: TideGlider who wrote (146595)	10/22/2012 12:55:39 PM
From: tonto	1 Recommendation Read Replies (1) \| Respond to of 224858

Investors looking to play the presidential election can expect gold to rise should President Barack Obama be re-elected and more traditional asset classes like stocks to rise should GOP nominee Mitt Romney win, said Al Korelin, a market analyst and chairman of AB Korelin and Associates. An Obama victory would likely allow the Federal Reserve to continue with loose monetary policies such as quantitative easing, under which the Fed buys bonds held by banks, pumping them full of liquidity in a way that drives down interest rates to encourage investing and hiring. Such a policy, also known as printing money out of thin air, weakens the dollar and pushes up stock prices, though inflationary pressures rise as well, and gold tends to shine when inflation rates rise. Watch our exclusive video. Article continues below “I think President Obama is much better for gold because I think that he brings a fair amount of, I would have to say, almost uncertainty,” Korelin told Newsmax TV in an exclusive interview. “I wouldn’t call the current president, necessarily, a capitalist. I would say that he is very definitely a big government guy. I think he is a big regulations guy and I think that is good for gold personally,” Korelin added. “If you want to look at the inflationary aspects of it if the president is re-elected, you are going to see a significant amount of dollar printing, for lack of better terms, and ultimately, that’s got to be good for gold.” Romney, on the other hand, has said he opposes many Fed policies and would seek to foster growth and recovery by cutting and streamlining taxes. “Now in terms of the conventional markets, I would say that Mitt Romney is probably a little bit better, because he is viewed, I would have to say, as a capitalist number one, and number two as a savvy capitalist,” he said. “So in terms of the conventional markets I would have to say that Mitt Romney is the better of the two.” Gold could keep rising as long as the Fed keeps its foot on the accelerator. Read more: Korelin to Moneynews: Obama Good for Gold, Romney Good for Stocks